Lower your tax bill
Disclaimer / Disclosure long Frec
Never give anyone any money. It is inefficient. Far better to gift your most appreciated assets to kill the embedded taxable capital gains. It is easier than ever to do so with direct indexing. Instead of owning an index fund or ETF, you can now own each of its components directly then gift the most appreciated assets within it.
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I love my DAF. Short version: it allows me to fund it when I want to and gift when I want to. Medium version here. Long version here. You can make donations from Frec to Daffy with no transfer fees.
Caveat
This saves the most taxes when you have something that has appreciated a lot; it saves less on new accounts with little unrealized capital gains.
Conclusion
Earn what you can; give what you want. Philanthropic means and goals vary but it has been one of the most enduring sources of happiness in my life.
