I have a basic question about the opportunity cost part: do you track whether charities keep their reserves in investments vs cash? Are charities allowed (legally) to invest all their reserves in the stock market?
It seems like this would make a big difference to the opportunity cost if you are comparing keeping money in OpenPhil (which itself has >4 years of reserves and presumably keeps this in appreciating assets) vs giving it to NTI
I have a basic question about the opportunity cost part: do you track whether charities keep their reserves in investments vs cash? Are charities allowed (legally) to invest all their reserves in the stock market?
It seems like this would make a big difference to the opportunity cost if you are comparing keeping money in OpenPhil (which itself has >4 years of reserves and presumably keeps this in appreciating assets) vs giving it to NTI