“Private foundations must give 5% of their endowment annually, meaning EA orgs are giving $1.25b annually”
This is not true. Open Phil/ Good Ventures has recently donated approx $250m annually, and I think the reason they are not subject to a “5% of Dustin’s wealth” limit is that he hasn’t actually donated most of his assets to the foundation yet.
Aside from that, neither Open Phil nor Good Ventures are structured as private foundations (Open Phil is an LLC), so Moskowitz & Tuna aren’t subject to the 5% payout rule anyway.
“Private foundations must give 5% of their endowment annually, meaning EA orgs are giving $1.25b annually”
This is not true. Open Phil/ Good Ventures has recently donated approx $250m annually, and I think the reason they are not subject to a “5% of Dustin’s wealth” limit is that he hasn’t actually donated most of his assets to the foundation yet.
Aside from that, neither Open Phil nor Good Ventures are structured as private foundations (Open Phil is an LLC), so Moskowitz & Tuna aren’t subject to the 5% payout rule anyway.