A post to Exponent Philanthropy's blog

Payout Requirements: Year-End Tips for Meeting Your Minimum

Photo by Jess Bailey Designs from Pexels

It’s December and your foundation wants to fulfill its payout requirement within the calendar year. What can you do?

Tips for meeting your minimum:

  • Ask your local community foundation, association of grantmakers, or giving circles for information about community needs and nonprofits they support.
  • Consult with members of the faith community.
  • Ask your government social services agencies, United Way, or other federated campaigns for recommendations of nongovernmental, nonprofit agencies with whom they work.
  • Ask at your workplace. Does your employer have a matching grants program or a corporate foundation?

For trustees with discretionary grant dollars, here are additional ideas for efficient spending at year’s end:

  • Fund a declined grant that you believe in.
  • Look for an opportunity to respond to emergency needs in your community (e.g., short-term cash flow problems, greater needs during the winter months).
  • Give to a natural disaster relief fund.
  • Give to an alumni association.
  • Contribute to summer camp tuition for low- and moderate-income children (e.g., YMCA, YWCA, The Fresh Air Fund).
  • Make online donations (a particularly useful strategy for international giving).
  • Give to holiday food programs or food baskets.
  • Open a certificate of deposit, or CD, at a community development bank.
LEARN MORE ABOUT MEETING YOUR MINIMUM DISTRIBUTION REQUIREMENT

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