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Fiscal Year 2015-2016

The MCV Foundation board of trustees has adopted a formula for the distribution of payout to pooled endowment funds according to the Spending Policy rule. Each fund receives the annual payout amount as of July 1.

Endowment payout per unit for FY14-15     $136.79
Inflation measured for FY2014 (HEPI)
(For South Atlantic Region)
    5.1%
Payout adjusted for inflation     $143.77
  70%   $100.64
  PLUS    
Three year average market value per unit      
Quarter Average for FY
2012 $2,877.638  
Quarter Average for FY
2013 $3,050.689  
Quarter Average for FY
2014 $3,295.239  
  Average $3,074.522  
  4.50% $138.35  
       
  30%   $41.51
       
Payout for FY2015-2016     $142.14
 
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