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That knife cuts both ways though. If you put $500M in the DAF and then it goes up 10x before you distribute it to charity you don't get to take a $5B deduction.
by khuey 8y ago
That knife cuts both ways though. If you put $500M in the DAF and then it goes up 10x before you distribute it to charity you don't get to take a $5B deduction.
- Woberto 8y agoMaybe you should though. The people receiving the increased donations would probably support that - you did well and increased the value of your donation, so you can be rewarded for that.
- darawk 8y agoThe point of the donation is that you've given up control. If I give you 1 share of Facebook, it is now yours to hold or sell. So, you are responsible for any gains or losses on that asset from that point forward, which is why the value at the time of the donation is used.