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Spending Down vs. Existing in Perpetuity: The Historic Foundation Debate Continues
"Many nonprofits would love to see foundations giving out more than an eyedropper's worth (i.e., less than five percent of their assets). However, if the challenge of spending down means giving mammoth grants to mammoth institutions like the $350 million to Cornell, some nonprofits might be less than happy with the results." Click here to read the full post.
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