Sticking the Landing: a Growing Trend Toward Spending Out
Posted on December 3, 2015 by National Center for Family Philanthropy
For much of the 20th century, the vast majority of U.S. foundations operated under the assumption that they would be in business forever. However, as a new generation of family philanthropists take over a growing number are deciding that they would rather spend down their assets during a set period of time than manage their endowments in perpetuity… Read More