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Open Phil is seeking applications from grantees impacted by recent events
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Bastian_Stern
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This post documents the AI safety funding ecosystem's response to the November 2022 FTX collapse, which disrupted many longtermist organizations that had received or expected Future Fund grants.
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eaforum
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CommunityBuilding effective altruismFTX-collapse-related resourcesCoefficient GivingEffective altruism fundingFTX collapse
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Summary
Following the collapse of FTX and its Future Fund, Open Philanthropy opened an emergency application process for affected grantees in longtermist focus areas including AI safety, biosecurity, and EA community building. Open Phil applied standard cost-effectiveness criteria while acknowledging a higher bar, and also sought major donors to help fill the funding gap.
Key Points
- •Emergency applications opened for organizations that lost FTX Future Fund commitments or were otherwise disrupted by FTX's collapse.
- •Focus areas covered: AI risk, biosecurity, and EA community building—core longtermist cause areas.
- •Open Phil maintained standard cost-effectiveness criteria but acknowledged raising the bar, meaning many applications may not be funded.
- •Organizations wishing to return already-received FTX funds to creditors could apply for replacement funding.
- •Major donors willing to commit at least $250k were invited to co-fund impacted grantees alongside Open Phil.
Cited by 3 pages
| Page | Type | Quality |
|---|---|---|
| EA Epistemic Failures in the FTX Era | -- | 84.0 |
| EA Institutions' Response to the FTX Collapse | -- | 53.0 |
| FTX Collapse: Lessons for EA Funding Resilience | Concept | 78.0 |
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# [Open Phil is seeking applications from grantees impacted by recentevents](https://forum.effectivealtruism.org/posts/HPdWWetJbv4z8eJEe/open-phil-is-seeking-applications-from-grantees-impacted-by)
by [Bastian\_Stern](https://forum.effectivealtruism.org/users/bastian_stern?from=post_header)
Nov 16 20222 min read20
# 415
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We (Open Phil) are seeking applications from grantees affected by the recent collapse of the FTX Future Fund (FTXFF) who fall within our long-termist focus areas (biosecurity, AI risk, and building the long-termist EA community). **If you fit the following description,** **please fill out** [**this application form**](https://airtable.com/shrhYTwaNK0W5mUJc).
We’re open to applications from:
- Grantees who never received some or all of their committed funds from FTXFF.
- Grantees who received funds, but want to set them aside to return to creditors or depositors.
- We think there could be a number of complex considerations here, and we don’t yet have a clear picture of how we’ll treat requests like these. We’d encourage people to apply if in doubt, but to avoid making assumptions about whether you’ll be funded (and about what our take will end up being on what the right thing to do is for your case). (Additionally, we’re unsure if there will be legal barriers to returning funds.) That said, we’ll do our best to respond to urgent requests quickly, so you have clarity as soon as possible.
- Grantees whose funding was otherwise affected by recent events.\[1\]
Please note that this form does not guarantee funding. We intend to evaluate applications using the same standard as we would if they were coming through one of our other longtermist programs — we will evaluate whether they are a cost-effective way to positively influence the long-term future. [As described in Holden’s post](https://forum.effectivealtruism.org/posts/mCCutDxCavtnhxhBR/some-comments-on-recent-ftx-related-events), we expect our cost-effectiveness “bar” to rise relative to what it has been in the past, so unfortunately we expect that some of the applications we receive (and possibly a sizeable fraction of them) will not be successful. That said, this is a sudden disruptive event and we plan to take into account the benefits of stability and continuity in our assessment.
**We’ll prioritize getting back to applicants who indicate time sensitivity** and wh
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