Author Topic: Annual Donations - Best Vehicle to Donate?  (Read 529 times)

Hey It's Me

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Annual Donations - Best Vehicle to Donate?
« on: May 28, 2018, 04:01:10 PM »
I donate annually a percentage of my wealth in bulk due to religious reasons. In past years, I had donated to a local non-profit, though I'm not sure I like the way this NGO is spending this money. Now I'm wondering if there is a more sustainable way to make a difference in the world as the dollar amount I'm donating becomes larger.

In an ideal scenario, I'd like to put away a percentage of my income annually within a charitable trust of some kind where I have control over distributions. I'd be able to distribute a sustainable percentage of the principal (say 4%) on this trust annually to a cause of my choosing. Can anyone recommend such a vehicle? Or where I can get started with some research?

Considerations
  • Annual donation amount between 5-10K this year
  • Causes I care about: higher education, immigration
  • Taxable event ideally on putting money into the vehicle vs. on distribution
  • Expenses for operating vehicle

katsiki

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Re: Annual Donations - Best Vehicle to Donate?
« Reply #1 on: May 28, 2018, 04:04:37 PM »
https://www.fidelitycharitable.org/

I think that would check all your boxes.