By Anita Nager
Former Executive Director, the Beldon Fund
Nearly two months ago, the Beldon Fund closed its doors, completing the ten-year intentional spend out envisioned by our chair and donor John Hunting. We did it! With this act, we joined a small cadre of foundations, many in the New York region, which have already spent out, or announced their intention to do so.
A trend? Hard to say. Research by the Foundation Center shows a modest uptick in the decision to spend out by family foundations. If my private conversations with executive directors and foundation board members are any indication, the spend out vs. perpetuity question is on the table for a growing number of private foundations. They are hungry for advice and examples.
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