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Good Ventures

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Good Ventures
Founded2011; 13 years ago (2011)
Founder
TypePrivate foundation
45-2757586[1]
Key people
  • Cari Tuna
  • Dustin Moskovitz
Revenue (2015)
$177,849,222
Websitegoodventures.org

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.

History

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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]

Operations

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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]

See also

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References

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  1. ^ "Good Ventures Form 990 2015". ProPublica. 9 May 2013. Retrieved 18 September 2017.
  2. ^ "Largest foundations in Silicon Valley". Silicon Valley Business Journal. Retrieved 2022-02-06.
  3. ^ a b "Another Facebook Co-Founder Gets Philanthropic". The Chronicle of Philanthropy. 2012-01-10. Retrieved 2022-02-07.
  4. ^ Gose, Ben (November 3, 2013). "A Facebook Co-Founder and His Wife Use Effective Altruism to Shape Giving". Chronicle of Philanthropy. Retrieved March 25, 2014.
  5. ^ a b "Cari Tuna and Dustin Moskovitz: Young Silicon Valley billionaires pioneer new approach to philanthropy - The Washington Post". The Washington Post. Retrieved 2022-02-06.
  6. ^ Matthews, Dylan (April 24, 2015). "You have $8 billion. You want to do as much good as possible. What do you do?". Vox. Retrieved April 27, 2015.
  7. ^ Olanoff, Drew (March 12, 2013). "Dustin Moskovitz And Cari Tuna Launch Site For Their Philanthropic Foundation, Good Ventures". TechCrunch. Retrieved March 25, 2014.
  8. ^ Karnofsky, Holden (August 20, 2014). "Open Philanthropy Project (formerly GiveWell Labs)". GiveWell. Retrieved April 27, 2015.
  9. ^ Ventures, Good. "Grantmaking Approach". Good Ventures. Retrieved 2022-02-06.
  10. ^ "Cari Tuna and Dustin Moskovitz: Young Silicon Valley billionaires pioneer new approach to philanthropy - The Washington Post". The Washington Post. Retrieved 2022-02-06.
  11. ^ "Big tech bankrolls BLM in exchange for net neutrality support". 24 April 2021. Retrieved 2022-02-06.
  12. ^ "Wringing the Most Good Out of a Facebook Fortune". The Chronicle of Philanthropy. 2015-12-01. Retrieved 2022-02-06.
  13. ^ Carpenter, Scott (2021-10-19). "Facebook co-founder Dustin Moskovitz builds a second fortune". The Sydney Morning Herald. Retrieved 2022-02-06.
  14. ^ "Dustin Moskovitz". Forbes. Retrieved 2022-02-06.
  15. ^ "Grants Database". Good Ventures. Retrieved 2013-04-20.
  16. ^ "Other Investments". Good Ventures. Retrieved March 25, 2014.
  17. ^ "Vicarious Announces $15M Series A Funding Led by Good Ventures". Good Ventures. August 21, 2012. Retrieved March 25, 2014.
  18. ^ Ha, Anthony (August 21, 2012). "Vicarious Raises $15M Led By Dustin Moskovitz's Good Ventures To Build Software That 'Learns Like A Human'". TechCrunch. Retrieved March 25, 2014.
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