In this framework, I propose that Xnder ³amoXnt of mone\ to donate ́ Ze bXndle considerations relating to taxes, weakness of will and uncertainty as well as financial investment.
One thing I think is missing from the “how much you should donate” section above is a discussion about what kind of job the person is doing. Should the percentage be the same for someone doing Earning to Give vs someone working on a direct cause area?
IMHO this is a very personal, case-by-case calculation.
A person will donate what they can rather than just a fixed percentage. But this can depend on many factors, not just jobs / income, but also expenditures (do they have kids? are they paying off college loans? a mortgage? …) and potential risks (what if they lose their job? what if one of the kids gets sick? …).
That said, I believe there is a huge opportunity to maximise the “what they can donate” with a more structured approach. Today we have a very simplistic all-or-nothing donation model. For every dollar or euro you have, you either donate it (and lose it forever) or you don’t donate it at all. I believe there could also be a happy-medium, I’ve started a draft post on that …
One thing I think is missing from the “how much you should donate” section above is a discussion about what kind of job the person is doing. Should the percentage be the same for someone doing Earning to Give vs someone working on a direct cause area?
IMHO this is a very personal, case-by-case calculation.
A person will donate what they can rather than just a fixed percentage. But this can depend on many factors, not just jobs / income, but also expenditures (do they have kids? are they paying off college loans? a mortgage? …) and potential risks (what if they lose their job? what if one of the kids gets sick? …).
That said, I believe there is a huge opportunity to maximise the “what they can donate” with a more structured approach. Today we have a very simplistic all-or-nothing donation model. For every dollar or euro you have, you either donate it (and lose it forever) or you don’t donate it at all. I believe there could also be a happy-medium, I’ve started a draft post on that …