Thursday, December 3, 2009

Cass Business School Study Recommends 5% Payout for UK Foundations

The Centre for Charitable Giving and Philanthropy at City University London's Cass Business School recently issued a new report on grant-making foundations in the United Kingdom.  While applauding their role in supporting philanthropy, the report's authors make several recommendations for increasing that support, including considering a 5 percent payout requirement based on the existing United States and Canadian payout requirements for such entities.  For summary of the report, see the School's press release.

LHM

http://lawprofessors.typepad.com/nonprofit/2009/12/cass-business-school-study-recommends-5-payout-for-uk-foundations.html

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