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Mar 1, 2006 12:00 PM
One Size Doesn't Fit All
Most grant-making foundations in the United States operate on very modest budgets, are largely unstaffed and are run by unpaid trustees. But that's where their similarities end. A fierce, slow-motion debate has been raging about how much is appropriate for them to spend on staff, overheads, trustees, and administrative expenses. To underscore how dissimilar the spending needs of similar-sized foundations can be, a new report was released on Feb. 3 that “cautions against the ‘one size fits all’ approach to setting standards” that seems to dominate reforms being considered in Congress.
The Foundation Expenses and Compensation report issued Feb. 3, emphasizes the need to consider the impact of foundation type and size and the diverse goals and missions of foundations on staffing levels and expenditure patterns. It also points out the gaps in our understanding of foundation operations and practices, suggesting the need for further research and for revisions to current reporting requirements.
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| Estate Tax | Donor Advised Funds |
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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