Has anyone ever thought of doing incentive based pledges with their charitable giving?
Incentive pledge: I will live off of X amount of money, but this figure increases by Y for every $100,000 I donate or pledge to donate.
Example: I will live off of $30,000 in 2020 dollars for the rest of my life and the rest will be donated to charity, however this amount increases by $1000 for every $100,000 I donate (or I will donate at some future date).
Under this incentive pledge, for every $1 million in 2020 dollars that the pledger earns (and donates), $10,000 dollars will be added to their yearly allowance. Then if you’re feeling confident you could cap it at a certain level. For example, this could max out at $100,000 yearly allowance or $70,000 or something like that.
This is for someone who wants to essentially take the further pledge, but they aren’t entirely comfortable confining themselves to a fixed amount to live on (adjusted for inflation) forever. Or this is for the person who could see themselves incentivized to give more if they knew their yearly allowance would raise the more they earned.
Is this much better than pledging a certain %, e.g. 50% of everything above $30,000? It seems that is incentive based, because earning more money means both more for charity and more for you.
Has anyone ever thought of doing incentive based pledges with their charitable giving?
Incentive pledge: I will live off of X amount of money, but this figure increases by Y for every $100,000 I donate or pledge to donate.
Example: I will live off of $30,000 in 2020 dollars for the rest of my life and the rest will be donated to charity, however this amount increases by $1000 for every $100,000 I donate (or I will donate at some future date).
Under this incentive pledge, for every $1 million in 2020 dollars that the pledger earns (and donates), $10,000 dollars will be added to their yearly allowance. Then if you’re feeling confident you could cap it at a certain level. For example, this could max out at $100,000 yearly allowance or $70,000 or something like that.
This is for someone who wants to essentially take the further pledge, but they aren’t entirely comfortable confining themselves to a fixed amount to live on (adjusted for inflation) forever. Or this is for the person who could see themselves incentivized to give more if they knew their yearly allowance would raise the more they earned.
Is this much better than pledging a certain %, e.g. 50% of everything above $30,000? It seems that is incentive based, because earning more money means both more for charity and more for you.
That could be a form of an incentive pledge