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I’ve always felt that the this concept, applied to charitable donations, would be killer. In particular, I want: - an app like m1 finance where I can build a
by dchuk 4y ago
I’ve always felt that the this concept, applied to charitable donations, would be killer.
In particular, I want:
- an app like m1 finance where I can build a “pie” of charities to donate to on a recurring basis, selected from a vetted list of upstanding charities
- to clearly see how the charities use the funds, and how the app covers its own costs
- for any contribution I make, I can see the tax benefits I’ll receive for making it (I know that’s probably super hard, but if someone can figure that out, I guarantee you’ll see a spike in charitable giving)
I (probably naively) think that a product like this could help eliminate a ton of social issues by better funding charities than the current system
- soulofmischief 4y agoStep 2 is the hard part. How do you break down a "marketing and advertising" budget consistently? You'll find most charities purposefully do not have detailed insight into these accounts.
- qwerty3344 4y ago> to clearly see how the charities use the funds https://www.charitynavigator.org/ https://www.charitynavigator.org/ is a start
- dchuk 4y agoThis is pretty darn close to the idea I'll admit. I still think the tax benefits breakdown is a killer feature everyone is missing, and it could be even simpler to pick charities and contribute (like M1, or even all the way like Betterment)
- Vinnl 4y agoApart from that last point I think that's pretty much https://www.givingwhatwecan.org https://www.givingwhatwecan.org
- midenginedcoupe 4y agoSounds a bit like https://kiva.org https://kiva.org
- melony 4y agoYou just described a Donar Advised Fund.