Good Ventures
 |
|
| Founded | 2011 |
|---|---|
| Founder |
|
| Type | private foundation |
|
Key people
|
|
| Website | goodventures |
Good Ventures is an impact-focused private foundation and philanthropic organization in San Francisco. 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. Unlike many other foundations, that aim to maintain an endowment indefinitely or at least for a very long period of time, Good Ventures aims to spend out most or all of its money before Moskovitz and Tuna die.
Tuna, a reporter at the San Francisco bureau of the Wall Street Journal, and Dustin Moskovitz, Facebook co-founder, met on a blind date in 2009 at the recommendation of a friend. In 2010, Moskovitz signed the Giving Pledge, and he and Tuna began investigating how best to give away the money.
Tuna first learned about charity evaluator GiveWell and the movement for effective giving after reading The Life You Can Save, a book by ethicist and philosopher Peter Singer, 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.
In March 2013, Good Ventures launched its own website. In August 2014, GiveWell Labs, an internal project of GiveWell, morphed into the Open Philanthropy Project, a joint venture of GiveWell and Good Ventures, and got a separate website.
Good Ventures plans to spend out the majority of its money before the death of Moskovitz and Tuna, rather than be a foundation in perpetuity. Most of the money for the foundation comes from the stock Moskovitz obtained as a Facebook co-founder. They are working closely with charity evaluator GiveWell to determine how to spend their money wisely. At GiveWell's recommendation, Good Ventures is not currently spending a significant share of the couple's wealth, but they plan to up their spending to 5% of the foundation's wealth every year once GiveWell has built sufficient capacity to help allocate that level of money.
...
Wikipedia