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EAs are probably more likely than the general public to keep money they intend to donate invested in stocks, since that’s a pretty common bit of financial advice floating around the community. So the large drop in stock prices in the past few weeks (and possible future drops) may affect EA giving more than giving as a whole.

I think Open Philanthropy probably would not reduce it’s grantmaking because of a recession. It seems Open Philanthropy is recommending around $200 million in grants per year. Forbes estimates that Dustin Moskovitz has a net worth of around $10 billion. So they’re only spending down a mere 2% of Moskovitz’s net worth each year. If Moskovitz’s net worth declined to $5 billion that would still only be 4% of Moskovitz’s net worth. In addition, better funding opportunities for Open Philanthropy may arise during a recession as other large funders pull back.