I agree with this in principle; however there are some practicalities that go the other way. One in this domain is that investment performance is likely anti-correlated with donation effectiveness. In other words, if the economy is booming and your investments are performing well, then you should expect charitable giving opportunities to be worse; on the other hand if there is a global recession and your investments are tanking, it’s likely there will be unusually good giving opportunities. Or to put it another way, there are advantages to countercyclical giving.
I agree with this in principle; however there are some practicalities that go the other way. One in this domain is that investment performance is likely anti-correlated with donation effectiveness. In other words, if the economy is booming and your investments are performing well, then you should expect charitable giving opportunities to be worse; on the other hand if there is a global recession and your investments are tanking, it’s likely there will be unusually good giving opportunities. Or to put it another way, there are advantages to countercyclical giving.