My wife and I are currently allocating 10% of my income to “giving later” , investing the funds 100% in stocks in the interim.
We will likely make our regular donation to the donor lottery this year, which will come out of these funds. I would consider giving more to the donor lottery, but on first glance I am less excited about needing to put money into a DAF or equivalent if we win because it is less flexible than money in an investment account.
If users have thoughts on the ideal vehicle to put “giving later” funds in, I would be interested to hear. I currently feel good about it being fairly flexible, such that it could be spend on things that are not charities or 501c3s. I am currently keeping it in a fairly standard investment account.
My wife and I are currently allocating 10% of my income to “giving later” , investing the funds 100% in stocks in the interim.
We will likely make our regular donation to the donor lottery this year, which will come out of these funds. I would consider giving more to the donor lottery, but on first glance I am less excited about needing to put money into a DAF or equivalent if we win because it is less flexible than money in an investment account.
If users have thoughts on the ideal vehicle to put “giving later” funds in, I would be interested to hear. I currently feel good about it being fairly flexible, such that it could be spend on things that are not charities or 501c3s. I am currently keeping it in a fairly standard investment account.
I don’t have much thoughts on this myself, but you might find the post Donor-Advised Funds vs. Taxable Accounts for Patient Donors useful.
Some other potentially useful resources:
[Question] Pros/Cons of Donor-Advised Fund
Posts tagged Investing
Posts tagged Patient Altruism
(Personally, I’m just using a fairly standard investment account as well, but this isn’t the end point of lots and lots of careful deliberation.)