Thanks for writing this, I’ve been somewhat skeptical of arguments for patient philanthropy. But at the same time mildly patient philanthropy has lead me to some more easy/sustainable ways to donate over time.
As a US citizen, instead of donating $5000 every year I can donate $1000 every year & invest $4000 every year. Starting in 2026 we can do a tax write off up to $1000 per year in donations even if we take the standard deduction. Then every like 4-7 years when the $4000 per year investment fund reaches around $30,000 (or whatever 30% of my annual income is as that’s the max one can stock transfer donate), I can do a direct stock transfer to GiveWell/EA programs, avoid capital gains, & itemize my taxes so I can get a better $30,000 write off than what the standard deduction offers. All that can make for an extra like $4500 in tax write-offs on net.
Thanks for writing this, I’ve been somewhat skeptical of arguments for patient philanthropy. But at the same time mildly patient philanthropy has lead me to some more easy/sustainable ways to donate over time.
As a US citizen, instead of donating $5000 every year I can donate $1000 every year & invest $4000 every year. Starting in 2026 we can do a tax write off up to $1000 per year in donations even if we take the standard deduction. Then every like 4-7 years when the $4000 per year investment fund reaches around $30,000 (or whatever 30% of my annual income is as that’s the max one can stock transfer donate), I can do a direct stock transfer to GiveWell/EA programs, avoid capital gains, & itemize my taxes so I can get a better $30,000 write off than what the standard deduction offers. All that can make for an extra like $4500 in tax write-offs on net.
Here’s an even better write-up of this & similar ideas
https://michaelgris.com/posts/charity-tax/