We intend to finance regrants out of the first 2 pots; the status of the last pot is in a bit of limbo; we’re still running the charity prediction market program in the meantime, but have only spent ~$120k of it so far, and haven’t committed to never using it for other purposes. (As you might imagine, the ethical questions here are somewhat thorny, and we’re mostly hoping to fundraise from other sources to avoid them; but also don’t want to unnecessarily tie our hands)
We’ve separately received a $1m regrant from Future Fund, structured as an investment in Manifold Markets (a C Corporation), for which Alameda received equity.
In response to an emailed question about “are the regranting pots backed by FTX money?”:
Manifold for Charity (501c3) has received 3 main donations so far:
The aforementioned $1.5m from an anonymous individual donor, for regrants
~$400k from SFF (1/3rd of their last grant to us), unrestricted
$500k from the FTX Future Fund, for Charity Prediction Markets.
We intend to finance regrants out of the first 2 pots; the status of the last pot is in a bit of limbo; we’re still running the charity prediction market program in the meantime, but have only spent ~$120k of it so far, and haven’t committed to never using it for other purposes. (As you might imagine, the ethical questions here are somewhat thorny, and we’re mostly hoping to fundraise from other sources to avoid them; but also don’t want to unnecessarily tie our hands)
We’ve separately received a $1m regrant from Future Fund, structured as an investment in Manifold Markets (a C Corporation), for which Alameda received equity.