My guess is that this is the June figure for the FTX Future Fund grant commitments. The current figure is $160M as of September 1st. Some of these grants were in installments, especially the multi-year ones, and not all of the money was transferred. This Fund was “longtermist” and I do not see a dollar figure on other FTX charitable giving. This does not include $500M in equity in Anthropic.
As recently as last month, the umbrella FTX Foundation said it had given away $140 million, of which $90 million went through the FTX Future Fund dedicated to long-term causes. It is unclear how much of that money made it to the recipients and how much was earmarked for giving in installments over several years.
Mr. Bankman-Fried makes his donations through the FTX Foundation, which has given away $140 million, of which $90 million has gone through the group’s Future Fund toward long-term causes.
I suspect that these numbers are actually delivered, not promises. My guess is that the Future Fund pledged $190 million, 160 directly and 30 through regranting, delivered 100 and failed to deliver $90 million (a). (Plus $50 million not through the Future Fund, at least some of which counts as EA.)
Thanks, there is also $32M from the regrants tab. But yes, difficult to know the actual total of payouts without word from the staff. Or payouts not subject to clawback without further details on legal proceedings.
Is there a source for the $140M figure?
My guess is that this is the June figure for the FTX Future Fund grant commitments. The current figure is $160M as of September 1st. Some of these grants were in installments, especially the multi-year ones, and not all of the money was transferred. This Fund was “longtermist” and I do not see a dollar figure on other FTX charitable giving. This does not include $500M in equity in Anthropic.
Added, weeks later: Or maybe he got it from NYT:
which seems to be sourced from NYT a month ago:
I suspect that these numbers are actually delivered, not promises. My guess is that the Future Fund pledged $190 million, 160 directly and 30 through regranting, delivered 100 and failed to deliver $90 million (a). (Plus $50 million not through the Future Fund, at least some of which counts as EA.)
Thanks, there is also $32M from the regrants tab. But yes, difficult to know the actual total of payouts without word from the staff. Or payouts not subject to clawback without further details on legal proceedings.
Kind of ironic that they were “longtermist” about the world, but not about their own existence!