aaronhamlin

I'm the executive director of The Center for Election Science (www.electionscience.org). We study and advance better voting methods. I also started Male Contraceptive Initiative but am no longer there. I first learned about EA in 2016 and went to my first EA event in 2017. My formal education is in the social sciences and law. You can find my writing and resources at www.aaronhamlin.com. Also at: https://twitter.com/aaronfhamlin, https://www.linkedin.com/in/aaronhamlin

Comments

Where are you donating in 2020 and why?

Congrats on your giving! I would maybe add a note of caution if you were anticipating deducting fees to Alcor on your taxes. Even though they're a c3, they're providing a service to you. An analogy would be deducting fees for a YMCA gym membership, which is also not tax deductible.

I also say this being an Alcor member myself. Also, here's a resource on charitable giving and taxes I put together that may be useful: https://medium.com/@aaronhamlin/your-guide-to-charitable-giving-and-taxes-a7c0f44c922

List of EA-related organisations

It's interesting that you were working on this as this exact issue came up during a project I was working on with Dan Hageman on directing folks to EA-aligned charities for employer gift matching. You can see the criteria that we set, though we don't have a more exhaustive list that you're attempting.
https://www.matchformore.org/where-should-i-give

List of EA-related organisations

Would you be able to add The Center for Election Science? We would fall under Far Future or Other, though preferably Far Future.

The Center for Election Science (CES) - Empowers voters through voting methods that strengthen democracy. CES accomplishes its mission through research and collaborating to pass ballot initiatives for approval voting. CES maintains that approval voting elects more consensus-style candidates and is more likely to maintain governmental stability over a long time frame in addition to providing near-term benefit.

Thanks!

Getting money out of politics and into charity

Naturally, as the ED for CES, this is my favorite idea!

If you like a post, tell the author!

This is a good suggestion, one I'll keep in mind as I read posts that I find valuable. As someone who appreciates how hard it is to write a complex essay, I can say that it's encouraging to see positive responses alongside critiques. Positive responses register more clearly than an upvote and often include useful information as well.

Five New EA Charities with High Potential for Impact

Thanks for sharing, and I like the easy-to-read format of this post! As a reminder for those considering giving that under the CARES Act (this year only) if you're in the US and don't itemize, you can make up to a $300 above-the-line deduction for cash-only charitable donations.

I'm liking LEEP & Giving Green in particular, but I'm always excited by the charities that Charity Entrepreneurship puts out.

Resources for those thinking of giving below:

CARES Act Details: https://medium.com/@aaronhamlin/a-donors-guide-to-the-cares-act-d07c7db6a5d9

Tax Efficiency & Giving:  https://medium.com/@aaronhamlin/your-guide-to-charitable-giving-and-taxes-a7c0f44c922

Net Salary after Tax deductions US

I've written an entire essay outlining how charitable giving and taxes work. You may find that helpful: https://medium.com/@aaronhamlin/your-guide-to-charitable-giving-and-taxes-a7c0f44c922

How to make the most impactful donation, in terms of taxes?

This is a good point! Katie very likely was considering that and right on target.

How to make the most impactful donation, in terms of taxes?

Hi Katie!

This is a bit of a more complicated question with a number of options. If you like, you can contact me. aaron@electionscience.org. I write a lot in this space: https://www.aaronhamlin.com/articles/#philanthropy

Some options:

  • The gift route is one idea. Though this comes with some complexity as you mention.
  • You could invest the money and wait for longer than one year to be able to deduct the appreciation and the original investment.
  • If you have a match through your employer, this is a great route.
  • If you do clump your donations together, it's worth shooting an email to the charity you're giving to so they have a heads up. Make sure to let them know you're just considering this option and that you're not promising anything. This does two things: (1) it doesn't bind you to a gift if you change your mind for some reason and (2) it lets their philanthropy department know that you haven't dropped off in odd years. They may (or should) worry otherwise.

Other recommendations:

  • A donor advised fund makes giving much easier once you start talking in the thousands and you're using stocks or other non-cash assets.

Also, the highest tax bracket is 37%. https://www.nerdwallet.com/blog/taxes/federal-income-tax-brackets/ [Note that this is only Federal. I should assume that you're talking state and Federal as Gordon pointed out.]

And congrats on your charitable giving plans!

Why SENS makes sense

As someone who started a nonprofit to speed up pharmaceutical drug development, this quote rings very true:

"The amount of money you need to develop these technologies at the early stages is much less than what you need at the later stages, but obtaining money for the later stages, like clinical trials, is much easier because much of the de-risking has already happened. Since philanthropic money is only needed at the early stages, the answer to that question is a relatively tiny amount of money: 500 millions or even 250 millions over a period of 10 years, which is an order of magnitude of what SENS currently has, which is about 5 million dollars per year. 250-500 millions is still a pitifully small amount of money as compared to the kind that's spent in medical research generally."

Disclaimer: The bulk of my recent personal giving ($1k) went to SENS.

Load More