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Charitable organisations generally do due diligence on large donors and will most likely do this in-house in most cases (perhaps with some external support) - very large organisations (eg Universities) will usually have a specialised in-house team independent from the rest of the operations to do this. It is also likely that at least the larger EA organisations did do due diligence on donations from Sam/FTX, they just decided on balance that it's fine to take the donation.

Answer by Aleks_K19

The answer to 1) is very likely yes as this was the case at previous EAG events in the UK. Whatever rules there are for newbuilds obviously a) don't apply to existing buildings (and the venue is not a new built) b) don't have any influence on how you use or label bathrooms at private events (unless you are discriminating or something which I assume CEA isn't planning to do).

While I would say $100mn is probably too high a bar, buying Whytham Abbey wasn't really $20mn expenditure as they'll sell it and get most of this back. So the actual expenditure (cost related to the transaction, running costs, overhead, gain/loss, not including any reputational cost) of the purchase is probably between $1mn and $4mn (depending on what they manage to sell it for).

In the UK, doing this would probably be counted as 'trading' and be subject to corporation tax, there is a common workaround, though, by creating a trading subsidiary that donates to the charity (allowing them to reduce their corporate tax burden). This setup might or might not be suitable for this specific occasion, and there are of course additional efforts involved in creating such a setup that might or might not be worth it.

Yeah, that makes sense. I guess the main conclusion of this is: You can run an event much cheaper of you find an organisation that has a good event space and collaborates with you, so they charge the 'internal' rather than the commercial rate.

Is this just a guess or do you have information on the actual costs of the event? (Just from their website, they seem to have various sponsors who are likely covering a substantial amount of the costs, and yes, their venue costs might be very low (or even close to zero) because Harvard/MIT are likely not charging them commercial rates, but that doesn't give any info of the actual costs and why they would be lower than EAG costs.)

These academic conferences likely take place at universities which likely won't have any minimum spend requirements (at least for internal events).

Sure, I'm not objecting to policing language in general (there are certainly types of language that are inappropriate) or you making a specific suggestion of (gentle) language policying. (I just disagree with your specific suggestion on this - and I assume others do as well - and my point is that connecting it with you other suggestion - that I think more people will agree with - is suboptimal.)

This post somehow connects two  things for (in my opinion) no good reason:

  • Trying to get people to actually bet (which I think is probably a good thing)
  • Trying to police people's language by asking them to not use 'I bet' in a non-literal sense (which I think is a bad thing)

I don't really understand why you think the latter is necessary to achieve the former.

As an affiliate, though, not as an employee. (And they seem to have lots of affiliates, so not clear what this actually means.)

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