49. Using Technology To Improve Charitable Giving With Adam Nash

Show Notes

A donor advised fund is simply a type of brokerage account, where contributions to it are specifically earmarked for charitable giving. And in exchange, the IRS allows you to realize the entirety of the donation in the year it is made; regardless of how many years it might take you to actually distribute those dollars to the various charitable causes you support.

While one of the major positive effects of supporting charitable causes is simply to feel good about giving, what and how you give can be just as important as how much you give and to whom. Deciding which assets to donate and how best to structure giving is where the real tax strategies of charitable giving come into play. And since you are going to be giving one way or another – either to the IRS or to a cause that you actually care about – you might as well be the one to make that decision.

In this episode, Malcolm Ethridge talks with Adam Nash, the CEO and Founder of Daffy, a not-for-profit organization built around the simple idea that everyone should put something aside for those less fortunate than themselves, to discuss the ways in which Daffy uses technology to improve the giving process. Malcolm and Adam discuss the benefits of the donor advised fund, and how technology and automation can lead to more dollars being donated over time. 

Adam discusses: 

  • The current state of charitable giving and the friction involved in the process 
  • His theory, as well as the numbers that suggest Americans would be more charitable if it were easier to give 
  • The lesser known tax benefits of using a donor-advised-fund compared to simply writing a check and donating cash 
  • The outlook for the nonprofit community and gifting 
  • And more

Resources: 

Connect With Adam Nash:

Connect With Malcolm Ethridge:

About Our Guest:

Adam Nash is the CEO and co-founder of Daffy, a not-for-profit organization built around the simple idea that everyone should put something aside for those less fortunate than themselves. In addition to his work at Daffy, he is an active angel investor, investing in over a hundred companies and he serves on the boards of Shift and Acorns. Before Daffy, Adam held leadership roles at Dropbox, Wealthfront, LinkedIn, and eBay. Adam also holds an MBA from Harvard business school, as well as a bachelor’s and a master’s degree in computer science with a focus on human-computer interaction from Stanford University.



Disclosures:

The information provided is for educational and informational purposes only, does not constitute investment advice, and should not be relied upon as such. It should not be considered a solicitation to buy or an offer to sell a security. The views expressed in this commentary are subject to change based on market and other conditions. This writing may contain statements that may be deemed forward‐looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur. Be sure to consult with your tax and legal advisors before taking any action that could have tax consequences. Investments in securities and insurance products are: NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE

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