I think this really helps address a lot of my objections to patient philanthropy. I always worried that patient philanthropy would underinvest in capacity building that would allow it to actually identify opportunities and effectively deploy large amounts of capital when the need is most critical (e.g., ensuring there is talent and institutions that can use the capital, ensuring the systems for grantmaking exist, ensuring grantmaker talent, ensuring good horizon scanning for risks). But with this dual system, I think that issue is adequately met.
I think this really helps address a lot of my objections to patient philanthropy. I always worried that patient philanthropy would underinvest in capacity building that would allow it to actually identify opportunities and effectively deploy large amounts of capital when the need is most critical (e.g., ensuring there is talent and institutions that can use the capital, ensuring the systems for grantmaking exist, ensuring grantmaker talent, ensuring good horizon scanning for risks). But with this dual system, I think that issue is adequately met.