Spending money well in the world of philanthropy often means spending it now. Rather than giving through their estates, many donors are choosing to make substantial gifts during their lifetimes and "spend down" their foundations over a set period of time.
Additionally, donors are increasingly keeping the principal of a donation segregated from a recipient institution and instead donating program-specific income, rather than allowing the recipient to manage both the funds and the program. Among other benefits, this type of financial arrangement can dramatically increase the amount of money available for the intended program, particularly in its early years.
Applying such strategies enables donors to increase the effectiveness of the programs they are funding, and can lead to a greater overall benefit from their gifts.
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