Net Present Value: Why this name
This is the best of my other blog Net Present Value that I started when BN was still in beta....on September 11, 2002
Why this name
I just read a great article on nonprofits and the need for them to give away their money faster, even at the expense of shutting themselves down once the money runs out. The two name contenders that were inspired by this article were:
5 Percent - This comes from the minimum foundations are required to give away each year; most of these foundations are set up to exist in perpetuity since their founders want immortality.
Net Present Value - The term used to ascribe the value of all future giving, with the farther out the giving, the lower its current value. Thus a $100M foundation that gives away only the minimum 5% of its assets each year is in fact worth only $50M.
Enjoy Net Present Value!