• BroBright

    I wish NPQ would get serious regarding the topic of 5% Payout Rule. This is the biggest contradiction – I am a Charitable Foundation and I only have to give out 5% – The “payout rule” refers to the fact that, by law, private nonoperating
    foundations must distribute five percent of the value of their net
    investment assets annually in the form of grants or eligible
    administrative expenses, with certain exceptions. The rule was created
    to prevent foundations from receiving assets but never actually making
    charitable distributions with them.