Why is spend-down philanthropy increasingly popular?

spend-down philanthropy
Why is spend-down philanthropy increasingly popular? Before we answer the question, let’s define our terms. There are two basic types of charitable organizations and philanthropic concerns. One type is an open-ended, perpetually funded (or perpetually in need of funding) organization. The other is a type of foundation or organization that has funding but must spend it and accomplish their work within...
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How Does Inflation Affect Purchasing Power?

How Does Inflation Affect Purchasing Power?
How does inflation affect purchasing power? To begin to understand how it works, it helps to know what purchasing power is and how it’s defined. Investopedia defines purchasing power as “the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.” So when we discuss purchasing power, we aren’t in this context talking about how much money you...
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Do you need to tip a house painter?

When it is time to repaint, is it good etiquette to tip a house painter? Some people are more prone to tip, while others feel the base price should suffice for the work. Which is correct? A lot depends on the context of the work being done. Are you hiring on behalf of your boss? Or are you in need of a contractor or painting professional for your own home? For many service workers, a tip can do wonders...
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When Is Best Time to Buy Christmas Items

When Is Best Time to Buy Christmas Items
When is the best time to buy Christmas items? Opinions vary–some are still big believers in Black Friday, the first shopping day after the day of Thanksgiving, as THE day to scoop up bargains where holiday presents and gifts for yourself are concerned. But Black Friday has given way to a host of other sales including Cyber Monday–the all-online discount day, and alternatives to Black Friday...
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What You Should Know About The Payroll Tax

Invisible Tax
What is the payroll tax? There are those who have no opinions on these taxes at all, while some employers argue the taxes are a burden to small businesses. Some describe payroll taxes as “an ambiguous penalty for hiring someone” while others describe specific details of the payroll tax such as the funding of Social Security and Medicare as being important parts of the American economic infrastructure. Social...
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