[Verse 1] University treasures locked in vaults of time Endowments growing, assets climb But how much can we spend today Without stealing tomorrow's pay? Simple rules say fixed percent Five point zero, money spent But markets crash, the fund deflates Students suffer, budget breaks [Chorus] Rolling averages smooth the ride Three to five years as your guide Geometric smoothing finds the mean Keeps the spending flow serene Balance fairness through the ages Current needs with future wages Spending rules that stand the test Serve today while saving rest [Verse 2] Rolling method takes the wheel Three year average makes it real If endowment hits a peak Don't spend it all within a week Average out those market swings Steady funding always brings Stability to operations Across the generations [Chorus] Rolling averages smooth the ride Three to five years as your guide Geometric smoothing finds the mean Keeps the spending flow serene Balance fairness through the ages Current needs with future wages Spending rules that stand the test Serve today while saving rest [Bridge] Geometric weights decline Recent years get stronger shine Point eight, point six, point four Each year matters less than before Intergenerational equity Means fairness for you and me Grandchildren deserve their share Of the wealth we're holding there [Verse 3] Smoothing volatility out That's what these methods are about Markets soar then markets fall But spending stays stable through it all Choose your rule with careful thought Each approach has battles fought Simple, rolling, or geometric Keep your budget systematic [Chorus] Rolling averages smooth the ride Three to five years as your guide Geometric smoothing finds the mean Keeps the spending flow serene Balance fairness through the ages Current needs with future wages Spending rules that stand the test Serve today while saving rest [Outro] From the vault to classroom door Making endowments so much more Than just numbers on a page Wisdom flowing age to age
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