Hacker News new | ask | show | jobs
by colinsidoti 3565 days ago
I really like the idea of a pledge for founders but worry about the particular features available here.

The biggest red flag for me is that Founder's Pledge is touted as "completely free," but makes no mention of investment options being available for your assets.

So, while it may not be deducting an administrative fee, keeping your charitable assets with them is akin to leaving your 401(k) assets in cash, which will normally result in you having less funds to donate than if you had used a traditional Donor Advised Fund.

Unless a founder plans on distributing all of their charitable assets immediately (which I believe is atypical), I hope Founder's Pledge discloses that it may be in their best interest to transfer their funds to a Fidelity Charitable or Schwab Charitable DAF where assets can grow.