Small and Midsize Foundations Exceed Payout Requirements in 2009, Study Finds - News - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "June 30, 2010
Small and Midsize Foundations Exceed Payout Requirements in 2009, Study Finds
By Debra E. Blum
Small and mid-sized foundations were more generous to charities than they had to be last year, according to a new study.
More than eight out of 10 small and midsize foundations spent more than the minimum distribution required by law—which is about 5 percent of investment assets each year—according to a study by Foundation Source, a company that provides services for family foundations and other philanthropies."
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