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by Leonidas243
2158 days ago
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Today we only invest in money markets. Asset preservation is our top priority, and we can't ever have balances down in our app. That would be a terrible experience for our donors. So we'll only move beyond money markets with great caution. Our platform automates so much of the aspects of processing charitable gifts, even a small financial return is gross margin profitable for us. It's worth noting, we offer a free DAF because we don't offer an investment capability for our donors today. Our DAFs currently function like checking accounts. The investing we do of charitable assets is invisible to our users. For any donor who doesn't think their charitable assets will sit for years before being sent to charity, we're a great option for making giving much easier. |
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One thing that would be nice would be some fixed-income related products. My goal is to build a decent principal amount and then use the interest/dividends to continuously donate, but this might be a minority strategy.