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That is absurd. Charities know about interest rates. If that is the best way to use money (and you choose an effective charity) that is what they will do. But t
by glomph 13y ago
That is absurd. Charities know about interest rates. If that is the best way to use money (and you choose an effective charity) that is what they will do. But the fact is they can get better returns now by either spending your money on fundraising/awareness or by having real impact now.
Spending money on achieving their goals in the present is not only what they are for but will also reduce future costs. Prevention is better than cure.
Also there are problems that need solving now. If the current generation of philanthropists all wait until they die then there will not be enough money to solve problems that exist in the present.
Why would you think that you know how to use money to achieve a goal better than an organization built around that goal?
- cbr 13y ago"If that is the best way to use money (and you choose an effective charity) that is what they will do." There are actually a lot of legal constraints on charities that make "invest the money for decades and then spend it" not work well for them. If you think this is what makes the most sense at this point you pretty much need to do it yourself, potentially with a donor-advised fund. "Prevention is better than cure." Sometimes. There are tradeoffs, and depending on what you're working on either can be more efficient. (I agree with your bottom line, that giving money now is important, but for different reasons.)