LTFF made ~10M in grants last year (I think similar figures for EAIF). The 700k figure is from last year rather than a projection going forwards. So <4% operational overhead.
Also, to be clear, most of the operational costs are on the grantmaking side, not on the donation side. It will be extremely inaccurate to model EA Funds as primarily doing donation forwarding.
LTFF made ~10M in grants last year (I think similar figures for EAIF). The 700k figure is from last year rather than a projection going forwards. So <4% operational overhead.
Also, to be clear, most of the operational costs are on the grantmaking side, not on the donation side. It will be extremely inaccurate to model EA Funds as primarily doing donation forwarding.