There's a band of renegades who've just been looking at this and thinking this is insanity. Canada has the lowest disbursement quota in the world. People always say they need to save up money for a rainy day; we're looking out the window and it's pouring, and still they're not disbursing.
I'm working at it from “Please, foundations, step up now.” Of the over 2,000 private foundations in Canada that have more than a million dollars in assets, only 20 have stepped up to increase their giving to 5%. I had hoped it would be voluntary, but that's not what we're seeing.
Gail has written about the disbursement quota from the charity side.