Will, are you saying that this fund would basically just be a registry? (As opposed to an actual central collection of money with some sort of manager.)
Do you really think people would just send money to 1st-world strangers (ii) on the promise that the recipient was training to earn to give? I have similar misgivings about (iv).
I don’t know about the appropriate legal hurdles, but if you wanted to scale this, you would set it up as a loan with a reasonable interest rate rather than a gift. That way the individual needs to trust the central body which is making the loan (that it will use the money raised for good ends), rather than the central body trusting the individual. This is a much lower bar to cross.
In addition to Carl’s comments on why the registery would be easier, it has the added benefit of people being able to control their own funds and thus being more willing to contribute to the ‘fund’.
“Do you really think people would just send money to 1st-world strangers
(ii) on the promise that the recipient was training to earn to give?” They needn’t be strangers. This has already happened in the UK EA community amongst EAs who met through 80,000 Hours and supported each other financially in the early training and internship stages of their earning to give careers.
> They needn’t be strangers. This has already happened in the UK EA community amongst EAs who met through 80,000 Hours and supported each other financially in the early training and internship stages of their earning to give careers.
Agreed, but if the funds are effectively restricted to people you know and can sort of trust, then the public registry loses most of its use. Just let it be known among your trusted circle that you have money that you’d be willing share for EA activities. This has the added benefit of not putting you in the awkward position of having to turn down less-trusted folks who request money.
Yes, unless you were able to meet with people and create time to develop the neccessary trust. Also, like any grant-making foundation, I wouldn’t expect people in the registry to fund all or even most of the oppertunities that came along, though the registry would lose some of its value if it appears to be unlikely to give out donations to good projects.
Will, are you saying that this fund would basically just be a registry? (As opposed to an actual central collection of money with some sort of manager.)
Do you really think people would just send money to 1st-world strangers (ii) on the promise that the recipient was training to earn to give? I have similar misgivings about (iv).
I don’t know about the appropriate legal hurdles, but if you wanted to scale this, you would set it up as a loan with a reasonable interest rate rather than a gift. That way the individual needs to trust the central body which is making the loan (that it will use the money raised for good ends), rather than the central body trusting the individual. This is a much lower bar to cross.
In addition to Carl’s comments on why the registery would be easier, it has the added benefit of people being able to control their own funds and thus being more willing to contribute to the ‘fund’.
“Do you really think people would just send money to 1st-world strangers (ii) on the promise that the recipient was training to earn to give?” They needn’t be strangers. This has already happened in the UK EA community amongst EAs who met through 80,000 Hours and supported each other financially in the early training and internship stages of their earning to give careers.
> They needn’t be strangers. This has already happened in the UK EA community amongst EAs who met through 80,000 Hours and supported each other financially in the early training and internship stages of their earning to give careers.
Agreed, but if the funds are effectively restricted to people you know and can sort of trust, then the public registry loses most of its use. Just let it be known among your trusted circle that you have money that you’d be willing share for EA activities. This has the added benefit of not putting you in the awkward position of having to turn down less-trusted folks who request money.
Yes, unless you were able to meet with people and create time to develop the neccessary trust. Also, like any grant-making foundation, I wouldn’t expect people in the registry to fund all or even most of the oppertunities that came along, though the registry would lose some of its value if it appears to be unlikely to give out donations to good projects.