What’s likely to happen is that the RoR and benefit of charity will fluctuate over time and over the size of your pot- so your pot will grow until there’s a need, then you’ll spend, and then it’ll go back to growing. The problem is that requires active management (which is hard to continue after your death) and typically the view is that if you value warm fuzzies, you can find some charity that returns more than the RoR of profitable ventures.
There is quite a bit of warm fuzzies in generating a giant pot of cash and then endowing it to stand perpetually- but beyond stability effects I’m not sure there is much to recommend that model of charity.
What’s likely to happen is that the RoR and benefit of charity will fluctuate over time and over the size of your pot- so your pot will grow until there’s a need, then you’ll spend, and then it’ll go back to growing. The problem is that requires active management (which is hard to continue after your death) and typically the view is that if you value warm fuzzies, you can find some charity that returns more than the RoR of profitable ventures.
There is quite a bit of warm fuzzies in generating a giant pot of cash and then endowing it to stand perpetually- but beyond stability effects I’m not sure there is much to recommend that model of charity.