From: Boord, Peggy (pboord@ju.edu)
Date: Mon Jul 23 2001 - 13:13:41 EDT
Rich:
At Jacksonville University we use a three year, quarterly, rolling average.
Each December it is updated for the upcoming budget year.
-----Original Message-----
From: Rich Seggerman [mailto:seggerman@wartburg.edu]
Sent: Tuesday, July 17, 2001 8:27 AM
To: bursar-l@virginia.edu
Subject: Endowment Investments
Greetings!
I have some questions related to endowment investments. We use a pooled
investment approach for endowment investments and have a spending rate
(e.g. 4 or 5%) based on the market value of the endowment investments as of
the prior year end. We are changing to a three year rolling average of the
market value, but wondered what over schools do. My questions are:
1. Do you use a rolling average of the market value of the endowment
investments to apply a spending rate?
2. If you do use a rolling average, do you use averages based on a> yearly
b> quarterly or c> monthly market values?
Also, does anyone have information on inflation rate figures specifically
for higher education for the past 2-3 years? Or could you tell me where I
could find such information?
As always, thanks for any information you can provide.
Rich Seggerman
Controller
Wartburg College
Waverly, Iowa
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