Why this billionaire philanthropist is calling out donor advised funds

[@MatthewAidan4ns]

Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.

[@TeddyAlexanderv6]

Making profitable investments during this time of political change can be risky without that insight. For me, working with an adviser is the best first step to navigate these complexities and make informed choices.

[@NikolasMartine01]

I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.

[@OscarBarnaby3k]

Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@NikolasMartine01]

Nicole Anastasia Plumlee can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@OscarBarnaby3k]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.

[@CxDubxU]

Why 15 years? Why does it have to wait so long. It should be 1 year

[@ahamed4152]

I think it will lead to waste if you are forced to give it away in 1 year.

[@CxDubxU]

@@ahamed4152 because sitting on it for 15 years is somehow not wasting it?

[@ericp1139]

To give the illusion that they are doing something.

[@vincem2759]

Because it could grow and make more money which would in theory be great for the charity.

[@ahamed4152]

@@CxDubxU if it goes to the right place no. Most people have lives and want to make sure it goes to the right place. Its not like you can take back the money it will go to a charity the question is when.

[@jordanscoville3909]

wow. why wait at all. next years budget, wouldn't it rollover???

[@TheM0joDoj0]

Charities don't work anyways. The ROI on charitable donations is not to create tangible development for those getting the donations. It's just the tax break itself. That's why China has done more for Africa in 20 years of infrastructure investment(not charity) than America has in 70 years charitable donations. Not expecting anything in return can be a bad thing sometimes. Investment means China's ROI only happens as Africa sees tangible development to boost economic trade activity between the 2 regions. While the US throwing old Super Bowl T-Shirts and bottled water at them has only destroyed their textile industry and trashed their waterways with plastic bottles. But the donors still get the tax breaks and feeling of altruism regardless of what happens to Africa.

[@reginoldthornberry2199]

I can donate things to my donor advised fund that are way overvalued that no charity would accept. Like a big thing now is to donate NFT duplicates after market value is "proved" at auction. Donor advised funds need to end or become cash/real estate only (with 50% deduct cap for real estate).

[@davidphillips2510]

ill Oh Hailie Jade is into me myself and I. At Kansas City, MO OK?