Big Foundations Give Little More Than the Law Requires, Data Shows
archive.today webpage capture Saved from no other snapshots from this url 5 Oct 2023 23:55:20 UTC All snapshots from host www.philanthropy.com WebpageScreenshot sharedownload .zipreport bug or abuseBuy me a coffee Skip to content FEATURED: Tips for Segmenting Donors REGISTER FOR A FREE ACCOUNT SUBSCRIBE Sign In LATEST ADVICE OPINION WEBINARS ONLINE EVENTS DATA GRANTS MAGAZINE STORE JOBS Show Search NEWS Twitter LinkedIn Show more sharing options What’s So Special About 5%? Most big foundations give little more than the law requires, a Chronicle analysis shows. Critics say they should do better. By Alex Daniels MARCH 7, 2017 The David and Lucile Packard Foundation was right on target. The Robert Wood Johnson and Kresge foundations also hit the mark smack on the nose, as did the Rockefeller and Charles Stewart Mott funds. To keep money flowing from endowments to charitable causes, federal law requires foundations to distribute at least 5 percent of their assets each year. In 2014,
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