Spending Out: Learning Lessons from Time-Limited Grant-making

This short paper is one of a series of resources on effective practice for trusts and foundations, and draws particularly on the experiences of foundations with a limited life span. Feedback from ACF members suggests that, while most remain committed to a long-term or permanent future for their foundation, increasing numbers are interested in exploring spending all or part of their capital in pursuit of their mission. And many new donors are attracted to a 'giving while living' approach, allowing them to put their personal energies behind the funds they have donated