Thursday, May 21, 2009

Philanthropists Set Spending Deadlines - WSJ.com

Philanthropists Set Spending Deadlines - WSJ.com: "A growing number of philanthropists are adopting spending deadlines and sunset provisions to ensure urgent global needs are addressed in a timely way.

By granting the entirety of funds within a certain period of time, these charitable efforts are looking to have a bigger immediate impact than traditional foundations, which are typically set up to last forever and pay out roughly 5% of assets a year."

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