As I understand it, OpenPhil has a few $B that is theirs[5], under independent legal control (i.e. separate from Moskovitz and Tuna, who, whilst being board members, do not have unilateral control of the funds; they make up 2⁄5 of the board). … Edit: the Good Ventures Foundation (who Open Phil recommends their grants to) had >$3bn in June 2020
Ah, ok. Maybe more needs to be done to secure OpenPhil’s bag in that case!
EDIT: I’ve added this to the post:
[Added 17Nov: actually Good Ventures, which sends out the grants recommended by OpenPhil, is 2⁄3 controlled by Moskovitz and Tuna[6]. Perhaps more needs to be done to secure OpenPhil’s bag?]
For the disagreement voters: I’m guessing your disagreement is something along the lines of “it’s their money, they should be in control of where it goes”. Yes that’s true to some extent, but what I’m saying is that if their goal is doing (the most) good, entrusting it in others’ hands to disburse is more important, from the point of view of ensuring that the funds do in fact get donated (e.g. to protect against bankruptcy risk and clawbacks etc). And they already do ~90% of that, by deferring to OpenPhil’s judgement for the vast majority of their grantmaking. Moskovitz even says of himself that he’s “basically just dumb money”.
The GoodVentures board is three people, two of which are Moskovitz and Tuna: https://www.goodventures.org/about-us/governance
(Which is not surprising: it is a foundation to give away their money)
Ah, ok. Maybe more needs to be done to secure OpenPhil’s bag in that case!
EDIT: I’ve added this to the post:
For the disagreement voters: I’m guessing your disagreement is something along the lines of “it’s their money, they should be in control of where it goes”. Yes that’s true to some extent, but what I’m saying is that if their goal is doing (the most) good, entrusting it in others’ hands to disburse is more important, from the point of view of ensuring that the funds do in fact get donated (e.g. to protect against bankruptcy risk and clawbacks etc). And they already do ~90% of that, by deferring to OpenPhil’s judgement for the vast majority of their grantmaking. Moskovitz even says of himself that he’s “basically just dumb money”.