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.
Considering the Question of Perpetuity
Foundation Case Studies
The Irwin Sweeney Miller Foundation: a Study in Spend Down
Passages Issue Briefs
NCFP Webinars and Teleconferences
Giving While Living
Webinar
Perpetuity is a Long Time
WebinarAdditional Voices and Perspectives
Can Structure Set You Free?
Article
Research and Trends
Statements on Sunsetting
A growing number of donors and foundation boards are sharing statements clarifying their reasons and goals for spending down. Here are a few of our favorites:
John Merck Fund: Why We’re Closing
Why the Raikes Foundation Is Not a Perpetual Philanthropy
The Brainerd Foundation Will Sunset in 2020
Edward W. Hazen Foundation: 5-Year Spend Down Plan
Stupski Foundation: Why Spend Down? Because Change Can’t Wait
Edward W. Hazen Foundation: We’re Going All In!