 |
Endowment
Spending Rule Calculation
for Fiscal Year 2008-09
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 2007-08 |
|
|
$ 145.79 |
| Inflation measured for FY 2006-07 (HEPI) |
|
|
3.4% |
| Payout adjustment for inflation |
|
|
$ 150.75 |
|
|
70% |
|
$ 105.52 |
|
|
PLUS |
|
|
| Three year average market value per unit |
2005 |
$3,031.298 |
|
|
2006 |
$3,161.944 |
|
|
2007 |
$3,598.100 |
|
|
Average |
$3,263.797 |
|
|
4.50% |
$ 146.87 |
|
|
|
|
|
|
|
30% |
|
$ 44.06 |
|
|
|
|
|
Payout for 2008-09
|
|
|
$ 149.58 |
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