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The Future Fund’s Regranting Program

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Authors

leopold·Nick_Beckstead

Credibility Rating

3/5
Good(3)

Good quality. Reputable source with community review or editorial standards, but less rigorous than peer-reviewed venues.

Rating inherited from publication venue: EA Forum

This program was launched by the FTX Future Fund in early 2022 and is historically notable given the subsequent collapse of FTX in November 2022, which abruptly ended the program and left many grantees without promised funding.

Forum Post Details

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120
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11
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eaforum
Forum Tags
FTX FoundationFuture FundGrantmaking

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Importance: 28/100blog postprimary source

Summary

The FTX Foundation's Future Fund announced a decentralized regranting program in February 2022, giving independent part-time grantmakers discretionary budgets of $250k to several million dollars to distribute over six months. The program aimed to scale philanthropic grantmaking by empowering a broader network of people to identify high-impact opportunities that centralized funders might overlook.

Key Points

  • Launched with an initial cohort of 21 regrantors, each given discretionary budgets typically in the $250k–few million range to spend over ~6 months.
  • Program was explicitly experimental, designed to test whether decentralized grantmaking could scale effectively and surface opportunities missed by centralized funders.
  • Grant recommendations were screened primarily for downside risks, conflicts of interest, and consistency with charitable mission rather than heavy top-down oversight.
  • Regrantors were independent contractors, not FTX/Future Fund employees, and were compensated based on quality and volume of their grantmaking.
  • Program prioritized funding new projects over established EA-funded organizations, aiming to expand the philanthropic frontier.

Cited by 1 page

PageTypeQuality
FTX Future FundOrganization60.0

Cached Content Preview

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# The Future Fund’s Regranting Program
By leopold, Nick_Beckstead
Published: 2022-02-28
The FTX Foundation's [Future Fund](https://forum.effectivealtruism.org/posts/k8qkrjS8bxqxyLY9F/announcing-the-future-fund) is a philanthropic fund making grants and investments to ambitious projects in order to improve humanity's long-term prospects.

Our regranting program will offer discretionary budgets to independent part-time grantmakers, to be spent in the next ~6 months. Budgets will typically be in the $250k-few million range. We've already invited a first cohort of 21 regrantors to test the program.

Large funders aren’t always aware of the best opportunities. We want to try a decentralized approach. We hope to empower a range of interesting, ambitious, and altruistic people to drive funding decisions through a rewarding, low-friction process. 

We are just getting started and we'd like to fund a lot of great projects. So our [primary goal for 2022](https://ftxfuturefund.org/our-2022-plans/) is to perform bold tests of new approaches to scaling grantmaking. We very much consider this an experiment, and our goal is to decisively test whether this kind of program works. 

If successful, this program will help us identify great grants that we would have missed, help new people launch exciting projects, and find and empower people who could be strong grantmakers.

We're also aware that the program could cause various problems. We'll try to minimize these downsides by being thoughtful about who we select, providing relevant guidance, and carefully screening grant recommendations for downside risks and conflicts of interest.

We’re so excited to see what regrantors come up with!

Become a regrantor 
-------------------

We’re planning to invite additional regrantors to join the program in a month or so. Some of these will come from our existing networks, but we’re also opening up a public process to be considered as a regrantor. 

*   If you’d like to be considered as a regrantor, please
    *   1\. Recommend at least one grant via our [grant recommendation form](https://docs.google.com/forms/d/1UCEPeUc9f-9e1ANspTBk_hVkGT64inm5i4yHcOBzLr4/edit?ts=620d2d2a).
    *   2\. Fill out this brief [regrantor expression of interest](https://docs.google.com/forms/d/e/1FAIpQLSeyEog6H7knTSxjfZpDYneDlBj8GQkVAlzT0bOEpSMfgKa1SQ/viewform) form.
*   You can also recommend someone be considered as a regrantor [here](https://docs.google.com/forms/d/1L7QsjPnVYhaG5c251BDzAw2z9tPJH8DibKslvtgHENM/edit).

If you’re interested, please fill these out as soon as possible; we’re reviewing materials on a rolling basis. 

### About the role

Regrantors will be assigned a discretionary budget, from which they can make grant recommendations. These will be screened primarily for downside risk, conflicts of interest, and consistency with our charitable mission and tax-exempt status. An exception is that we are less likely to approve funding for orgs that are already standard targets for EA f

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