August 18, 2005

A New Way to Look at Foundation Giving

By Thomas J. Billitteri

For years, the philanthropic world has debated whether private foundations distribute a big enough portion of their assets every year for good works, but the discussion has tended to stall over a single issue: whether the federal minimum payout requirement of 5 percent of investment assets should be higher, lower, or remain unchanged. Typically the debate has been framed by competing arguments related to investment returns. Many foundations argue that to distribute more than the minimum

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