My question is this: At some point I will inherit a lot of money, somewhere between 5 and 10 million dollars in todays money. My aim is to give it away. A few years ago I was made aware that it is unusual for charities to "grow" their money, since risking donor money is frowned upon, leaving charitable organizations with a large competitive disadvantage compared to other companies. This has always seemed silly to me, so what I would really like to do is something like make a trust (index)fund where something like 3 percent of the money was paid to EA per year. But I dont really know much about this stuff, I was wondering if someone here knows more about it. Is this smart? Are there funds out there already that are iron-clad? What is the best way to set up something like this? A trust fund?
I think Good Ventures manages their own money so you could give some in a lump sum to them, though you'd lose control over it. If you did that you would want to make sure you didn't regret it. (A trust fund would be different because you could control where it went), but this would be less hassle.
A US private foundation like Good Ventures is a poor fit for what the poster wants because it is subject to a requirement to spend at least 5% of its assets each year. A donor-advised fund is a much better choice here, I think.