Investing With Integrity - Stephen Kump

Investing With Integrity

Summary

Stephen Kump, the founder of Charity Vest, aims to shape the world to be more generous by providing everyone with a donor-advised fund or a charitable giving account. He has a background in consulting and philanthropy advising, where he helped major donors be more strategic with their giving.

Stephen noticed the issues and limitations with existing donor-advised funds and felt convicted to build new technology to solve these problems. His mission is to catalyze generosity and enable the millennial and Gen Z generations to give a trillion dollars away through their technology. In this conversation, Stephen discusses his experience as a philanthropy advisor and the importance of generosity. He highlights the character and values of high-net-worth individuals who actively give away a significant portion of their wealth. Stephen also talks about the launch of Charity Vest for Advisors, a white-labeled donor advised fund program that enables wealth advisors to support their clients in strategic giving. He emphasizes the need for advisors to have conversations about generosity and stewardship with their clients.

Stephen shares his admiration for CS Lewis and St. Augustine and expresses his desire to have conversations with them. He also mentions his interest in discussing faith-driven startups with Paul Graham, the founder of Y Combinator.

Takeaways

Charity Vest is a technology company that aims to catalyze generosity by providing donor-advised funds to everyone.

Stephen has a background in consulting and philanthropy advising, where he helped major donors be more strategic with their giving.

Existing donor-advised funds have issues and limitations, and Stephen felt convicted to build new technology to solve these problems.

Charity Vest's mission is to catalyze generosity and enable the millennial and Gen Z generations to give a trillion dollars away through their technology. High net worth individuals who actively give away a significant portion of their wealth possess certain character traits and values.

Charity Vest for Advisors is a white-labeled donor advised fund program that enables wealth advisors to support their clients in strategic giving.

Advisors should have conversations with their clients about generosity and stewardship.

The bunching strategy, which involves stacking multiple years of giving into one tax year through a donor advised fund, can help clients maximize their tax deductions.