Considering the Choice to Spend Down is Good for Philanthropy
Posted on April 19, 2016 by Virginia M. Esposito
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For much of the 20th century, the vast majority of U.S. foundations operated under the idea that they would be in business forever.
But as a new generation of family philanthropists take over — a growing number are deciding that they would rather grant their assets during a set period of time than manage their endowments in perpetuity.
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