[opo]

>Too many well-intentioned organizations wind up milquetoast tax-exempt hedge funds aimed primarily at self-preservation because the received wisdom is that they should focus on building endowments and keep their withdrawal rates below 4% in order to achieve immortality.

Which charities are giving away less than 4% a year? Charitable foundations in the US are required to give away at least 5% of their endowment a year:

https://www.ncfp.org/wp-content/uploads/2018/09/The-Five-Per...