Philanthropy’s best-kept secret: the more you have, the less you’re required to give
· fortune.com
The 50 largest private foundations in America hold more than $535 billion between them, obliged o distribute 5% each year, a minimum unchanged since 1969.
The 50 largest private foundations in America hold more than $535 billion between them. Their obligation is to distribute 5% of it each year, a minimum unchange...