Thanks, that’s good to hear. What form does the pledge take? Do you have a DAF that contains half your shares? When do you think the next liquidation opportunity might be? (I guess you weren’t eligible for the one in May[1]?)
I’m disappointed that no one (EA-ish or otherwise) seems do have done anything interesting with that liquidation opportunity.
I’ve spent a lot of time this year on tax-and-donation planning, and helping colleagues with their plans. Some very substantial, largely still confidential, things have indeed been done, and I think they will pay off very nicely starting probably-next-year and scaling up over time.
The details are complicated, vary a lot person-to-person, and I’m not sure which are OK to share publicly; the TLDR is that relatively early employees have a 3:1 match on up to 50% of their equity, and later employees a 1:1 match on up to 25%.
I believe that many people eligible for earlier liquidation opportunities used the proceeds from said liquidation to exercise additional stock options, because various tax considerations mean that doing so ends up being extremely leveraged for one’s donation potential in the future (at least if one expects the value of said options to increase over time); I expect that most people into doing interesting impact-maximizing things with their money took this route, which doesn’t produce much in the way of observable consequences right now.
Interesting. I really hope that some of them do something, soon. Time is fast running out. There’s no point being a rich philanthropist (or rich, or a philanthropist) if the world gets destroyed before you deploy your resources.
Thanks, that’s good to hear. What form does the pledge take? Do you have a DAF that contains half your shares? When do you think the next liquidation opportunity might be? (I guess you weren’t eligible for the one in May[1]?)
I’m disappointed that no one (EA-ish or otherwise) seems do have done anything interesting with that liquidation opportunity.
I’ve spent a lot of time this year on tax-and-donation planning, and helping colleagues with their plans. Some very substantial, largely still confidential, things have indeed been done, and I think they will pay off very nicely starting probably-next-year and scaling up over time.
Good to hear. Look forward to seeing the results!
The details are complicated, vary a lot person-to-person, and I’m not sure which are OK to share publicly; the TLDR is that relatively early employees have a 3:1 match on up to 50% of their equity, and later employees a 1:1 match on up to 25%.
I believe that many people eligible for earlier liquidation opportunities used the proceeds from said liquidation to exercise additional stock options, because various tax considerations mean that doing so ends up being extremely leveraged for one’s donation potential in the future (at least if one expects the value of said options to increase over time); I expect that most people into doing interesting impact-maximizing things with their money took this route, which doesn’t produce much in the way of observable consequences right now.
Interesting. I really hope that some of them do something, soon. Time is fast running out. There’s no point being a rich philanthropist (or rich, or a philanthropist) if the world gets destroyed before you deploy your resources.
(I say this as someone who has already put a lot of their money where their mouth is.)