CMF partnered with the research team at the Dorothy A. Johnson Center for Philanthropy and Plante Moran Financial Advisors to update, deepen and expand critical research around the relationship between the mandated 5% payout rate and actual distribution rates of private foundations. The resulting study, released in December 2020, is among the most comprehensive snapshots of payout data available to foundations to date. Join us for a conversation with the leaders and research teams from CMF, the Johnson Center and Plante Moran Financial Advisors , lifting up key findings as we explore what the data tells us. CMF member foundation staff and trustees are invited to engage in open dialogue with us around how this data comports or contrasts with your own organization's policies and practices, and how you may be using the data to forecast your own immediate and long-term goals for your investment returns, impact investing strategies, grantmaking goals and immediate needs your foundation seeks to address. Our hope is that these insights are helpful for the full philanthropy ecosystem - foundations, nonprofit partners, policymakers and more ? all those who are working together to catalyze equitable systemic change for the good of all.