Maybe the Nobel people should think of doing the same.
“Maybe the Nobel people should think of doing the same.”
Exactly! It seems sometimes as if they are straining to come up with winners, and that dilutes the value of those awards that were truly earned. Let them skip a year or two here and there.
I know, tho, at least in the US, that foundations must, by law, spend a given % of their assets (5% , I think) to maintain the foundation’s tax benefits.