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I know the government requires private foundations to distribute five percent of their assets each year. Does the same requirement cover donor advised funds?

April 26, 2017assets cover Foundations government percent private requirement requires year

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I know the government requires private foundations to distribute five percent of their assets each year. Does the same requirement cover donor advised funds?

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No. NPT has no such requirement on donor advised funds. However, we do encourage donors to contribute 5% to charities and causes that are important to them. If you make no grant recommendation from your fund for three years, we’ll call to see if we can help.