A thoughtful article in the Wall Street Journal provided the following recommendations to fix some of the present difficulties associated with charitable giving. Recommendations included the following:
1. Increase the distribution percentage of required foundation annual payouts from 5% to 6%
2. Increase giving to general operating support
3. Increase multi year funding
4. Adopt rolling grant making
5. Allocate more funding to the truly needy.
6. Reach out to local groups in under served populations
7. Simplify application and reporting process
8. Improve public accountability
9. Fund the watchdogs
This article also raised the question of whether it makes sense to have funds that are made to last into perpetuity. Good thoughts and questions as we consider the pressing needs of many nonprofits serving disadvantaged populations.
The author, Mr. Eisenberg, a senior fellow in the Center for Public and Nonprofit Leadership at Georgetown Public Policy Institute in Washington, D.C.
A more expansive report on philanthropy is available from the Wall Street Journal.
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