You could give 66 people $250 a month forever[1]. 20,000 individuals spends all of the endowment immediately.
[1] Assuming 3% inflation, 7% investment returns, and the foundation is spending 4% on payouts.
You could give 66 people $250 a month forever[1]. 20,000 individuals spends all of the endowment immediately.
[1] Assuming 3% inflation, 7% investment returns, and the foundation is spending 4% on payouts.