Arthropoda treasurer here—pretty much option 2. We are hoping to increase our expenditure next year to run an extra grants round, add a contractor to help manage some things (currently we’re almost entirely volunteer), add a bit to our strategic reserve (to carry us through donation fluctuations without needing to pause grant-making), and a few other small bits and pieces. A good chunk of this expansion can be covered by our reserves + some existing donor commitments, and 55k is about what’s left.
We have actually a much higher room for more funding in theory, up to several million to run a couple of targeted programs we have in mind. These activities would require hiring someone to run them as a program manager as well as a lot more in grants. But we’re not really expecting EA Forum readers to fill that gap unless they happen to run a large foundation :)
Arthropoda treasurer here—pretty much option 2. We are hoping to increase our expenditure next year to run an extra grants round, add a contractor to help manage some things (currently we’re almost entirely volunteer), add a bit to our strategic reserve (to carry us through donation fluctuations without needing to pause grant-making), and a few other small bits and pieces. A good chunk of this expansion can be covered by our reserves + some existing donor commitments, and 55k is about what’s left.
We have actually a much higher room for more funding in theory, up to several million to run a couple of targeted programs we have in mind. These activities would require hiring someone to run them as a program manager as well as a lot more in grants. But we’re not really expecting EA Forum readers to fill that gap unless they happen to run a large foundation :)
In the interest of clarity, I’ve updated the original post in response to @Hugh P’s helpful question.