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Ending Payout as We Know It: A Conceptual and Comparative Perspective on the Payout Requirement for Foundations

George Mason University

The payout requirement that the Tax Reform Act of 1969 imposed on foundations has come up for debate again over the past few years and a tightening of the requirement was proposed in Congress in 2003. Hypothetically applying corresponding German rules to Ford Foundation data, this article suggests that U.S. regulation of foundation spending policies is already stricter than elsewhere and that much of the current policy debate has little to do with the original intentions of the requirement. Reevaluating the underlying rationale of the policy, the article concludes with a proposal to introduce time limits to the payout requirement

Key Words: foundations • payout requirement • comparative regulation • Germany

Nonprofit and Voluntary Sector Quarterly, Vol. 33, No. 4, 729-738 (2004)
DOI: 10.1177/0899764004269318


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