are required to expend a minimum of an amount equivalent to five percent of the value of their invested assets each year, for either grants or operating expenses.

Question

Quizplus · Accepted Answer

Foundations are required to expend a minimum of an amount equivalent to five percent of the value of their invested assets each year, for either grants or operating expenses, as per the legal requirement of the IRS. Corporations and religious entities are not subject to this requirement. Charitable remainder trusts also have a similar requirement, but they are not included as an option in the question.

Are Required to Expend a Minimum of an Amount Equivalent