Will the Trend of Awarding Grants Above the 5% Minimum Catch On?

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According to the Non Profit Quarterly, the Patricia Kind Family Foundation and the Untours Foundation are asking other foundations to award grants above the 5% minimum, in order to sustain their tax-exempt status, in an attempt to create a trend of foundations utilizing more of their assets towards making a positive social impact rather than using most of their assets for other purposes that aren’t as pertinent to their mission. These two foundations have built a strong reputation for increased grants awarded and with this “legacy” they created, but what will this mean for the nonprofit organizations that are potential …read more

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