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Oh but most people think how it works is you give away all your money and if you don't do that you aren't very charitable. However the smart way to donate is k
by boringg 4y ago
Oh but most people think how it works is you give away all your money and if you don't do that you aren't very charitable.
However the smart way to donate is keep principal alive and any money that money makes it goes to the charity therefore ensuring money in perpetuity. You bring up the challenge in the current environment.
- hcknwscommenter 4y ago"smart"? I'm not so sure. That assumes doing good deeds later (forever later really) is more valuable than doing them now/soon.
- boringg 4y agoId say being able to fund people to work on a problem over a long haul has a lot of value. Theres obvious short term needs and funding that is also important. I guess it also depends on how that money is making money
- TuringNYC 4y ago>> "smart"? I'm not so sure. That assumes doing good deeds later (forever later really) is more valuable than doing them now/soon. I can see both sides of the argument here. I think we can at least appreciate many instances of endowments. A great example might be universities...some of which have been around for hundreds of years c/o endowments. It also allows individual programs and facilities to be funded forever so they do not need to fight yearly for budgets. https://www.harvard.edu/about/endowment/ https://www.harvard.edu/about/endowment/