National Center for Family Philanthropy, April 19, 2016. For much of the 20th century, the vast majority of US foundations operated under the idea that they would be in business forever. But as a new generation of family philanthropists take over — and families contemplate just how long forever actually lasts and reflect on the present needs in their communities — a growing number are deciding that they would rather grant their assets during a set period of time than manage their endowments in perpetuity.
