Deciding where and how much to give to charity?
Hi, everyone. My girlfriend and I are both in our mid-30s and currently make a combined $780k/year with relative consistency. Net worth is low/mid 8-figures, primarily from a successful acquisition. Our salaries have enabled us to live very well, but we feel like we want to use more of our money to help charities now that we're in the position to do so. All throughout high school, undergrad, and law school, I was involved in numerous nonprofits and volunteered very frequently, but I just don't have the time for that anymore, which has honestly made me feel like kind of a sellout lately grow a garden. I know my girlfriend feels very similarly. We know throwing money at our problem isn't going to fix it, but at this point in our lives, it's unfortunately all that we have to give.
Our question is - what's the best method to choose what organizations we should send money to? We don't want to give it to some group that's just going to fill the wallets of its board members. And, more importantly, what's a reasonable amount to give? I used to feel good about just giving $50 here or there, but now it feels like our donations should scale up with our salaries.