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.
While our federal government backtracks, state and local lawmakers are increasingly taking action to repair racial divides through policies designed to address racial inequality.
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.
New fact sheets by the Poor People’s Campaign and the Institute for Policy Studies reveal disturbing data on systemic racism, poverty and inequality, ecological devastation, and militarism in every U.S. state.