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Process for Endowment Spending
Setting the Annual Endowment Spending Rate
As part of the annual budget planning process, the Administration presents the proposed endowment spending rate to the Trustee Budget Committee for approval.
When approved, the spending rate is used for planning the University operating budget for the fiscal year that will begin on September 1 of each year.The approved spending rate for Fiscal Year 2011-2012 is $8.32 per unit held in the University's long-term pool.
The calculation of the Fiscal Year 2011-2012 spending rate is outlined below:
Total Spending Rate ($2.37 + $5.95) = $8.32 per unit
The calculation of the 12-month average is outlined below: