Donor Advised Funds with no minimum contribution requirements
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Fidelity Charitable and Schwab Charitable recently eliminated the minimum initial contribution requirements for their donor-advised funds.Â
Fidelity and Schwab are major financial services companies. Their nonprofit arms operate donor-advised funds (DAFs), which are tools to make donating more convenient and tax-efficient (see Aaron Hamlin’s succinct summaryfor more info). Like many financial services companies, Fidelity and Schwab previously required customers to contribute ~$5,000 in order to open a DAF. Now, they’ll let you open a DAF with any initial contribution.
This is particularly exciting for donors interested in patient philanthropy: the idea that we could maximize the impact of our donations by donating later. To learn more about patient philanthropy and see if this approach might be right for you, see:
Just how powerful are large swarms of AI agents? And how do their powers scale as more and more agents are added to the swarm?
We’ve seen two large and extremely capable swarms from OpenAI in the last few months:
* 1,200 agents were being evaluated separately, but found a way to illicitly set up a message board and coordinate as a swarm. In order to cheat on their tests, they developed advanced techniques to prevent their actions being logged by OpenAI and 700 of them launched...
note: crosspost from my substack
As a vegan for almost thirty years, I’ve long had second thoughts about how effective veganism is for helping animals. I am not alone in this. Recently others have expressed doubts about veganism (see for instance here,...
TLDR: Everyone’s talking about what the money could do, but few about how to decide where it goes.
This post is part of the new series of articles on cross-cause giving and the new wave of philanthropy. Stay tuned to the EA Forum and our Substack for the latest takes on topics such as giving now vs. later, common pitfalls in cause prioritization, and other crucial considerations from the Cross-Cause Fund (CCF) team...
Donor Advised Funds with no minimum contribution requirements
Â
Fidelity Charitable and Schwab Charitable recently eliminated the minimum initial contribution requirements for their donor-advised funds.Â
Fidelity and Schwab are major financial services companies. Their nonprofit arms operate donor-advised funds (DAFs), which are tools to make donating more convenient and tax-efficient (see Aaron Hamlin’s succinct summary for more info). Like many financial services companies, Fidelity and Schwab previously required customers to contribute ~$5,000 in order to open a DAF. Now, they’ll let you open a DAF with any initial contribution.
This is particularly exciting for donors interested in patient philanthropy: the idea that we could maximize the impact of our donations by donating later. To learn more about patient philanthropy and see if this approach might be right for you, see:
Now that it’s easy to open a DAF with a contribution of any size, it’s a great time to consider patient philanthropy.
Cheers to the Giving Season!!
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*Special thanks to Cameron Meyer Shorb (Wild Animal Initiative) for the feedback!
This is really good news and reduces the barrier to utilize a great giving tool. Thanks so much for sharing this!