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Fiscal Year 2012-13

The MCV Foundation board of trustees has adopted a formula for distributing 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 FY11-12     $145.06
Inflation measured for FY10-11 (HEPI)
(For South Atlantic Region)
    1.5%
Payout adjustment for inflation     $147.24
  70%   $103.07
  PLUS    
Three year average market value per unit 2009 $2,494.788  
  2010 $2,657.036  
  2011 $3,047.832  
  Average $2,733.219  
  4.50% $122.99  
       
  30%   $36.90
       
Payout for FY12-13     $139.96
 
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