Each year, a distribution notice is sent to each benefitting organization in May. The organization can select the payout amount based on several scenarios. Each August, the organization will receive its disbursement from its endowment. The disbursement is calculated on the average of the last 12 quarters, which helps counter market fluctuations. The Foundation’s current spending policy is capped at 4%, which protects the longevity of the endowment and allows for continued growth based on the market.