I see that the Foundation has a “Spending Policy”, what does that mean?

08 Nov 2011, written by

A spending policy applies only to endowed funds and specifies the annual payout rate that is predicted to ensure preservation of principle. The policy is reviewed annually and is set in conjunction with the policy determined by The Seattle Foundation. The spending policy is available upon request: call 378-1001. Non-endowed funds may request allocations that include both principle and earnings.

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