Founded | 2011 |
---|---|
Founder | |
Type | Private foundation |
45-2757586 [1] | |
Key people |
|
Revenue (2015) | $177,849,222 |
Website | goodventures |
Good Ventures is a private foundation and philanthropic organization in San Francisco, and the fifth largest foundation in Silicon Valley. [2] It was co-founded by Cari Tuna, a former Wall Street Journal reporter, and her husband Dustin Moskovitz, one of the co-founders of Facebook. [3] [4] Good Ventures adheres to principles of effective altruism and aims to spend most or all of its money before Moskovitz and Tuna die. [5] [6] Good Ventures does not have any full-time staff, and instead distributes grants according to recommendations from Open Philanthropy.
Cari Tuna, then a reporter at the San Francisco bureau of the Wall Street Journal , and Dustin Moskovitz, Facebook co-founder, started dating in 2009. In 2010, Moskovitz signed the Giving Pledge, and he and Tuna began investigating how best to give away the money. [5]
Tuna first learned about charity evaluator GiveWell and the movement for effective giving after reading The Life You Can Save , and the couple was introduced to the ideas of effective altruism. Tuna and Moskovitz formed Good Ventures. Moskovitz was busy running Asana, so Tuna quit her job in 2011 to work full-time on Good Ventures. She also joined the board of GiveWell in April 2011. [3]
In March 2013, Good Ventures launched its own website. [7] In August 2014, GiveWell Labs, an internal project of GiveWell that did research on effective philanthropy, morphed into the Open Philanthropy Project, a joint venture of GiveWell and Good Ventures. [8] Good Ventures no longer has any full-time staff, and distributes grants according to recommendations from Open Philanthropy. [9]
Good Ventures plans to spend out the majority of its money before the death of Moskovitz and Tuna. Most of the money for the foundation comes from the stock Moskovitz obtained as a Facebook and Asana co-founder. [10] [11] [12] [13] [14] The organization has a publicly available grants database on its website. [15] Good Ventures LLC invests in for-profits related to human health and well-being, and donates earnings to the Good Ventures Foundation. [16] Its investments include Vicarious, a company working in artificial intelligence. [17] [18]
Charity is the voluntary provision of assistance to those in need. It serves as a humanitarian act, and is unmotivated by self-interest. Various philosophies about charity exist, with frequent associations with religion.
GiveWell is an American non-profit charity assessment and effective altruism-focused organization. GiveWell focuses primarily on the cost-effectiveness of the organizations that it evaluates, rather than traditional metrics such as the percentage of the organization's budget that is spent on overhead.
Dustin Aaron Moskovitz is an American billionaire internet entrepreneur who co-founded Facebook, Inc. with Mark Zuckerberg, Eduardo Saverin, Andrew McCollum and Chris Hughes. In 2008, he left Facebook to co-found Asana with Justin Rosenstein. In March 2011, Forbes reported Moskovitz to be the youngest self-made billionaire in the world, on the basis of his then 2.34% share in Facebook. As of June 2024, his net worth is estimated at US$23 billion by the Bloomberg Billionaires Index.
The Life You Can Save: Acting Now to End World Poverty is a 2009 book by Australian philosopher Peter Singer, in which the author argues that citizens of affluent nations are behaving immorally if they do not act to end the poverty they know to exist in developing nations.
Justin Michael Rosenstein is an American software programmer and entrepreneur. He co-founded the collaboration software company Asana in 2008.
Giving What We Can (GWWC) is an effective altruism-associated organisation whose members pledge to give at least 10% of their income to effective charities. It was founded at Oxford University in 2009 by the philosopher Toby Ord, physician-in-training Bernadette Young, and fellow philosopher William MacAskill.
Holden Karnofsky is an American nonprofit executive. He is a co-founder and Director of AI Strategy of the research and grantmaking organization Open Philanthropy. Karnofsky co-founded the charity evaluator GiveWell with Elie Hassenfeld in 2007 and is vice chair of its board of directors.
GiveDirectly is a nonprofit organization operating in low income areas that helps families living in extreme poverty by making unconditional cash transfers to them via mobile phone. GiveDirectly transfers funds to people in Bahamas, Bangladesh, DRC, Liberia, Kenya, Malawi, Morocco, Mozambique, Nigeria, Rwanda, Togo, Turkey, Uganda, USA, and Yemen.
Effective altruism (EA) is a 21st-century philosophical and social movement that advocates impartially calculating benefits and prioritizing causes to provide the greatest good. It is motivated by "using evidence and reason to figure out how to benefit others as much as possible, and taking action on that basis". People who pursue the goals of effective altruism, who are sometimes called effective altruists, follow a variety of approaches proposed by the movement, such as donating to selected charities and choosing careers with the aim of maximizing positive impact. The movement has achieved significant popularity outside of academia, spurring the creation of university-based institutes, research centers, advisory organizations and charities, which, collectively, have donated several hundreds of millions of dollars.
80,000 Hours is a London-based nonprofit organisation that conducts research on which careers have the largest positive social impact and provides career advice based on that research. It provides this advice on their website, youtube channel and podcast, and through one-on-one advice sessions. The organisation is part of the Centre for Effective Altruism, affiliated with the Oxford Uehiro Centre for Practical Ethics. The organisation's name refers to the typical amount of time someone spends working over a lifetime.
The Silicon Valley Community Foundation (SVCF) is a donor-advised community foundation serving the Silicon Valley region. It is the largest charitable foundation in Silicon Valley.
Laura Arrillaga-Andreessen is an American educator and author.
Vicarious was an artificial intelligence company based in the San Francisco Bay Area, California. They use the theorized computational principles of the brain to attempt to build software that can think and learn like a human. Vicarious describes its technology as "a turnkey robotics solution integrator using artificial intelligence to automate tasks too complex and versatile for traditional automations". Alphabet Inc acquired the company in 2022 for an undisclosed amount.
GivingTuesday, often stylized as #GivingTuesday for the purposes of hashtag activism, is the Tuesday after Thanksgiving in the United States. It is touted as a "global generosity movement unleashing the power of people and organizations to transform their communities and the world". An organization of the same name is an independent 501(c)(3) nonprofit that supports the global movement.
ImmigrationWorks USA was a national 501(c)(4) nonprofit organization in the United States that advocated for freer movement of workers, representing the interests of businesses who would like to be able to hire migrant workers more freely. It linked 25 state-based coalitions of businesses. The organization also had a sister foundation, ImmigrationWorks Foundation, that was a registered 501(c)(3) charitable organization.
Founders Pledge is a London-based charitable initiative, where entrepreneurs commit to donate a portion of their personal proceeds to charity when they sell their business. Inspired by effective altruism, the mission of Founders Pledge is to "empower entrepreneurs to do immense good".
Open Philanthropy is a research and grantmaking foundation that makes grants based on the principles of effective altruism. It was founded as a partnership between GiveWell and Good Ventures. Its current chief executive officer is Alexander Berger, and its main funders are Cari Tuna and Dustin Moskovitz. Moskovitz says that their wealth, worth $16 billion, "belongs to the world. We intend not to have much when we die."
Cari Tuna is an American nonprofit businessperson. Formerly a reporter for The Wall Street Journal, she co-founded and works for the organizations Open Philanthropy and Good Ventures.
ICONIQ Capital is an American investment management firm headquartered in San Francisco, California. It functions as a hybrid family office providing specialized financial advisory, private equity, venture capital, real estate, and philanthropic services to its clientele. ICONIQ Capital primarily serves ultra-high-net-worth clients working in technology, high finance, and entertainment. The firm operates in-house venture capital, growth equity, and charitable giving funds for its clients.