Asklemmy

43396 readers

1307 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
[email protected]: a community for finding communities

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago

MODERATORS

[email protected]

How could you best spent one million dollars, to materially help the world in a lasting way? (lemmy.sdf.org)

submitted 1 week ago by [email protected] to c/[email protected]

37 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 7 points 1 week ago

Set up a trust to invest the money, from the compounding returns, use a sustainable portion of the dividends to fund a cause you believe will help change the world. Be very explicit to the trust managers as to the long term instructions of the trust.

With compound market returns the million dollars could be worth $40 million in 50 years and would be distributing af a sustainable 3% dividend, 1.2 million a year to a cause you believe in.