How well do you know the details of the Giving What We Can Pledge? A surprising number of people we’ve spoken to — including many who know a lot about effective giving — shared some or all of these pledge misconceptions. Misconception #1: If you sign the pledge, you have to donate at least 10% of your income each year. The Giving What We Can Pledge is a public commitment to donate at least 10% of your lifetime income to the organisations that can most effectively use it to improve the lives of others. Giving 10% of your income each year is a good rule of thumb for most people, as it helps them stay on track with their lifetime pledge. However, there are certainly cases where it doesn’t make sense to give annually. Provided you continue reporting your income[1] on your personal pledge dashboard, the “Overall Progress” bar [...] ---Outline:(00:20) Misconception #1: If you sign the pledge, you have to donate at least 10% of your income each year.(02:18) Misconception #2: Only the charities on the Giving What We Can Platform count towards your pledge(03:25) Misconception #3: The pledge is a legal document(04:43) Misconception #4: There's no good reason to sign the pledge if you’re already donating 10% or more(09:22) Misconception #5: There's only one pledgeThe original text contained 3 footnotes which were omitted from this narration. ---
First published:
May 15th, 2024

Source:
https://forum.effectivealtruism.org/posts/Y5QKkt9PFhqvG7CEn/5-things-you-ve-got-wrong-about-the-giving-what-we-can
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Narrated by TYPE III AUDIO.