I understand if you can’t answer this or can’t provide a specific answer, but could you share:
1) approximately how much your companies were acquired for, and
2) how you’ve donated/managed the money since then (i.e. did you donate most of it ASAP and no longer donate much, or did you invest and now donate a steady amount each year, etc).
Unfortunately I can’t disclose the acquisition price. I put donations into a DAF immediately after the acquisition, for tax reasons, but I think have distributed only ~20% so far. I also calculated that it was more tax effective to cut my salary than to donate to CEA and have that money go to my salary, so I did that (and didn’t put some money into the DAF as a result).
I understand if you can’t answer this or can’t provide a specific answer, but could you share:
1) approximately how much your companies were acquired for, and
2) how you’ve donated/managed the money since then (i.e. did you donate most of it ASAP and no longer donate much, or did you invest and now donate a steady amount each year, etc).
Thanks!
Unfortunately I can’t disclose the acquisition price. I put donations into a DAF immediately after the acquisition, for tax reasons, but I think have distributed only ~20% so far. I also calculated that it was more tax effective to cut my salary than to donate to CEA and have that money go to my salary, so I did that (and didn’t put some money into the DAF as a result).