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Sam interviews Charityvest CEO/Co-Founder Stephen Kump about their new modern donor-advised fund platform. Charityvest\'s goal is to make charitable giving easier for the masses and also cut down on tax paperwork. Sam and Derek then go over their thoughts on Charityvest and it\'s simplicity of giving. They also talk about what to look out for when giving to charities and why you should always vet them first.\\xa0

Stephen Kump aims to shape the world to be more generous. He leads Charityvest, a technology company to catalyze generosity through putting a donor-advised fund in the hands of every American. He worked for over ten years as a consultant to nonprofit organizations, philanthropists, corporate leaders, and private equity investors, most recently with Bain & Company. He is a former US Army cavalry officer, holds an MBA from the Yale School of Management, and earned bachelor degrees in Economics and Management from Georgia Tech.

Listen to ILAB 202 on iTunes here or subscribe on your favorite podcast app.

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Where we are:

• Johnny FD \\u2013 Ukraine / IG @johnnyfdj
• Sam Marks \\u2013 Barcelona/ IG @imsammarks
• Derek Spartz - Venice Beach / IG @DerekRadio

Sponsor:

• RAD Diversified
  RAD Diversified REIT allows investment partners to invest in cash-flowing properties with substantial value-add opportunities. RAD offers monthly distributions, a 5% bottom-line guarantee,\\xa0 and achieved a 36.7% return in 2020.
• Support Invest Like a Boss: Join our Patreon

Discussed:

• Charityvest
  Lock in 0% fees for all of 2022 when you join at Charityvest

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• ArtofFX \\u2013 Start with just a $10,000 account (reduced from $25,000)
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*Johnny and Sam use all of the above services personally.

Time Stamps:

• 08:43 \\u2013 How did you get started in the industry?
• 11:48 \\u2013 Is the donor advised fund like setting up your own charitable organisation?
• 13:50 \\u2013 Do you notice a pattern with people\'s donations?
• 19:27 \\u2013 Is this a special designation by the IRS?
• 20:21 \\u2013 Can you discuss the relationship with Y Combinator?
• 23:14 \\u2013 Can you tell us about the two portfolios?
• 25:45 \\u2013 Can you explain the tax benefits?
• 31:50 \\u2013 Can you explain the concept of donating the asset rather than the capital gain?
• 36:40 \\u2013 Can you summarize the giving component?
• 42:26 \\u2013 What kind of fees are associated with the investment?
• 49:02 \\u2013 Sam and Derek review

If you enjoyed this episode, do us a favor and share it! Also if you haven\\u2019t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!\\xa0

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