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 Access Premium Subscription

Your subscription will include 12 months of Trusts & Estates magazine, access to premium content on WealthManagement.com, and Trusts & Estates plus iPad app.

Already registered? here.