I wanted to share this update from Good Ventures (Cari and Dustin’s philanthropy), which seems relevant to the EA community.
Tl;dr: “while we generally plan to continue increasing our grantmaking in our existing focus areas via our partner Open Philanthropy, we have decided to exit a handful of sub-causes (amounting to less than 5% of our annual grantmaking), and we are no longer planning to expand into new causes in the near term by default.”
A few follow-ups on this from an Open Phil perspective:
- I want to apologize to directly affected grantees (who've already been notified) for the negative surprise here, and for our part in not better anticipating it.
- While this represents a real update, we remain deeply aligned with Good Ventures (they’re expecting to continue to increase giving via OP over time), and grateful for how many of the diverse funding opportunities we’ve recommended that they’ve been willing to tackle.
- An example of a new potential focus area that OP staff had been interested in exploring that Good Ventures is not planning to fund is research on the potential moral patienthood of digital minds. If any readers are interested in funding opportunities in that space, please reach out.
- Good Ventures has told us they don’t plan to exit any overall focus areas in the near term. But this update is an important reminder that such a high degree of reliance on one funder (especially on the GCR side) represents a structural risk. I think it’s important to diversify funding in many of the fields Good Ventures currently funds, and that doing so could make the funding base more stable both directly (by diversifying funding sources) and indirectly (by lowering the time and energy costs to Good Ventures from being such a disproportionately large funder).
- Another implication of these changes is that going forward, OP will have a higher bar for recommending grants that could draw on limited Good Ventures bandwidth, and so our program staff will face more constraints in terms of what they’re able to fund. We always knew we weren’t funding every worthy thing out there, but that will be even more true going forward. Accordingly, we expect marginal opportunities for other funders to look stronger going forward.
- Historically, OP has been focused on finding enough outstanding giving opportunities to hit Good Ventures’ spending targets, with a long-term vision that once we had hit those targets, we’d expand our work to support other donors seeking to maximize their impact. We’d already gotten a lot closer to GV’s spending targets over the last couple of years, but this update has accelerated our timeline for investing more in partnerships and advising other philanthropists. If you’re interested, please consider applying or referring candidates to lead our new partnerships function. And if you happen to be a philanthropist looking for advice on how to invest >$1M/year in new cause areas, please get in touch.
The point of Lightspeed Grants was explicitly to create a product that would allow additional funders (beyond Jaan) to distribute funding to important causes.
It also had the more immediate positive effect of increasing the diversity and impact of Jaan's funding, though that's not where I expected the big wins to come from and not my primary motivation for working on it. I still feel quite excited about this, but stopped working on it in substantial parts because Open Phil cut funding for all non-LW programs to Lightcone.
The ask here was for development cost and operations, not for any regranting money.
Basically.
To be clear, I think it's not a crazy decision for Open Phil to think that Jaan is in a better position to fund our SFF and Lightspeed work (though not funding us for Lightspeed did have a pretty substantial effect on our ability to work on it). The bigger effect came from both the implicit and explicit discouragement of working on SFF and Lightspeed over the years, mostly picked up from random conversations with Open Phil staff and people very close to Open Phil staff.
I generally don't have a ton of bandwidth with my grantmakers at Open Phil, but during our last funding request around 14 months ago, I got the strong sense they thought working on SFF and Lightspeed was a waste of time and money (and indeed, they didn't give us approximately any funding for Lightspeed when we asked for money for it then). Also, to be clear, they never got to the point of asking us how much money we wanted, or how much it would cost, and just kind of told us out of the blue, after 6 months of delays, that they aren't interested in funding any non-LW projects when I was still expecting to communicate more of our plans and needs to them, so my best guess is they never actually considered it, or it was dismissed at a pretty early stage.