A DAF can only give to legally registered charities. If you believe that, say, funding an early-stage startup is the best use of your money, then you can’t do that if you put your money in a DAF
This seems a pretty big drawback to me. Obviously there are loads of great giving opportunities from an EA perspective that aren’t registered charities. At the same time I do like the fact that DAFs can counter against value drift.
I wonder if there’s scope for circumventing this issue by setting up a registered charity that can take donations from a DAF and then forward on to wherever the donor desires. Even an existing charity like CEA could act as a middle man like this. Is this a completely silly idea or a promising one?
I wonder if there’s scope for circumventing this issue by setting up a registered charity that can take donations from a DAF and then forward on to wherever the donor desires. Even an existing charity like CEA could act as a middle man like this. Is this a completely silly idea or a promising one?
I’m not sure about this, but I don’t think charities are allowed to give money to for-profits.
I have just remembered about CEA’s EA Funds though which I understand essentially involves people giving money to CEA and CEA then forwarding the money onto various places, which aren’t necessarily other charities. Therefore it seems that my idea is possible? I don’t know if EA Funds actually gives to for-profits.
Do you know if it possible to give to an EA Fund from a DAF?
Thanks for this very useful content!
This seems a pretty big drawback to me. Obviously there are loads of great giving opportunities from an EA perspective that aren’t registered charities. At the same time I do like the fact that DAFs can counter against value drift.
I wonder if there’s scope for circumventing this issue by setting up a registered charity that can take donations from a DAF and then forward on to wherever the donor desires. Even an existing charity like CEA could act as a middle man like this. Is this a completely silly idea or a promising one?
I’m not sure about this, but I don’t think charities are allowed to give money to for-profits.
Thanks that makes sense.
I have just remembered about CEA’s EA Funds though which I understand essentially involves people giving money to CEA and CEA then forwarding the money onto various places, which aren’t necessarily other charities. Therefore it seems that my idea is possible? I don’t know if EA Funds actually gives to for-profits.
Do you know if it possible to give to an EA Fund from a DAF?
I was able to do this by disbursing to CEA and writing ‘LTFF’ in the comments.
That should definitely be possible.