Toby_Ord comments on How to leave money to charity in your will: a simple guide - Effective Altruism Forum

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Comment author: Toby_Ord 31 October 2014 03:53:06PM 8 points [-]

Thanks for writing this up! I should note that Giving What We Can also has a good way of doing this: you can leave the money to the Giving What We Can Trust. By default this will be allocated between the charities Giving What We Can recommends, but you can also specify other charities (in any country) that are global poverty related. Indeed, one can also make one's annual donations via the Giving What We Can Trust, allowing UK taxpayers to get Gift Aid on the entire donation, even if part or all of it goes to a charity abroad. I do this and I also find that it simplifies the giving process (I don't have to look up the donation pages for the six or so charities that I split my donations between). Since I've pretty much explained everything about the trust, I'll also mention that money donated into it legally cannot be used to support Giving What We Can itself.

Comment author: Robert_Wiblin 12 November 2014 01:00:03AM 3 points [-]

Yes, thanks for this post Tom! As I don't have dependents, I'm planning to leave my life insurance to charity.

Comment author: jayd 12 November 2014 10:39:53AM 2 points [-]

I've just used the guide to write my own will via WillAid - I left everything except a few gifts to family to charity.

Comment author: GMcGowan 04 November 2014 11:53:24AM 1 point [-]

I'll do a post here on the Trust at some point so that it gets a bit more visibility and we can be transparent to current donors. I think it's underutilised at the moment with regard to wills but also to leaving money to poverty related causes in the long term (if you think you should give later as opposed to now).

Comment author: Tom_Ash  (EA Profile) 02 November 2014 07:56:31AM 1 point [-]

By the way Toby, this is a complete tangent, but I'd love to hear why you split donations between around six charities. I've always tried to find just one that I think is best, but perhaps this is a mistake.

Comment author: AlasdairGives 02 November 2014 11:41:26AM 1 point [-]

There is a decent start and comment thread about this issue at SSC with some interesting points. Its a topic I've thought about posting on here but not had time to think about properly.

Comment author: Tom_Ash  (EA Profile) 31 October 2014 06:51:39PM *  1 point [-]

Thanks Toby - indeed, people can leave money directly to the Giving What We Can Trust using the language in the UK section of the guide, but deleting the reference to GiveWell in it. As I mention in the guide the money would by default currently be split evenly between Giving What We Can's recommended charities, but if you favour some over others, as I did, then you could specify another split. However if you do I'd recommend ensuring that your specification is clear, to ensure that your executors know how to follow it! Following GiveWell's recommended split is one way to do this.

Thanks for clarifying that you can specify any other global poverty related charity; I imagine it might be safest to email trust@givingwhatwecan.org first to ensure they'll be able to disburse to the charity that you pick, but I'll email George again to see if he wants to clarify that.

Comment author: GMcGowan 04 November 2014 11:57:45AM 1 point [-]

Thanks Tom, nothing much to add!

The Trust can donate to anything we can justify as "relieving poverty, anywhere in the world". However, people should email me to find out whether we're willing to give to any particular charity.

Note that our charitable objects do come into conflict with donor wishes sometimes, for example we currently don't give donations unrestricted to fund Givewell's operations - as some donors have requested - as Givewell has many projects unrelated to poverty reduction.