(05) Board Governance Draft November 24, 2003

... growth at Institute. It’s a mathematical fact that separate endowments, where one endowment grants to the corpus of another ... of the Institute will be $63 million larger than had the endowments been combined in 1991. This will permanently add $3 million read more...

Category: Trust Histories

... would not have the option to reduce spending if the endowments were combined.  The actual historical combined spending is ... return over the same historical period would result in the endowments not having preserved real spending power.  The joint read more...

Category: Trust Histories

... of said additional twenty years (assuming 9% return of both endowments). Therefore, the total additional monies to the John E. read more...

Category: Trust Histories
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