Giving in Time

Giving in Time

Monday, April 4, 2016

“There is no fact in history which posterity will find it more difficult to understand, than the idea of perpetuity,” wrote John Stuart Mill about foundations in 1833. With more than US $1 trillion set aside in private foundations and donor-advised funds, with only the former subject to an annual (and small) payout rule, these funds can sit more or less untouched over generations. Foundations have the legal capacity to exist in perpetuity and many are designed to do so. However, we hear today, from those both inside and outside the philanthropic community, about the importance of “Giving while Living” or spending out soon after the death of the initial donor.

How should we think about the lifespan of a philanthropic endowment? How might philanthropy balance its responsibility to the present with is obligations to the future? This public event brought together leaders from some of our country’s most prominent foundations to address how they consider the relationship between giving and time.


Cedric Brown, Chief of Community Engagement at the Kapor Center for Social Impact

Emmett D. Carson, Founding CEO of Silicon Valley Community Foundation

Larry Kramer, President of The William and Flora Hewlett Foundation

Clara Miller, President of The F. B. Heron Foundation

Christopher G. Oechsli, President and CEO of The Atlantic Philanthropies

Jeff Raikes, Co-Founder of the Raikes Foundation and former CEO of the Bill and Melinda Gates Foundation

Rob Reich, Faculty Co-Director of the Stanford Center on Philanthropy and Civil Society

Foundation Chiefs Spar on Question of Giving in Perpetuity

Giving in Time

Giving In Time: Perspectives from the Front Lines

Giving in Time

Become a Co-Sponsor

For more information about becoming a co-sponsor, please contact Professor of Law and Forum Convenor Ray Madoff


Event Co-Hosts


Conference Schedule

Thursday, September 18th
5:00 PM

Keynote Address: American Philanthropy in the 21st Century: Challenges and Possibilities

Stanley KatzPrinceton University

5:00 PM - 6:00 PM

6:00 PM

Public Reception and Private Dinner to Follow

Convention on Promoting Meaningful Reform in Philanthropy

6:00 PM

Friday, September 19th
8:00 AM

Light Breakfast

Convention on Promoting Meaningful Reform in Philanthropy

8:00 AM - 8:30 AM

8:30 AM

Welcome and Philanthropy by the Numbers

Brian GalleGeorgetown University Law Center
Jon BakijaWilliams College

8:30 AM - 8:59 AM

8:59 AM

What Makes an Organization "Charitable" and Should All Charities Be Treated the Same?

Miranda FleischerUniversity of San Diego School of Law
Rob ReichStanford University

8:59 AM - 10:00 AM

10:00 AM


Convention on Promoting Meaningful Reform in Philanthropy

10:00 AM - 10:15 AM

10:15 AM

Reconsidering the Distinction Between Private Foundations and Public Charities

Evelyn BrodyChicago-Kent College of Law
Roger ColinvauxColumbus School of Law, The Catholic University of America

10:15 AM - 11:15 AM

11:15 AM

Taxation of Endowments

Daniel HalperinHarvard Law School
Henry HansmannYale Law School

11:15 AM - 12:15 PM

12:15 PM


Convention on Promoting Meaningful Reform in Philanthropy

12:15 PM - 1:30 PM

1:30 PM

Donor Advised Funds and Payouts

Alan CantorAlan Cantor Consulting
Eugene SteuerleUrban Institute

1:30 PM - 2:30 PM

2:30 PM

Coffee Break

Convention on Promoting Meaningful Reform in Philanthropy

2:30 PM - 3:00 PM

3:00 PM

Payout, Perpetuities, and Private Foundations

Paul BrestStanford Law School
Peter FrumkinUniversity of Pennsylvania
David MorseThe Atlantic Philanthropies

3:00 PM - 4:00 PM

4:00 PM

Other Topics and Where Do We Go From Here?

Ray MadoffBoston College Law School
William BagleyBoston College Law School

4:00 PM - 5:00 PM

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