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By admin on
10/30/2008
If an organization has a reasonable endowment spending policy it should protect against shorter and mid-term market fluctuations.
As you can see below, the policy at the University of Michigan was adjusted to protect against these fluctuations. One might argue that this could be too conservative, but money typically "doubles" over a 10 year time horizon, so the policy is less conservative than it might appear to be.
"Distributions from Endowments occur quarterly based on the distribution percent set by the Regents. In June 2006, the Board of Regents approved a change to the University’s endowment spending rate policy and extended the moving average period from
12 quarters to 28 quarters, with implementation to be phased in over the next three years. Effective July 1, 2006, the spending rate moving average period w ...
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By admin on
10/23/2008
Data Management Strategy
An encompassing approach to data management is critical to an organization especially when this needs to cross organizational boundaries. Data is what gives us our strategic advantage and if we don’t have our “ducks in order” we will lose our competitive edge.
Data management that crosses organizational boundaries is particularly difficult in larger decentralized organizations where decision making, clear lines of accountability, budget distribution and other structural considerations make breaking down these barriers more difficult.
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