How are endowment proceeds distributed?
Each individual endowed account receives 4.5% of the three-year moving average market value of their proportionate interest in the underlying investments of the endowment fund. A three-year moving average smoothes the inevitable fluctuations of the investment marketplace in any one year. Since the endowment fund is a unitized investment pool, an individual endowed account’s share of the endowment is determined by the number of units “owned” by the account compared to the total number of units in the pool.
