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Reply to "How Much Do You Give Annually to Charity?"
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[quote=Anonymous][quote=Anonymous]$325K HH income; give about $40k annually. Rather than giving cash directly, for the tax benefits, every two years we put about $80k in a donor advised fund. (This means it costs us maybe 2/3 of that amount, net of tax savings). Then we give it from that gradually over the two years. I'm a big fan of Givewell, which researches the most effective charities. We give most of our money to their recommended charities. (https://www.givewell.org/about if you're interested in learning about their approach.) But it doesn't depend just on income, but assets and needs. If you have no children, you should be able to give more; if a special needs child or parents who need help, less, etc. [/quote] That's terrific. [/quote]
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