Since in effect this frees up funding for the kind of funder that funds the NAO, and those funders tend to be diversified, there is still some amount of diversification? See the complicated bullet on funding replaceability.
I think there’s some weaker version that still applies, for two reasons. First because the money that gets freed up may only be freed up within a specific cause area of the funder. Second because even if the freed money goes back to the funder’s general pot, it’d be distributed according to that funder’s cause-area split. But if you think you’ve already put a lot into one cause area, maybe you’d want to push your donations more heavily in the direction of another cause area, rather than just deferring to the funder’s split.
Since in effect this frees up funding for the kind of funder that funds the NAO, and those funders tend to be diversified, there is still some amount of diversification? See the complicated bullet on funding replaceability.
Oh true, I didn’t think that bit through.
I think there’s some weaker version that still applies, for two reasons. First because the money that gets freed up may only be freed up within a specific cause area of the funder. Second because even if the freed money goes back to the funder’s general pot, it’d be distributed according to that funder’s cause-area split. But if you think you’ve already put a lot into one cause area, maybe you’d want to push your donations more heavily in the direction of another cause area, rather than just deferring to the funder’s split.