Exercising all this is highly enjoyable and often fun. By contrast, casual, impulsive, scattered, incoherent, or simply reactive, giving, is far less effective or satisfying. A charitable gift of capital today, in exchange for a specified annuity payment from the charity until a specified point in time. Private foundations are incorporated to hold and manage charitable endowments. See above, pp.
Charities can sometimes raise needed funds more readily by loans rather than gifts.
Giving money away is easy, but investing it for charitable purposes, like other investments, requires more care and skill, and for that reason yields greater rewards. Even small gifts, strategically placed, can make tremendous differences in quality of life. Claude Rosenberg, a retired successful investment manager in San Francisco, believes that people of high net worth should base their calculations of how much they can afford to give each year, not just on their salary income, but on their total investment assets. The cost of the gift to the donor is the original purchase price of the stock, minus the capital gains tax one would have had to pay, and minus the amount saved in income taxes from that itemization. The value of the gift to the charity, on the other hand, is the full appreciated value of the stock - often a major gift for that charity.