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ERIC Number: EJ455966
Record Type: CIJE
Publication Date: 1992
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: ISSN-1077-3398
How Large a Fraction of University Endowment May Safely Be Spent?
Coiner, H. Michael
Journal for Higher Education Management, v8 n1 p57-67 Fall 1992
Many colleges and universities set spending from endowment at a fixed fraction of its market value. Analysis of this policy suggests that the maximum permissible spending fraction is related to the institution's target growth rate and the endowment's real return. Mathematical formulas and charts specifying this relationship are offered. (MSE)
Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: Administrators; Practitioners
Language: English
Sponsor: N/A
Authoring Institution: N/A