Perpetuity or Spend Down: It’s Not a Binary Decision

Exponent Philanthropy blog, June 20, 2019. Getting clear on your foundation’s lifespan is one of the most fundamental decisions your board will make. It affects virtually everything else you do. Think for a moment of the difference in, say, a 25-year lifespan or one of perpetuity when it comes to setting grantmaking priorities, managing investments, engaging the next generation, or running daily operations.

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