I think thatās a reasonable positionāthe arguments for investing to give seem pretty strong to meāand that it makes sense to share it here :)
Perhaps the title should really be interpreted as āWhat are you doing with your altruistic budget in 2020 and why?ā Some of those actions might not be strictly ādonationsāāe.g. giving to support a specific person to have an impact (without them being a registered charity), or investing to give later.
I think if I was investing to give with my GWWC 10%, Iād probably do so via a donor-advised fund, as that feels a bit more in-keeping with the pledge to me (as well as a bit more safe from value-drift). But thatās just my tentative viewāI donāt see anything about this on GWWCās FAQ, from a quick skim.
I think if I was investing to give with my GWWC 10%, Iād probably do so via a donor-advised fund, as that feels a bit more in-keeping with the pledge to me (as well as a bit more safe from value-drift)
Thatās a very fair point about value drift. I still need to look into DAFs a bit more. The only reservation I currently have is that, to my knowledge, you can only give to charities from a DAF, and there are a lot of great giving opportunities that arenāt charities (GPI being one example).
As for being in-keeping with the GWWC pledgeāI never interpreted the pledge as meaning youāre supposed to give at least 10% on a constant basis, but instead at least 10% over the course of your life. But I do accept the former strategy counters against value drift. Iām hoping to get back into frequent giving at some point in the near future!
EDIT: Iām wrong. The pledge FAQs says āThe spirit of the Pledge is to donate on an ongoing basis, rather than letting ādonation debtā build up over many years.ā I can understand why they say this from a value drift perspective but as MichaelA says they donāt seem to address how best to āinvest to giveā.
If I recall correctly, in a Facebook thread in the GWWC group, Julia Wise indicated that she thought giving to a DAF would be in-keeping with the spirit of the Pledge, but (maybe) that just investing regularly with the intention of giving later wouldnāt be. But I may be misremembering, and I donāt know if this was codified somewhere, so maybe I/āyou/āsomeone should reach out to Luke Freeman (who now runs GWWC) or start a public discussion about this.
I think thatās a reasonable positionāthe arguments for investing to give seem pretty strong to meāand that it makes sense to share it here :)
Perhaps the title should really be interpreted as āWhat are you doing with your altruistic budget in 2020 and why?ā Some of those actions might not be strictly ādonationsāāe.g. giving to support a specific person to have an impact (without them being a registered charity), or investing to give later.
I think if I was investing to give with my GWWC 10%, Iād probably do so via a donor-advised fund, as that feels a bit more in-keeping with the pledge to me (as well as a bit more safe from value-drift). But thatās just my tentative viewāI donāt see anything about this on GWWCās FAQ, from a quick skim.
Thatās a very fair point about value drift. I still need to look into DAFs a bit more. The only reservation I currently have is that, to my knowledge, you can only give to charities from a DAF, and there are a lot of great giving opportunities that arenāt charities (GPI being one example).
As for being in-keeping with the GWWC pledgeāI never interpreted the pledge as meaning youāre supposed to give at least 10% on a constant basis, but instead at least 10% over the course of your life. But I do accept the former strategy counters against value drift. Iām hoping to get back into frequent giving at some point in the near future!
EDIT: Iām wrong. The pledge FAQs says āThe spirit of the Pledge is to donate on an ongoing basis, rather than letting ādonation debtā build up over many years.ā I can understand why they say this from a value drift perspective but as MichaelA says they donāt seem to address how best to āinvest to giveā.
If I recall correctly, in a Facebook thread in the GWWC group, Julia Wise indicated that she thought giving to a DAF would be in-keeping with the spirit of the Pledge, but (maybe) that just investing regularly with the intention of giving later wouldnāt be. But I may be misremembering, and I donāt know if this was codified somewhere, so maybe I/āyou/āsomeone should reach out to Luke Freeman (who now runs GWWC) or start a public discussion about this.
Giving to a DAF is definitely within the spirit of the pledge and many members do this. Weāll be updating the big long FAQ page soon but in the meantime this is one of the FAQs on the Pledge page.