Endowment funds

The American Pharmaceutical Association also had hopes of developing a research endowment of its own at this time, and some of its leaders may have seen the proposed institute as a rival for funds. A.Ph.A. President George Beringer had called for the creation of an endowment fund for pharmaceutical research in his presidential address in 1914 (48). In August of 1917, the A.Ph.A. Council established a research fund (49), and shortly thereafter Amy was appointed Chairman of a newly-created research committee (50). Although it was not until early 1920 that the A.Ph.A. Executive Committee formally proposed the formation of a research endowment, with plans calling for the solicitation of funds from industry and other sources (51), it is likely that the idea of soliciting contributions for an endowment fund was already in the minds of some when the research fund and committee was established. ... 

It s all well and good if you have 100,000 or some such amount of money to invest. Wouldn t we all just love that Frequently, though, the question is more like, How much do I need to invest in order to get that kind of interest Nonprofit organizations like to have endowment funds (money put aside that s never touched, with only the interest used to pay expenses). They want to know how much is needed in the endowment fund in order to have a particular income every year from the interest. 

Finally, I thank the Killam General Endowment Fund for a Resident Fellowship to complete this book, and my wife, Shirley, for forbearance and understanding while I was preoccupied with this project. 

If you want to be sure something is left when you die, here s a plan that will work for you. Harvard University s endowment fund developed a spending guideline in 1973 to ensure a person wouldn t prematurely run out of money. The rule assumes a balanced portfolio allocated half to stocks and half to bonds and cash equivalents. It limits the first-year withdrawal to four percent of the portfolio s total value. Then, in each following year, increase this amount by the previous year s rate of inflation. Continue in this manner from year to year. For example, if you have a 500,000 portfolio, you could withdraw 20,000 in the first year. If the rate of inflation were 3.5 percent that year, you could withdraw 20,700 the second year. 

All royalties from the sale of this volume will be contributed to the Weed Science Society of America Endowment Fund to benefit ongoing research and education in areas of weed science and weed management. 

Work in the author s laboratory is supported by grants from the NIH, the NSF, the Arnold and Mabel Beckman Foundation, the John Merck Fund, and the McKnight Endowment Fund for Neuroscience. 

We would like to thank Dr. Felicitas Pfeifer for critical reading of the part of this review that deals with genetics. We would like also to acknowledge the Office of Naval Research (United States), the Centre de la Recherche Scientifique (France), the National Council for Research and Development (Israel), and the Endowment Fund for Basic Research in Life Sciences—Charles H. Revson Foundation for their support. Parts of this article were written while M. M. was on a sabbatical leave at The Max-Planck-Institute for Biochemistry in Martinsried, Germany, and H. E. was a Visiting Scientist at the National Institutes of Health in Bethesda, Maryland. 

A symposium in Honor of Harold Ray Snyder was held in 1976 which was attended by friends, associates, and former students who gathered to pay tribute. The Symposium also marked his 65th year and his retirement from the University of Illinois. Further, his former students organized the Harold Snyder Endowment Fund,... 

The work cited from the authors laboratory was supported in part by the S.A. Schonbrunn Research Endowment Fund and by grant no. 87-5 from the German-Israeli Agricultural Research Agreement. J. Hirsch is the recipient of a Mauerberger Foundation Fund Fellowship. 

I thank Michelle Carlson and Tom Brown (GeneCTAr at www.genectar.com) for proofreading, editing and valuable comments. The research in the author s laboratory is supported by NSF grants (IBN 9696092 and IBN 9808156), NIH (08-1GM57440A), and the Michigan State University Rackham Endowment Fund. 

MacKinnon, N.J. MacDonald, N.L. The State of Performance Measurement for Pharmacy in Canada. In A Report for the Pharmacy Endowment Fund, Dalhousie University College of Pharmacy, January 2000. 

Acknowledgments. This work was supported in part by The Eliahu and Tatiana Leszczynski Research Foundation and The Robert szold institute for Applied Science of the P.E.F Israel Endowment Funds Inc. Dr. Domb is affiliated with the Blum Center for Pharmacy, The Hebrew University of Jerusalem. 

The author wishes to acknowledge the outstanding contribution to this work of Dr. Christine Cardin, who has provided all the structural data on which this paper relies so heavily. He would also like to thank the coworkers cited in the references for their hard work and many helpful discussions, Dr. Paul R. Raithby for the provision of diffractometer time in the early years and for helpful discussions, the EPSRC, the Krieble fund, and the Reading University Research Endowment Fund for support. 

In response to recent MV studies, there has been a strong inflow of capital into hedge funds. Even some normally risk-averse institutions such as pension funds are now making substantial allocations to hedge funds. Swensen (2000) maintains that a significant allocation to hedge funds as well as other illiquid assets is one of the reasons for substantial outperformance by leading university endowment funds over the last decade. 

The authors are grateful for the financial support of the Ratchadaphlseksomphot Endowment Fund of Chulalongkorn University, Project RES560530044-AM and Postdoctoral Fellowship [Ratchadaphlseksomphot Endowment Fund). 

AI-25696 02, the Fannie E. Rippel Foundation, the Arizona Disease Control Research Commission, the Robert B. Dalton Endowment Fund, Eleanor W. Libby, the Waddell Foundation (Donald Ware) and Herbert K. and Dianne Cummings (The Nathan Cummings Foundation, Inc.). We also appreciate the expert assistance of Drs. Feng Gao, Cherry L. Herald, Fiona Hogan and Yoshiaki Kamano and Mrs. Christine Duplissa. 

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