Suppose someone takes a direct-impact job that directly lowers the salary by double-digit percentage, particularly when changing careers. What is the best rule of thumb for incorporating that into the amount pledged?
Hey @PabloAMC 🔸! Thanks for the question. We think direct work at a charity or nonprofit can be extremely impactful! However, your pledged amount does not change depending on your workplace or occupation. Those of us who work for nonprofits, even if we left higher-paying jobs to do so, still donate our pledged amounts.
If your giving pledge is preventing you from doing more impactful work then it might be appropriate to resign from your pledge. Read more about this in “How permanent is a giving pledge?”.
Just echoing Luke’s response here: When I moved from my corporate job to GWWC, I gave up ~30% of salary I would have had if I stayed. I still give at least 10% of my current salary.
I think I was lucky to be in a high paying role to begin with, and that I get paid a fair salary at GWWC but there definitely was a large financial cost to moving to a non-profit, especially on top of donating min. 10%.
Suppose someone takes a direct-impact job that directly lowers the salary by double-digit percentage, particularly when changing careers. What is the best rule of thumb for incorporating that into the amount pledged?
Hey @PabloAMC 🔸! Thanks for the question. We think direct work at a charity or nonprofit can be extremely impactful! However, your pledged amount does not change depending on your workplace or occupation. Those of us who work for nonprofits, even if we left higher-paying jobs to do so, still donate our pledged amounts.
If your giving pledge is preventing you from doing more impactful work then it might be appropriate to resign from your pledge. Read more about this in “How permanent is a giving pledge?”.
Just echoing Luke’s response here: When I moved from my corporate job to GWWC, I gave up ~30% of salary I would have had if I stayed. I still give at least 10% of my current salary.
I think I was lucky to be in a high paying role to begin with, and that I get paid a fair salary at GWWC but there definitely was a large financial cost to moving to a non-profit, especially on top of donating min. 10%.