Expenditure Responsibility

Board Briefing on Payout

Council on Foundations
This briefing offers guidance on payout strategies for reserving foundation endowment value over time vs. spending more on current needs.
PDF of this Resource

Ending Payout as We Know It

Insights: Nonprofit and Voluntary Sector Quarterly
“A conceptual and comparative perspective on the payout requirement for foundations.” Written in 2004 by Stefan Toepler.
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Equivalency or Expenditure Responsibility? A Guide in Plain English

Council on Foundations
This article summarizes the basic features of equivalency and expenditure responsibility and suggests some factors that may lead a funder to choose one approach or the other.
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Foundation Expenses and Compensation: How Operating Characteristics Influence Spending

Urban Institute, The Foundation Center, GuideStar
This report documents the dimensions of foundation expenses and compensation and reveals that major differences in foundations’ operating styles have a great impact on their expense levels.
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Endowments

Links

The Endowment Trend: Securing the Future Now

From the Magazine, Museum News comes this article analyzing endowment trends.
Link to this Resource

Additional Resources

To obtain a copy of the following resouce(s) please contact 503.226.6340 or email .(JavaScript must be enabled to view this email address)

Board Member- Understanding Endowments

For Board Source by Michael Gellman, CPA, 2002

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