Should Foundations Live Forever?: The Question of Perpetuity

A companion to The Great Philanthropists and the Problem of “Donor Intent,” author Martin Morse Wooster considers whether the legal life of foundations should be limited to prevent successor trustees from ignoring the donor’s intent. This volume surveys past congressional attempts to limit foundation perpetuity and offers case studies of donors who have put legal limits on their own foundations, setting a termination date and requiring the foundation to pay out all its assets.