This also seems right to me. We roughly try to distribute all the money we have in a given year (with some flexibility between rounds), and aren’t planning to hold large reserves. So from just our decisions we couldn’t ramp up our grantmaking because better opportunities arise.
However, I can imagine donations to us increasing if better opportunities arise, so I do expect there to be at least some effect.
This also seems right to me. We roughly try to distribute all the money we have in a given year (with some flexibility between rounds), and aren’t planning to hold large reserves. So from just our decisions we couldn’t ramp up our grantmaking because better opportunities arise.
However, I can imagine donations to us increasing if better opportunities arise, so I do expect there to be at least some effect.