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.
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