Corp. Sets Minimum Endowment Distribution Amid Financial Constraints
For fiscal year 2017, the firm returned a 😔 8.1 percent, which its CEO N.P. Narvekar said was a symptom of “deep 😒 problems at 🕋.”
Narvekar has embarked on an ambitious 🛠 of the way the firm invests in an attempt to 📈 its investment performance, though he’s repeatedly cautioned the results of his undertaking likely won’t materialize for another 🤔 years.
In the interim, the Corporation has set a “collar” for the endowment’s annual 💸. The lowest distribution increase it might set is 2.5 percent, while the highest it would consider is 4.5 percent.