Is there a minimum or a maximum amount a private foundation must give away each year?

Video Transcription:

The general rule is 5% of the value of the assets must be given every year. Now, there’s exceptions to that and there are makeups so I could not make any grant for almost two years and I could catch it up right at the end, but in general you need to plan on making charitable grants equal to 5% of the value of the assets every year. Have more questions? Then contact us today to schedule a free consultation! Doane & Doane – Top rated Tax & Estate Planning Attorneys