Suppose I have some money that I don't want to spend, and I'm sure I'll
never want to spend it. Should I give it to charity now, or put it in an
index fund and bequeath it to charity in my will?

Here's my argument in favor of charitable procrastination. The typical
recipient of charity does not have access to the kind of investment
opportunites (e.g., low cost U.S. mutual funds) that I have, and his other
investment opportunities usually have a lower (perhaps even negative) rate
of return. Charitable organizations are legally forced to spend a certain
percentage of their assets per year, so they can't invest the money
indefinitely either. By holding on to my money, I'm actually increasing
the present value of the gift from the perspective of the recipient.

Can anyone find a flaw in this argument?

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