Center for Effective Philanthropy
Coverage of Center for Effective Philanthropy in the Nexus archive.
- AI’s new millionaires want to disrupt philanthropy. They should fund what already exists
The rise of new wealth from AI, exemplified by companies like SpaceX, Anthropic, and OpenAI, presents a large source of capital potentially available for social good. The article argues that instead of disrupting philanthropy, this money should fund existing nonprofits, which number 1.8 million in the U.S. These organizations are characterized as savvy operators with deep community knowledge capable of utilizing transformational investment successfully.
- Nonprofits say they are in a crisis
The US nonprofit sector is facing a crisis due to federal funding cuts, with 66% of nonprofits concerned about financial stability and 39% reporting a deficit. Demand for services has increased amid higher inflation and cuts to federal programs. The sector receives at least $240 billion in government grants annually.