I would agree with that. I think we should increase the payout to 5% or 6% from the 3.5% and encourage foundations to spend money, rather than keep it in perpetuity and things like that.
On May 8th, 2012. See this statement in context.
On May 8th, 2012. See this statement in context.
May 8th, 2012 / 5 p.m.
Lawyer and Partner, Blumberg Segal LLP, CanadianCharityLaw.ca
I would agree with that. I think we should increase the payout to 5% or 6% from the 3.5% and encourage foundations to spend money, rather than keep it in perpetuity and things like that.
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