I am looking for a perpetual fund I could donate to that grows donations over time and donates a percentage of the annual growth.
For example (What I would ideally want): I put 100€ into the fund, they put it in the stockmarket or other (relatively) safe assets, it grows an average of 6% per year, 1-3% of which is donated to something like ACE recommended charities, 3-5% is reinvested. In the first year I effectively only donate 1-3€ instead of 100€, but over 30+ years my donation has overall more impact then donating now, and it continues to have an impact hopefully indefinitely.
Why I would be a fan of donating this way:
- I am rather pessimistic and think that animal exploitation will not end in my lifetime, so I think it is very likely the donation will have higher impact like this overall.
- I am a fan of compounding interest, expecially over durations longer than one human lifespan. (Such as Benjamin Franklins donation of 1000$ to Boston/Philadelphia which has paid out millions by now)
- I will most likely remain childless and would want to have my life savings also donated like this, so the positive impact of my money is my legacy so to speak.
- It eliminates a risk that I completely change as a person and no longer see Animal Liberation as my main goal down the line. (I hope this never happens of course, but the risk is there if I just put the money in the stockmarket and donate to ACE myself)
Potential risks I see:
- Its difficult to ensure that the money is well spent and fund well managed decades or centuries in the future, and that it keeps to its original goal. The fund would need incredibly good governance.
- Climate Change, Nuclear War, Asteroids, AI etc might end humanity on a shorter timeframe then the 30+ years this strategy would need to be more effecitve overall.
Anyone knows of any funds like this? Thanks!