I’m not sure which number you are quoting here, but you can find the specific numbers here.
Some things to note * our money granted is much higher than our money donations from the public figure as we received money from institutional donors like Open Phil. * operations costs track grantmaking more than donations as ~ all of the variable costs are incurred through grantmaking so our operations costs should decrease naturally if we are doing less grantmaking
* operations costs are for all four EA Funds funds, not just eaif and ltff
Thanks! I’m multiplying the quoted numbers in the OP.
Just to be clear, I’m not anti-overhead (often the opposite), and 4% is low. @calebp I wrongfully thought this was just EAIF, not all funds, so thank you for making me aware of my mistake. It’s interesting to learn that most of the operational cost goes to the grant making side and I’m happy it’s on that side. Thanks and good luck with the funds!
I’m not sure which number you are quoting here, but you can find the specific numbers here.
Some things to note
* our money granted is much higher than our money donations from the public figure as we received money from institutional donors like Open Phil.
* operations costs track grantmaking more than donations as ~ all of the variable costs are incurred through grantmaking so our operations costs should decrease naturally if we are doing less grantmaking
* operations costs are for all four EA Funds funds, not just eaif and ltff
Thanks! I’m multiplying the quoted numbers in the OP.
Just to be clear, I’m not anti-overhead (often the opposite), and 4% is low. @calebp I wrongfully thought this was just EAIF, not all funds, so thank you for making me aware of my mistake. It’s interesting to learn that most of the operational cost goes to the grant making side and I’m happy it’s on that side. Thanks and good luck with the funds!