Foundations Rethink Going Long

In recent years, a small but growing number of families have decided to establish limited life spans for their philanthropic foundations. Aiming for a set period, typically 15 to 20 years, offers an alternative to an organization that is designed to exist in perpetuity.

This decision allows these families to use their assets more quickly and have more impact on the causes they support. And as more families shrink the life spans of their foundations, many are expanding the roles of their financial advisers..