All the Hacks with Chris Hutchins

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

03.30.2022 - By Chris HutchinsPlay

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#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. 

Full Show Notes at: https://www.allthehacks.com/giving-adam-nash

View Episode on YouTube: https://youtu.be/mERMZviCHx0

 

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Resources Mentioned

Get a free $25 in your Daffy account: https://allthehacks.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

Bilt Signup: https://allthehacks.com/bilt

 

Full Show Notes 

(02:13) Dispelling Philanthropy Misconceptions

(03:29) Determining Optimal Giving Amounts

(09:22) Evaluating Wise Utilization of Organizational Funds

(12:36) Maximizing Potential for Charitable Giving

(15:10) Overcoming Challenges in the Act of Giving

(20:44) Supporting Similar Organizations Through Giving

(23:15) Exploring Tax Benefits of Charitable Donations

(23:49) Understanding Donor-Advised Funds (DAFs)

(27:42) The Creation of Daffy

(30:34) Analyzing High Fees on Donor-Advised Funds

(33:04) Leveraging Appreciated Assets for Donations

(38:31) Relocating Donor-Advised Funds

(40:37) User-Friendly Donor-Advised Fund Apps

(44:31) Investing Strategies within Daffy Funds

(46:04) Common Personal Finance Misconceptions

(48:10) Integrating Alternative Investments into Your Portfolio

(52:36) Exploring Real Estate as an Investment Avenue

(57:52) Palo Alto Dining, Drinks, and Entertainment Recommendations

(59:41) Connecting with Adam Online

 

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