{"id":453,"date":"2022-02-28T06:13:00","date_gmt":"2022-02-28T14:13:00","guid":{"rendered":"https:\/\/ftxfuturefund.org\/?p=453"},"modified":"2022-03-04T10:06:35","modified_gmt":"2022-03-04T18:06:35","slug":"announcing-our-regranting-program","status":"publish","type":"post","link":"https:\/\/ftxfuturefund.org\/announcing-our-regranting-program\/","title":{"rendered":"Announcing Our Regranting Program"},"content":{"rendered":"\n<p>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&#8217;ve already invited a first cohort of 21 regrantors to test the program.<\/p>\n\n\n\n<p>Large funders aren\u2019t 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.&nbsp;<\/p>\n\n\n\n<p>We are just getting started and we&#8217;d like to fund a lot of great projects. So our <a href=\"https:\/\/ftxfuturefund.org\/our-2022-plans\/\" data-type=\"post\" data-id=\"518\">primary goal for 2022<\/a> 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.&nbsp;<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>We&#8217;re also aware that the program could cause various problems. We&#8217;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.<\/p>\n\n\n\n<p>We\u2019re so excited to see what regrantors come up with!<\/p>\n\n\n\n<h2 id=\"become-a-regrantor\">Become a regrantor&nbsp;<\/h2>\n\n\n\n<p>We\u2019re 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\u2019re also opening up a public process to be considered as a regrantor.&nbsp;<\/p>\n\n\n\n<ul><li>If you\u2019d like to be considered as a regrantor, please<ul><li>Recommend at least one grant via our <a rel=\"noreferrer noopener\" href=\"https:\/\/docs.google.com\/forms\/d\/1UCEPeUc9f-9e1ANspTBk_hVkGT64inm5i4yHcOBzLr4\/edit?ts=620d2d2a\" target=\"_blank\">grant recommendation form<\/a>.<\/li><li>Fill out this brief <a rel=\"noreferrer noopener\" href=\"https:\/\/docs.google.com\/forms\/d\/e\/1FAIpQLSeyEog6H7knTSxjfZpDYneDlBj8GQkVAlzT0bOEpSMfgKa1SQ\/viewform\" target=\"_blank\">regrantor expression of interest<\/a> form.<\/li><\/ul><\/li><li>You can also recommend someone be considered as a regrantor <a rel=\"noreferrer noopener\" href=\"https:\/\/docs.google.com\/forms\/d\/1L7QsjPnVYhaG5c251BDzAw2z9tPJH8DibKslvtgHENM\/edit\" target=\"_blank\">here<\/a>.<\/li><\/ul>\n\n\n\n<p>If you\u2019re interested, please fill these out as soon as possible; we\u2019re reviewing materials on a rolling basis.<\/p>\n\n\n\n<h3 id=\"about-the-role\">About the role<\/h3>\n\n\n\n<p>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 funders, because we mainly want to fund new things.<\/p>\n\n\n\n<p>The regranting pot expires after 6 months. Regrantors will be compensated for their work based on the quality and volume of their grantmaking.<\/p>\n\n\n\n<p>The role is extremely independent. While we&#8217;ll provide some documents with basic guidance, regrantors are expected to come up with all of their own ideas for the grants they recommend, do all the necessary communication with grantees, and ensure the quality of their own work. Once the grant recommendation is reviewed and approved, we&#8217;ll take care of the grantee getting the money\u2014but that&#8217;s all we&#8217;re planning to provide for this program.<\/p>\n\n\n\n<p>While we will fund their grants, regrantors will not be Future Fund\/FTX Foundation employees or be authorized to speak for the Future Fund\/FTX Foundation.<\/p>\n\n\n\n<h3 id=\"what-we-re-looking-for\">What we\u2019re looking for<\/h3>\n\n\n\n<p>We&#8217;re looking for people who have great grant ideas that we&#8217;re likely to miss.&nbsp;<\/p>\n\n\n\n<p>We\u2019ll also lean towards giving this opportunity to people who don\u2019t already have easy access to funds, and those for whom it might make a valuable learning experience. (The regrantors we invite won\u2019t just be a \u201cwho\u2019s who\u201d of EA\u2014we expect that many of the effective altruists we most admire will receive no regranting pot at all.)<\/p>\n\n\n\n<p>We think excellent regrantors will:<\/p>\n\n\n\n<ul><li>Have expertise related to our <a href=\"https:\/\/ftxfuturefund.org\/area-of-interest\/\" data-type=\"page\" data-id=\"28\" target=\"_blank\" rel=\"noreferrer noopener\">areas of interest<\/a> and <a href=\"https:\/\/ftxfuturefund.org\/projects\/\" data-type=\"page\" data-id=\"30\" target=\"_blank\" rel=\"noreferrer noopener\">project ideas<\/a>.<\/li><li>Have good judgment about people and projects.<\/li><li>Leverage their diverse networks.<\/li><li>Be proactive and have an entrepreneurial drive. We think the best grants will require actively going out and helping things get started, or finding new people.&nbsp;<\/li><li>Experiment with new things, to teach us about new approaches to grantmaking or areas we aren&#8217;t familiar with.<\/li><\/ul>\n\n\n\n<p>In addition, we ask that regrantors:<\/p>\n\n\n\n<ul><li>Communicate professionally.&nbsp;<\/li><li>Create a good experience for grantees and potential grantees.&nbsp;<\/li><li>Be sensitive to the effects their funding has on the ecosystems they work in.<\/li><\/ul>\n\n\n\n<p>Types of grants we\u2019re especially interested in:<\/p>\n\n\n\n<ul><li><em>Incubating new projects. <\/em>We\u2019d love to see regrantors help seed new projects. We\u2019re especially interested in new projects that could eventually scale up dramatically. (Read more about our vision for massively scalable projects <a href=\"https:\/\/ftxfuturefund.org\/massively-scalable-projects\/\" data-type=\"post\" data-id=\"97\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.)&nbsp;<\/li><li><em>Bringing in new people. <\/em>We\u2019re keen on regrantors finding talented people, who they believe have promise for making an effective contribution, and helping them get started.&nbsp;&nbsp;<\/li><li><em>New approaches. <\/em>We\u2019re interested in getting our feet wet on new types of projects even if they haven\u2019t received much longtermist attention so far.<\/li><li><em>Local knowledge. <\/em>Are there easy opportunities to support the work of people in the regrantor\u2019s network? Is there a specific, tractable subproblem in the regrantor\u2019s field, for which they could announce a big prize?&nbsp;<\/li><\/ul>\n\n\n\n<p>We look forward to hearing from you!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;ve already invited a first cohort of 21 regrantors to test the program. Large funders aren\u2019t always aware of the best opportunities. We want to try a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Announcing Our Regranting Program - Future Fund<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ftxfuturefund.org\/announcing-our-regranting-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Announcing Our Regranting Program - Future Fund\" \/>\n<meta property=\"og:description\" content=\"Our regranting program will offer discretionary budgets to independent part-time grantmakers, to be spent in the next ~6 months. 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