What to sort out before the money lands

Two philanthropic advisers on how sudden wealth affects you, and the three things to set up now. Right now, an unusually large number of people in tech are on the edge of an extreme wealth event. Through a tender offer, IPO, acquisition, or vesting equity, they will go from a salary to tens or hundreds of millions of dollars almost overnight. This post is for them. We are Jack Lewars of Ultra Philanthropy and Chloe Cockburn of Just Impact Advisors , two philanthropic advisors with 18 years of combined experience. Jack focuses mainly on global health; Chloe focuses on U.S. criminal justice reform. We have watched many people go through this transition, and we've seen people make avoidable mistakes. Our goal is to help you feel less overwhelmed and more prepared before the money arrives. As we each run a philanthropic fund, we could benefit if you follow some of this advice. Weigh it accordingly. If you only have a minute, make a plan now to do these three things: Pick a small group of trusted friends and advisors , and ask them today to help keep you on track. Talk to a tax advisor before any liquidity event. Some of the biggest decisions, like how and when to give shares, can't be