Here’s someone who did just that. A really interesting perspective:
3 Likes
Also see The Giving Pledge - Wikipedia
There’s a couple of people who already died, not all of them donated everything but quite a few did.
edit: just learned about Chuck Feeney - Wikipedia from that page, sounds pretty cool
Feeney was known for his frugality; according to a New York Times article in 2017, “Until he was 75, he traveled only in coach, and carried reading materials in a plastic bag.” He did not own a car or a house and wore a $10 Casio F-91W watch.[41][16]
As of 2016, he lived in a rented apartment in San Francisco, with remaining assets of $2 million
4 Likes
Slightly off-topic aka “firstest first world problems”:
I already feel conflicted about possibly passing on to a single heir – according to current relatively detailed financial planning – maybe 7.5M when my wife and I ride into the sunset.
7.5M is a low estimate, and I believe even if we accelerate spending (which I expect we might do, for a while), the sum to pass on is going to be even higher when it happens.
I mean, unless superbly trained and ethically spotless, what “normal” soul can really deal with getting that sum (or possible double that) at the age of maybe turning 45 or so then (assuming a “normal” career and no real seed capital from mom&dad)?
Not really looking for advice, but if you have any, don’t feel shy.
Just wanted to throw this out there.
Back to the original topic: I wouldn’t remotely know how to deal with 100M … unless I had 7 kids and already 144 grand children or so.
Wait, change that to 20 kids and 200 grand children …
I feel that 45 is too late for outside capital to make a meaningful positive difference in one’s life course. By that time, your have crafted a career, have organized your life around your means and are hopefully self-sufficient.
I would aim at supporting my larger family, or other people I want to support, earlier than that, though with lower inputs of capital and tied mentorship with them. That is, I would focus on my kids education so that they learn to rely on themselves and develop a meaningful skillset but I would also support their ventures, including reasonable early travel (i.e.: compatible with a career and not instead of a career).
If giving early isn’t an option for me (because I don’t know if my assets will grow or get depleted and I don’t want to risk it), I would focus on building and cherishing a friendship with a kind minded spirit so that that person can serve as mentor when I pass. Said person would hopefully be younger than me and could be one of my children or another family member.
6 Likes
Yeah, but by that time, 10M will probably be just enough to buy a dinner out in Zurich (if you don’t order wine), so no need to worry 
7 Likes
Any of you remember Steve Wozniak, co-founder of Apple?
3 Likes
Shall I put a TWINT code up?
Depends what you mean by seed capital, I imagine you don’t mean education - in any case the best education is mostly earned (outside of the US and Asia where it’s often bought) - both formal and informal. It’s very tricky, money can solve many problems without necessarily spoiling, and thus freeing up resources to focus elsewhere.
On topic, congrats to this person and anyone giving back.
3 Likes
It’s always a dilemma if money will spoil the future of a person or not. Such dilemma exists for people with 200K to 200M to 200B.
I think your heir should have luxury in their life if their parents were able to build the wealth. But the question is how the values can be cultivated to ensure this wealth generation doesn’t stop at this generation 
3 Likes