Thinking About the 5% Rule

By |June 30th, 2013|

Should the 5% rule for private foundations and family foundations be raised to 10% in annual distributions? Should the redistribution of wealth held in private foundations be disseminated at a faster rate than 5%? What would the world look like if foundations had to sunset rather than remain in perpetuity? Would this be a good thing or not? Is it better to have long-lasting financially strong private foundations that milk their money with personal fees and expenditures while not being as generous as they could? Whether these questions are approached from a legal, [...]