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Philanthropists Set Spending Deadlines -
MAY 21, 2009 | Wall Street Journal | by SHELLY BANJO. A
growing number of philanthropists are adopting spending deadlines and
sunset provisions to ensure urgent global needs are addressed in a
timely way.

By granting the entirety of funds within a certain period of time, these
charitable efforts are looking to have a bigger immediate impact than
traditional foundations, which are typically set up to last forever and
pay out roughly 5% of assets a year.
philanthropy  Shelly_Banjo  benefactors  high-impact  impact_investing 
may 2009 by jerryking
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