I know the Internal Revenue Service requires private foundations to distribute five percent of their assets each year. Does the same requirement cover donor advised funds?
No. The IRS does not have a distribution requirement for donor advised funds. Calvert Foundation, however, requires its donors to contribute 5% each year to nonprofits (501(c)(3) organizations that support causes of special interest to you. If your account sits idle for more than three years, Calvert Foundation will contact you to ask you for grant recommendations.
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