REPORT: A Date Certain: Lessons from Limited Life Foundations
Across foundations, perpetuity is still seen to be the default, and there is considerable uncertainty about the practice of spending down. The Center for Effective Philanthropy (CEP) decided to interview leaders of 11 limited life foundations to learn more about their decision and journey towards spending down. The result of these interviews is a new report A Date Certain: Lessons from Limited Life Foundations. The research illustrates the ways in which limited life foundations approach spending down in nine key areas: why spend down, investing, staffing, grantmaking and strategy, what they owe to their grantees, collaborations, communications, evaluation, and archiving knowledge.