Impact of the 5% payout rule
Category: meta-EA; research
Proposal: Research what would be the consequences of removing the 5% payout rule.
Motivating intuition: maybe it would help longer-termist causes (?) and it might also increase the global ratio of investing / consumption (?)
Date posted: 2020-03-06
Additional information:
A foundation must pay out 5% of its assets each year while a public charity may not.
Donors to a public charity receive greater tax benefits than donors to a foundation.
A public charity must collect at least 10% of its annual expenses from the public to remain tax-exempt while a foundation does not.
( source: Foundation (United States law) )
Current theme: default
Less Wrong (text)
Less Wrong (link)
Impact of the 5% payout rule
Category: meta-EA; research
Proposal: Research what would be the consequences of removing the 5% payout rule.
Motivating intuition: maybe it would help longer-termist causes (?) and it might also increase the global ratio of investing / consumption (?)
Date posted: 2020-03-06
Additional information:
( source: Foundation (United States law) )