000			01726pab a2200193 454500
008			180718b2014 xxu||||| |||| 00| 0 eng d
100			_aStewart, Amanda J.
245			_aAdministrative growth and grant payouts in Nonprofit Foundations: Fulfilling the public good amid professionalization?
260			_c2014
300			_ap.630-639.
362			_aSep-Oct
520			_aThe Tax Reform Act of 1969 remains the core governing policy for the U.S. foundation sector, primarily for its qualifying distributions mandate, which ensures a baseline spending of foundation assets toward charitable purposes. However, implementation of this policy required additional foundation administrative resources and contributed to significant professionalization of the foundation sector. This article focuses on the payout requirement's potential paradox of accountability, as administrative expenses can be counted toward fulfilling foundationsﾒ qualifying distributions. Using a 14-year panel of grantmaking foundations, the analysis seeks to understand whether professionalization, measured by operating and administrative expenses, contributes to or crowds out grantmaking. Findings indicate that professionalization of the foundation sector has a small yet practically and statistically significant positive association with foundation grantmaking. From a policy perspective, the current structure of the qualifying distributions mandate does not appear to lead to a crowding out of grant allocations as administrative expenses grow. - Reproducin
650			_aNonprofit organizations
650			_aPublic administration
700			_aFaulk, Lewis
773			_aPublic Administration Review
908			_aN
909			_a106298
999			_c106293 _d106293