In May of each year, a notice of distribution is sent to each benefitting organization. The organization has the ability to select the payout amount based on several scenarios. Each August, the organization will receive their disbursement from their endowment. The disbursement is calculated on the average of the last 12 quarters, which helps counter the 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.