Yale To Increase Endowment Payout to Expand Access and Advance Science.

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M2 PRESSWIRE-8 January 2008-Yale University: Yale To Increase Endowment Payout to Expand Access and Advance Science(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:08012008

New Haven, Conn. -- Yale will increase its endowment payout by more than one-third in the upcoming fiscal year, President Richard C. Levin announced today.

The estimated payout from the University's endowment will total $1.15 billion in 2008-2009, an increase of 37% above the $843 million in funding from the endowment in Yale's current fiscal year.

"Exceptionally strong investment returns in recent years have led to a lower than anticipated payout rate from the endowment under our current policy," Levin said. "The prudent policy revision we are making will increase...