US Treasury bonds yield 1.7% a year. That’s $18,700 a year in foregone revenue
That’s the annualized return on 3-month bonds, a short-term, zero-risk investment. Setting up such an investment would be trivial (and could surely be outsourced).
At the other extreme, you have the Wellcome Trust which holds Henry Wellcome’s endowment; their investments have yielded an average of 14% per year since 1986. And those returns compound, too. As a result, they’ve been able to give away much larger disbursements than if they’d simply held the money in cash.
That’s the annualized return on 3-month bonds, a short-term, zero-risk investment. Setting up such an investment would be trivial (and could surely be outsourced).
At the other extreme, you have the Wellcome Trust which holds Henry Wellcome’s endowment; their investments have yielded an average of 14% per year since 1986. And those returns compound, too. As a result, they’ve been able to give away much larger disbursements than if they’d simply held the money in cash.