timmy wrote: ↑
Tue Jan 02, 2018 7:54 pm
- 2. What is your philosophy or decision making framework on who/what/how much/when?
- 3. Do you give more of your time or money? How much (hours per week or % of income) do you give?
- 4. So as not to stifle the conversation, please refrain from commenting negatively of what folks might be doing.
1. I don't worry about generosity (amount of time or $), the term I would use (maybe of little difference) is service. I want my life and the lives of my children to be marked as servants to others.
2. How much:
I give the greater of 1% of my net worth or 10% of my gross income. For me the last 6 or 7 years it has been 1% of net worth.
I've prioritized three main charities (church, university which provided me a full-ride, and a social service charity supporting childhood grief). Beyond those three I give maybe $5k sprinkled to 5 or 6 other charities each year.
I given whenever they ask and then annually at the specific times associated with each charity. I.e. church in the Fall, University in Jan/Feb, childhood grief in spring in support of their annual fundraising appeal.
I assume you mean what assets? I use a donor advised fund (DAF) and gift my appreciated mutual funds to the DAF as part of my annual portfolio re-balancing effort. I gift my winners to trim them and use cash to buy more of the loser funds.
3. I give both time, money, and expertise. I give about 10-15 hours a month of my time. I give 1% of my net worth per year. I give my expertise whenever asked and to whatever extent the charity requests.