February 9, 2006

Foundation Spending: Where the Money Goes

Foundations are required under law to spend at least 5 percent of their assets each year on charitable purposes. Grant makers can include a portion of the amount they spend on operating costs to meet that standard. A new study shows how the spending on administrative costs compares with the percentage devoted to charitable grants. Community foundations, which raise money from a large number of people, are not required to follow the payout rule.

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