Pay-out Requirements for Foundations

Research Report

Pay-out Requirements for Foundations

April 30, 2013

Abstract

This paper examines the minimum distribution requirements for foundations. The first section presents a historical review of current law. The second section looks at the technical problems in the distributions requirements which lead to inequities across foundations and inefficiencies in their distribution of funds. The third section presents proposals to eliminate these problems, and the fourth section discusses the role of public policy in requiring minimum distributions and the effects of these requirements on the growth of the foundation sector. The fifth section looks at how these requirements impact the broader charitable sector.

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