Scrooged

December 17, 2010 at 5:07 PM

In the Chronicle of Philanthropy, the Georgetown Public Policy Institute’s Pablo Eisenberg criticizes America’s wealthy for not doing enough for the poor. He argues that foundations should be granting more, and even suggests changes to the law, specifically targeting the five percent payout rule: “Distributing 6, 7, or 8 percent in grants annually will not cause foundations to run out of money and shut down.”

(Hat tip: The Nonprofit Quarterly)

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