What is the most compelling argument for continuing your family foundation, or donor-advised fund, in perpetuity? What is the most compelling argument for raising annual payouts and setting a closing date? Whether to operate indefinitely or limit the lifespan of a foundation is among the most fundamental questions that foundations can ask—and a conversation every family or board should have. This NCFP Content Collection is aimed at new donors considering what strategic lifespan will best work for their foundation, as well as existing foundations that have already set a closing date, or any family or board contemplating the question. Know of other good resources to include here? Please suggest a resource.
For additional perspectives and case studies on this topic from the S.D. Bechtel, Jr. Foundation, see the content collection, Ending Well: Exits and Spend Downs.