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?
OK, seems like a DAF might be the way to go. Although i will look into the patient philanthropy fund and perhaps talk to a tax lawyer/aaron hamlin and generation pledge. I am afraid my parents would not be particularly pleased to know I am giving it away, so I will have to inherit it first. Then again, Norway does not have inheritance taxes atm, so any taxes would be small. Besides, most of the money is in the form of artworks. Just to be clear:I do intend to leave my son a small apartment, which in Oslo costs about 3-400000 perhaps. On the other hand, we are donating about 10% of our income each year, which I would also like to go into a fund that could increase in size rather than just being spent directly. Thanks everyone.