Many existing foundations and prospective philanthropists are considering or pursuing a “limited life” strategy. In other words, they are planning to close at some future date. One reason leading to this new trend are donors who want to see their philanthropic vision realized during their lifetime. A second reason is that many donors want to tackle larger challenges that require large amounts of capital. And a third reason is an impatience with the bureaucracy inherent in large foundations. Researchers at the Sanford School of Public Policy at Duke University have identified 45 foundations that have completed an intentional spend-down, along with 29 other foundations that plan to follow such a course.
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