[Chapter-delegates] What's going on? As presented, the sale of PIR should be rejected by the Board

[Andrew Sullivan]

On Sat, Nov 16, 2019 at 12:36:44PM +0100, Richard Hill wrote:
> 
> To generate that revenue flow from a very low risk investment such as long-term US Treasury bonds

The IRS's guidance for many years was 5%.  Some professionals
advocated, particularly during various downturns, that something more
like 4% was wise.  Learning about actual performance of many
endowments of various sizes is not that hard.  Here's a useful
summary, for instance, from the beginning of 2019:
https://www.institutionalinvestor.com/article/b1cxtckwq8s99s/Here-s-How-the-Top-Endowments-Did-Last-Year

Best regards,

A

-- 
Andrew Sullivan
President & CEO, Internet Society
sullivan at isoc.org
+1 416 731 1261