Endowment Payout Rate for Fiscal 2021 to be Distributed in April 2021 (PDAD&C #50)
From: Sheila Brown, Chief Financial Officer
Date: March 3, 2021
Re: Endowment Payout Rate for Fiscal 2021 to be Distributed in April 2021 (PDAD&C #50)
The endowment payout rate for 2021 will be $8.51 per unit, an increase of 2% from last year’s payout rate. This payout represents 3.8% of the opening market value of the endowments, within the 3% to 5% corridor that is in place, and the distribution will provide a total of about $97 million to beneficiaries.
More information on endowments is available in the endowment annual financial report, which is accessible at http://finance.utoronto.ca/reports/endowment/. If you have any questions about the payout for this year, please contact Helen Choy, Manager Accounting Services via email: email@example.com.
The annual payout for 2021 will be distributed by Monday, April 19, 2021.