fund beneficiary - option for $ amount
Would like the option to assign a single fund w/some beneficiaries set $ amounts, and remaining spendable pool granted to either single beneficiary or multiple beneficiaries by percentage. Example: Washington State Pup Fund's agreement specifies annual distributions per spending policy be allocated as $1k each per Short-Hair Dog Fund and Hairy Dog Fund, and the remaining balance split 50%/50% between Hyper Dog Fund and Lazy Dog Fund.
3
votes
Boyer, Kristin
shared this idea
Because fund beneficiaries require a percentage, most foundations with fixed dollar grants will create a recurring grant that is processed prior to spendable grants.