The 5 Percent Foundation Payout Requirement May Be a Floor, but the Ceiling Is Awfully Low
Most private foundations stick quite closely to their 5 percent payout requirement. And America's largest are unlikely to give much more than the minimum.
Most private foundations stick quite closely to their 5 percent payout requirement. And America's largest are unlikely to give much more than the minimum.
The IRS just released two years of long-awaited nonprofit tax filings. We found an enormous jump in DAF-to-DAF giving.
Private foundations are currently allowed to make grants to donor-advised funds, or DAFs, and to count those grants toward their charitable distribution requirement of 5 percent of their assets each year.
When ultra-wealthy donors dominate philanthropy, our charities are less resilient.