It’s Time for an Emergency Charity Stimulus
Lawmakers are considering an “emergency charity stimulus” in order to unlock an additional $200 billion in charitable resources over the next three years. The temporary legislation would mandate that foundations double their payout from 5% to 10% and that DAFs have a 10% payout, as well.
As Inside Philanthropyhas reported, foundations are digging deep right now and voluntarily increasing their payout. The Libra Foundation and the Wallace Global Fund have recently announced boosts in their payouts.