You can determine the division of your estate by having a notary draw up your will. There are two ways to donate to effective altruism organizations through your will.
An bequest gives the charity a fixed amount of money or an item of personal property, a house for example.
Or you can nominate the charity as heir to (part of) the residual estate – what’s left after the other bequests are made. Its size depends on the total size of the estate and the number of heirs. Children can always claim their legitimate share.
It is wise to arrange these things properly with a notary.
Donating effectively through your will
Unfortunately notaries currently have little or no information about effective altruism organizations. In the waiting room you can usually find the charity guide of the branch organization or the commercial glossy magazine Schenken en nalaten.
EA organizations do not advertise in those magazines. You will have to find that information elsewhere: on our website, for example.
Suppose you want to bequeath to an effective organization. How will you know if that organization will still be effective after your death? After all, the original cause they are working on might be solved by then. For example, a vaccine against malaria has now been developed..
Other possibilities are that the charity receives more money than it can effectively use, the situation has changed or their approach is outdated. Then the organization no longer meets the EA criteria.
That’s why it is important to assess which organization is future-proof when drawing up your will. In that case you can consider bequeathing to an effective altruism fund. These assess at least annually which are the most effective organizations.
What if….? A back-up plan
It is also a good idea to indicate in a will what should happen if an organization no longer exists in the future or no longer has ANBI-status. In that case you can name other organizations to replace it: other effective altruism funds or charities, for example.
If you’d like more information, a consultation, or help in giving information to the notary, we’ll be happy to help. Your contact person is Andrea de Wildt. You can reach her on +31 (0)6 25 09 62 18 or send an email to email@example.com.