Why not donate it to your employees?
YC and Founders Pledge
11–20 of 99 posts
Re: YC and Founders Pledge
#12This is amazing. However, what we need even more is a pledge for e.g. responsible disruption.
So companies could devote say 1% of their resources to modeling their effect on the world and compensating for (or designing away) the negative externalities they unintentionally impose. I know that is a much harder problem though, and I hope lessons from Founders Pledge can be applied toward it.
Kudos to the team for putting this together though — it's a great initiative.
Re: YC and Founders Pledge
#13I think this is a neat idea but I wish they would explain this in a simple sentence on their site instead of all the mumbojumbo. Something like This is a Donor-Advised Fund that is completely free to participate in. Donor-Advised Funds are the best way to give when you have a major liquidity event because: Reason 1 Reason 2 Reason 3 Join a community of people who want to do the same. This is useful for you because: R…
Yeah it wasn't clear from reading this article whether or not doing this up front has tax or other benefits that allow the ultimate donated amount to be larger, or it is just a precommitment device.
Re: YC and Founders Pledge
#14This is a good initiative. Muslims like me have to already give out a fifth (%20) of their earnings every year called Khums https://en.wikipedia.org/wiki/Khums
We also believe from numerous Hadith's that the money comes back in double for those that give. As they say, you can't take with your palms closed.
Re: YC and Founders Pledge
#15I think this is a neat idea but I wish they would explain this in a simple sentence on their site instead of all the mumbojumbo. Something like This is a Donor-Advised Fund that is completely free to participate in. Donor-Advised Funds are the best way to give when you have a major liquidity event because: Reason 1 Reason 2 Reason 3 Join a community of people who want to do the same. This is useful for you because: R…
> Donor-Advised Fund This sounds more like mumbojumbo to me
It's a common term in this context, but would agree it's not completely Plain English either:
Re: YC and Founders Pledge
#16This is a good initiative. Muslims like me have to already give out a fifth (%20) of their earnings every year called Khums https://en.wikipedia.org/wiki/Khums We also believe from numerous Hadith's that the money comes back in double for those that give. As they say, you can't take with your palms closed.
Do you consider earnings to be "spoils of war"? Or has the tradition just evolved to include all income.
Re: YC and Founders Pledge
#17I think this is a neat idea but I wish they would explain this in a simple sentence on their site instead of all the mumbojumbo. Something like This is a Donor-Advised Fund that is completely free to participate in. Donor-Advised Funds are the best way to give when you have a major liquidity event because: Reason 1 Reason 2 Reason 3 Join a community of people who want to do the same. This is useful for you because: R…
> Donor-Advised Fund This sounds more like mumbojumbo to me
It's a common way to claim tax benefit now, but control (to some extent) giving in the future. E.g.,
Re: YC and Founders Pledge
#18I wish Founders Pledge wouldn't break scrolling or include gratuitous, contentless animations. I also learned far more about what they do from Sam's blog post than from their website.
I can't view any of the individual donors on Chrome. I scroll to the section, see the top of a couple heads, and as I keep going down the page it reverse-scrolls a white bar and it's all gone.
What is this style of page? I see it everywhere, most egregiously Medium, where the title and some enormous graphic take up the first full screen and I have to scroll just to get to the content. I can't imagine it converts well, but I also can't imagine so many people using it if it doesn't.
Re: YC and Founders Pledge
#19I think this is a neat idea but I wish they would explain this in a simple sentence on their site instead of all the mumbojumbo. Something like This is a Donor-Advised Fund that is completely free to participate in. Donor-Advised Funds are the best way to give when you have a major liquidity event because: Reason 1 Reason 2 Reason 3 Join a community of people who want to do the same. This is useful for you because: R…
Yeah it wasn't clear from reading this article whether or not doing this up front has tax or other benefits that allow the ultimate donated amount to be larger, or it is just a precommitment device.
It allows you to significantly mitigate tax in high-income years (e.g., an exit) while providing a steady flow of money to charity even in lower income years.
Re: YC and Founders Pledge
#20This is a good initiative. Muslims like me have to already give out a fifth (%20) of their earnings every year called Khums https://en.wikipedia.org/wiki/Khums We also believe from numerous Hadith's that the money comes back in double for those that give. As they say, you can't take with your palms closed.
Do you consider earnings to be "spoils of war"? Or has the tradition just evolved to include all income.
That depends, for my sect, Shia, it's solely business profit. If no profit, then no Khums.