<p>Reduced from 5.0% to 4.5% per AnnArbor.com</p>
<p>[University</a> of Michigan to slow endowment distribution rate - AnnArbor.com](<a href=“http://www.annarbor.com/news/university-of-michigan-to-slow-distribution-of-endowment-distribution-rate/]University”>University of Michigan to slow endowment distribution rate)</p>