This is an interim post sharing examples of Antigravity Investments’ impact over the years. Organizations that have not explicitly consented to being named have had their details anonymized (we only asked CEA due to time constraints).
August 2022: One example of my ongoing correspondence with the EA operations team member is that I identified that an AI research organization with $6 million in cash could access yields of ~2.5% instead of 0% at their existing bank, which would generate another $150,000 for the organization every year on an annualized basis at essentially zero cost to themselves (at current interest rates).
April 2022: Agreed to help a relatively core EA organization administer $1M+ in a DAF because their existing advisor could not do it for free. The situation seems unlikely to move forward due to logistical problems with the DAF provider.
December 2021+: An operations team member that has worked at multiple EA- aligned AI organizations started an active correspondence with me regarding treasury cash management and operations in general. Questions included the base rates of defaults with various cash management options.
December 2020: GiveWell had their team investigate cash management, very likely directly as a result of my article directed specifically at them (see GiveWell’s comment). Hopefully they have implemented it by now (we will likely be able to assess the impact in their 2021 Form 990 which is expected shortly).
Early 2020: A nonprofit that has assisted with certain EA endeavors committed $10M+ to one of our recommended cash management solutions, which later became $20M+ after they had tested it for a while and expanded into a second recommended cash management option.
2019: The Center for Effective Altruism started setting up a brokerage account at Vanguard after I reached out. According to their Form 990, they moved the majority of their funds into some form of interest-bearing account or investment during 2020. This may or may not impact CEA’s fiscally sponsored projects like 80,000 Hours and Longview Philanthropy.
Mid-2019: A core EA charity was considering utilizing one of our recommended cash management for $1M+. They discovered that they had an agreement with their bank that required that they bank exclusively with that bank for a certain period. We explored alternatives like opening a brokerage account. The charity corresponded with their bank regarding their low interest rate, and as a result, the bank raised their interest rate.
2018: An animal charity committed $1M+ in assets under management to Antigravity with a below-market-rate fee.
Antigravity Investments Public Impact Log
This is an interim post sharing examples of Antigravity Investments’ impact over the years. Organizations that have not explicitly consented to being named have had their details anonymized (we only asked CEA due to time constraints).
August 2022: One example of my ongoing correspondence with the EA operations team member is that I identified that an AI research organization with $6 million in cash could access yields of ~2.5% instead of 0% at their existing bank, which would generate another $150,000 for the organization every year on an annualized basis at essentially zero cost to themselves (at current interest rates).
April 2022: Agreed to help a relatively core EA organization administer $1M+ in a DAF because their existing advisor could not do it for free. The situation seems unlikely to move forward due to logistical problems with the DAF provider.
December 2021+: An operations team member that has worked at multiple EA- aligned AI organizations started an active correspondence with me regarding treasury cash management and operations in general. Questions included the base rates of defaults with various cash management options.
December 2020: GiveWell had their team investigate cash management, very likely directly as a result of my article directed specifically at them (see GiveWell’s comment). Hopefully they have implemented it by now (we will likely be able to assess the impact in their 2021 Form 990 which is expected shortly).
Early 2020: A nonprofit that has assisted with certain EA endeavors committed $10M+ to one of our recommended cash management solutions, which later became $20M+ after they had tested it for a while and expanded into a second recommended cash management option.
2019: The Center for Effective Altruism started setting up a brokerage account at Vanguard after I reached out. According to their Form 990, they moved the majority of their funds into some form of interest-bearing account or investment during 2020. This may or may not impact CEA’s fiscally sponsored projects like 80,000 Hours and Longview Philanthropy.
Mid-2019: A core EA charity was considering utilizing one of our recommended cash management for $1M+. They discovered that they had an agreement with their bank that required that they bank exclusively with that bank for a certain period. We explored alternatives like opening a brokerage account. The charity corresponded with their bank regarding their low interest rate, and as a result, the bank raised their interest rate.
2018: An animal charity committed $1M+ in assets under management to Antigravity with a below-market-rate fee.