[amsat-bb] ORI receives half million dollar grant, and it's only the first.

[Phil Karn]

On 9/11/20 00:07, John Brier via AMSAT-BB wrote:
>
>>> That's $2.5 million a year for 20 years.
>>
>> Actually, it is not limited to 20 years. Granting organizations invest their funds, and grant from the income. This is probably meant to still be going long from now.
>>
> Clearly you're talking to someone who doesn't invest. I imagine you
> could make a lot of money off that amount of money. Good point!


The IRS requires charitable foundations that earn most of their income
from investments (as opposed to public donations) to give away at least
5% of their assets every year. Unfortunately, that number doesn't seem
to change with inflation or the prevailing market returns so it may or
may not be possible to make grants in perpetuity without growing your
endowment from other sources.

Phil