Hi! Thanks for asking. (And sorry for the slow response — trying not to work too much over the weekend...)
As per the Commission’s guidance, we’re supposed to file such a report in cases where we expect a reputational or financial impact from events. This is one of those cases, and we expect there might be an ongoing conversation with the Charity Commission as a result.
I’ve downvoted this, since it’s basically a non-answer that doesn’t address the OP’s concerns / requests for information, and we haven’t had any further info or reassurance from CEA since the question was asked.
Thanks for replying. Can you confirm for people that money donated to or through CEA is safe as far as CEA officials know (at least, as safe as it seemed before there was widespread knowledge of problems at FTX)?
Both of the legal entities involved with GWWC (Effective Ventures Foundation and Centre for Effective Altruism USA) are financially solvent. These entities have funding sources outside of the FTX Foundation and other FTX-related entities/individuals. The GWWC related entities would be solvent even without the funds received from the FTX-related entities. Accordingly, our plan is to continue to accept and regrant donations.
Thanks for posting that. I think a complete answer also requires addressing HStencil’s comment on your post asking whether there is any risk to donations due to potential clawbacks.
Hi! Thanks for asking. (And sorry for the slow response — trying not to work too much over the weekend...)
As per the Commission’s guidance, we’re supposed to file such a report in cases where we expect a reputational or financial impact from events. This is one of those cases, and we expect there might be an ongoing conversation with the Charity Commission as a result.
I’ve downvoted this, since it’s basically a non-answer that doesn’t address the OP’s concerns / requests for information, and we haven’t had any further info or reassurance from CEA since the question was asked.
Thanks for replying. Can you confirm for people that money donated to or through CEA is safe as far as CEA officials know (at least, as safe as it seemed before there was widespread knowledge of problems at FTX)?
Please see our update regarding this. The important section is:
Thanks for posting that. I think a complete answer also requires addressing HStencil’s comment on your post asking whether there is any risk to donations due to potential clawbacks.
Yeah, getting some clear indications on this front (preferably with some solid evidence/argumentation behind them) seems quite important to me.