Lumifer comments on Practical Limits to Giving Now and The Haste Consideration - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (12)
Not "give money" -- the charity still doesn't get the money until it actually gets the money. What you give now is a promise that the trust in the future will give the charity something.
For example if the trust plans to disburse the money in 10 years, but the charity closes down in 5 years, have you given it anything?
Do you think the potential future you will also consider this scenario to be a "failure mode"? :-)
But yeah, you can use a trust as a precommittment device. However unless you're committing at least $100K or so to it I don't think it's worth the bother. You will need lawyers to set it up anyway, you'll have to maintain it, if you get cheap lawyers and they screw things up IRS might show up and be very unpleasant about it...