David Emerson

Payout issue raises profile of foundation assets

In December 2010 the UK Government included within its Green Paper on ways to encourage giving in England and Wales a deceptively short and speculative paragraph which proposed ‘that foundations should make a minimum pay out annually, as is the case in some other countries, as this could result in extra income for charities’. The concept of mandatory payout is one that has not been actively considered in the UK.