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⚡ One of the best strategies I’ve found when it comes to giving, is giving bitcoin through a DAF (donor advised fund). This is the magic sauce on the magic internet money.
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Why give?
- Take this up between yourself, your spouse, and your religion. I’ve found it can generate tremendous joy, a sense of purpose, increase gratitude while reducing entitlement, and help others in the process.
- For the bitcoiner, immense wealth will be generated. Already has in many cases. As a result, [we have far more than we need](https://www.givingwhatwecan.org/how-rich-am-i?).
Why give bitcoin?
- From a tax standpoint, it’s far better to give assets than cash.
- Give appreciated assets instead of cash = no cap gains tax
- When I sold my last rental property, I tried to give a portion of it and avoid the cap gains. But it didn’t work. Because you can’t give half a house. Bitcoin fixes this because it is infinitely divisible.
When give bitcoin?
- Give today, but HODL your bitcoin in your DAF
- Funds go to nonprofit when you’re ready
- Give regularly, especially in bull market
- Be cautious about trying to time the market with giving at the top
- Give every other year (bunching)
How give bitcoin?
- Use CharityVest if you don’t want to HODL in your DAF
- Use UI Charitable if you want to HODL in your Unchained vault.
- Talk to me. I can walk you through it, or try and point you in the right direction.