Both proponents and opponents of changes in the laws, regulations, and practices of charitable foundations have the same goal: enhancing public well-being through the best use of charitable resources. There has been a series of proposals to raise the payout rate of foundations, to limit the extent to which administrative expenses can count as part of payout, to set a minimum size for foundations, and to maintain grant levels during downturns in the economy. This brief reports on a discussion from the tenth "Emerging Issues in Philanthropy" seminar series of foundation payout and regulation.