The Power (and Tax Savings) of Charitable Giving with Adam Nash

#50: Entrepreneur and investor Adam Nash joins Chris to discuss the biggest misconceptions of philanthropy, the hurdles of giving, tax benefits for charitable donations, real estate investing, why Daffy was created, everything you need to know about Donor-Advised Funds, and more.

Adam Nash (@AdamNash) is the CEO and co-founder of Daffy, a not-for-profit community built around a new modern way to give. Adam is a seasoned executive, investor and advisor. He sits on the board of the investing company Acorns, he teaches the "Personal Finance for Engineers" course at Stanford and he was previously the president and CEO at Wealthfront. 

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Selected Links From The Episode

Get a free $25 in your Daffy account: https://chrishutchins.com/daffy

Connect with Adam Nash: Twitter | Instagram | Adam's Blog | Daffy’s Blog

Selected Works from Daffy’s blog: Let’s Close the Trillion-Dollar Generosity Gap | The Benefits of Donating Stock to Charity

Adam’s Stanford Course: CS 007: Personal Finance for Engineers

Book Mentioned:  Happy Money: The Science of Happier Spending by Elizabeth Dunn and Dr. Michael Norton  

Palo Alto Recommendations:   The Post | The Sea | Stanford Campus | The Dish | Shoreline Lake

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Full Show Notes 

Introduction  (00:00) 

The biggest misconceptions about philanthropy (02:13)

How much should one give?  (03:29) 

How to know if an organization is using its money wisely (09:22)

Could people be giving more? (12:36)

The hurdles of giving (15:10)

Giving to multiple similar organizations (20:44)

Tax benefits for charitable donations (23:15) 

Donor-Advised Funds (23:49)

Why Daffy was created (27:42)

Why do large firms have such high fees on donor-advised funds? (30:34)

Donating appreciated assets (33:04)

Moving your Donor-Advised Funds (38:31)

Donor-Advised Fund apps and their ease (40:37) 

Investing inside your Daffy Donor-Advised Fund (44:31)

What people are getting wrong about personal finance (46:04)

How do alternative investments fit into your portfolio? (48:10)

Real Estate investing (52:36)

Dinner, Drink, and Something to do in Palo Alto (57:52)

Where to find Adam online (59:41)

Connect with Chris

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