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Businesswoman smiles talking to male colleague. They discuss future plans for nonprofit organization. Team strategizes for fundraising and donation drives.

A Deeper Look at Spending Policies: Are There Better Options for Community Foundations?

Quick Answer:  We believe a community foundation’s spending policy works best when it is treated as a governance decision, not a fixed formula. While traditional fixed-rate spending policies are easy to implement and explain, they often have unintended consequences that can impact the foundation’s…

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