Change reflects organization’s growing role as advisor to many major philanthropists Coefficient Giving has directed more than $4 billion in giving since 2014 SAN FRANCISCO – Today, philanthropic funder and advisor Open Philanthropy announced it is becoming Coefficient Giving, reflecting its evolution from working primarily with one philanthropic partner to...
Our new name marks our next chapter as we double down on our longstanding goal of helping more funders increase their impact. We believe philanthropy can be a far more vital force for progress than it is today.
A coefficient multiplies the value of whatever it’s paired with, just as we aim to amplify impact through our research, grantmaking, and partnerships. We knew that any name would take some getting used to, but this one captured something essential about our work.
Our Potential Risks from Advanced AI program is now called Navigating Transformative AI. While the vast majority of work we fund is still aimed at catastrophic risk mitigation, the new name better captures the full breadth of what we aim to support: work that helps humanity to successfully navigate the transition to transformative AI.
After a competitive process, we have decided to promote Matt to the role of senior program officer to lead our work in the space. His innovation policy grantmaking played a major role in our decision to launch the fund in the first place, and he has shown exceptional judgment in considering new areas for expansion — a key skill needed for this early phase of the Fund.
In October 2024, we shared our plans to launch a new program in partnership with the Livelihood Impact Fund to help stimulate economic growth in low- and middle-income countries (LMICs), with at least $40 million in funding over the first three years. After an extremely competitive hiring round, we’re excited to announce that we’ve hired Justin Sandefur to lead the program.
We are excited to announce the launch of our new Abundance & Growth Fund, which will spend at least $120 million over the next three years to accelerate economic growth and boost scientific and technological progress while lowering the cost of living.
Editor’s note: This article was published under our former name, Open Philanthropy. In 2024, grantees in Open Philanthropy’s Global Health and Wellbeing (GHW) portfolio made progress toward developing a next-generation malaria vaccine, successfully advocated for U.K. retailers to adopt a new welfare standard that we expect to improve conditions...
Rossa O'Keeffe-O'Donovan, Rafael Latham-Proença and Oliver Kim
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Announcements
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October 16, 2024
Editor’s note: This article was published under our former name, Open Philanthropy. Some content may be outdated. You can see our latest writing here. This is a high-level summary of our approach to launching a program focused on economic growth in low- and middle-income countries (LMICs) and not a medium...
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