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20 - ORGANIZATIONS/PRIVATE/Good Ventures.md
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@ -44,6 +44,11 @@ relations:
with: "[[Open Philanthropy]]"
role: "nearly all of its grant money"
fn: 6
- type: contractor_to
with: "[[Silicon Valley Community Foundation]]"
reverse: true
role: "administrative support and grant processing"
fn: 14
created: 2026-06-20
updated: 2026-09-23
---
@ -68,6 +73,18 @@ Open Philanthropy, renamed Coefficient Giving in November 2025, draws nearly all
The foundation's assets were 27 million dollars in the fiscal year ending June 2013, 1.02 billion in 2017, 3.34 billion in 2020, 5.86 billion in 2023 and 10.11 billion in 2025. Contributions received were 1.02 billion dollars in fiscal 2020, 1.91 billion in 2023, 801 million in 2024 and 1.40 billion in 2025, when it also reported 847 million dollars from sales of assets and paid 338 million dollars in charitable disbursements.[^2] In 2026 it held 1,720,916 Class A shares of Asana, the company Moskovitz controls; Asana's proxy statement said that Moskovitz and "his spouse serve as directors on the board of Good Ventures Foundation and may be deemed to have shared voting and dispositive power" over them. The same proxy disclosed that Asana bought 1.1 million dollars of AI services from [[Anthropic]], in which Moskovitz "has a minority ownership interest."[^9] In April 2026 the *[[Washington Examiner]]* reported that in 2025 Moskovitz had transferred his Anthropic stake, "which had reportedly grown to roughly $500 million, to his charity to avoid the appearance of conflicts of interests," without naming the entity.[^10]
### The Action Fund
The Open Philanthropy Action Fund, renamed Coefficient Giving Action Fund, EIN 81-2644663, is a 501(c)(4) that files in care of Apercen Partners at 314 Lytton Avenue, the foundation's own address. Tuna, Moskovitz and Makan have sat on its board on every return since 2017, with Van Loben Sels as treasurer, joined by Open Philanthropy's chief executives, Holden Karnofsky and Alexander Berger, and in 2017 and 2018 by Hassenfeld. It reported about 270.4 million dollars in contributions from 2016 to 2023, and liabilities greater than its assets at the end of each year from 2021 to 2023.[^11] On October 29, 2019, it gave 750,000 dollars to the non-contribution account of [[Real Justice PAC]], listing its address as 314 Lytton Avenue, Suite 200.[^12] Its lobbyists reported about 1.53 million dollars in income from it between 2021 and mid-2026.[^4]
### The Supporting Organization
A second tax-exempt entity named simply Good Ventures, EIN 45-2757586, files in care of the Silicon Valley Community Foundation at the community foundation's own headquarters, 2440 West El Camino Real, Suite 300, [[Mountain View, California|Mountain View]]. Its [[Internal Revenue Service]] record classifies it as a 509(a)(3) supporting organization, and its tax exemption was ruled on September 1, 2012, six months before the Good Ventures Foundation's own exemption in March 2013. It received 79.3 million dollars in contributions in fiscal 2012, 80.1 million in 2013, 70.5 million in 2014, 174.6 million in 2015, 38.3 million in 2016 and 6.1 million in 2017. In fiscal 2017 its total expenses were 188.9 million dollars against revenue of 26.7 million, and its net assets fell from 262.0 million dollars at the end of fiscal 2016 to 99.4 million a year later. A return for the fiscal year ending October 2018 is listed without extracted data, and no later return appears in the index.[^13]
A document prepared for a GiveWell board meeting of June 17, 2015, stated: "The Silicon Valley Community Foundation provides some administrative support to Good Ventures including some support on grants made via OP. This is not included in Good Ventures' support of OP and GiveWell." It recorded that Tuna, as president of Good Ventures, sat on Open Philanthropy's leadership team with Elie Hassenfeld, Alexander Berger and "Howie," and decided whether to approve grants, and that Good Ventures had filed for the Open Philanthropy Project trademark and owned the openphilanthropy.org address.[^14] Open Philanthropy's grantmaking process page states that "The Open Philanthropy Project, LLC (the organization that employs most Open Philanthropy staff) generally does not pay grants directly, but instead submits formal recommendations to one of our external funding partners, such as the Silicon Valley Community Foundation or the Good Ventures Foundation, which then conducts legal due diligence and a formal approval process to determine whether or not to fund the grant."[^15]
Good Ventures LLC, which Gunther described as a for-profit impact investment firm, does not appear as a filer in the [[Securities and Exchange Commission]]'s company index, and no filing in the commission's full-text index names it together with Moskovitz.[^16] *Forbes* reported in 2025 that most of Good Ventures' impact investments were in drug development and that its largest holdings included [[Impossible Foods]], its first impact investment, and the semiconductor and technology companies [[TSMC]], [[ASML]], [[Nvidia]] and [[Microsoft]].[^17]
### Footnotes
[^1]: Gunther, Marc. "Giving in the Light of Reason." *Stanford Social Innovation Review,* Summer 2018. https://ssir.org/articles/entry/giving_in_the_light_of_reason
@ -80,3 +97,10 @@ The foundation's assets were 27 million dollars in the fiscal year ending June 2
[^8]: Smith, Ben. "Coefficient Giving's CEO on Silicon Valley's $40 billion philanthropy boom." *Semafor,* September 3, 2026. https://www.semafor.com/article/09/03/2026/coefficient-givings-ceo-on-silicon-valley-40-billion-philanthropy-boom
[^9]: Asana, Inc. Schedule 14A definitive proxy statement, filed April 20, 2026. https://www.sec.gov/Archives/edgar/data/1477720/000162828026025998/asan-20260420.htm
[^10]: Schmad, Robert. "Documents show how a tech-connected nonprofit shaped Biden-era AI policy." *Washington Examiner,* April 17, 2026. https://www.washingtonexaminer.com/news/investigations/4532389/
[^11]: ProPublica Nonprofit Explorer, "Coefficient Giving Action Fund" (formerly Open Philanthropy Action Fund), EIN 81-2644663, organization record, Form 990 data and Part VII officer listings for fiscal years 2016 to 2024, retrieved September 23, 2026. https://projects.propublica.org/nonprofits/organizations/812644663
[^12]: Federal Election Commission, Schedule A receipt from "Open Philanthropy Action Fund," 750,000 dollars, October 29, 2019, reported by Real Justice PAC (C00632554) on its 2019 year-end Form 3X, image 202007029244274196, retrieved September 23, 2026. http://docquery.fec.gov/cgi-bin/fecimg/?202007029244274196
[^13]: ProPublica Nonprofit Explorer, "Good Ventures," EIN 45-2757586, organization record and Form 990 data for fiscal years 2011 to 2017. https://projects.propublica.org/nonprofits/organizations/452757586
[^14]: GiveWell, "Attachment C: The Open Philanthropy Project: Good Ventures' and GiveWell's roles and responsibilities," board meeting of June 17, 2015. https://files.givewell.org/files/ClearFund/Meeting_2015_06_17/Attachment_C_Open_Phil_roles_and_responsibilities.pdf
[^15]: Open Philanthropy, "Grantmaking Process," archived November 19, 2025. http://web.archive.org/web/20251119074907id_/https://www.openphilanthropy.org/grantmaking-process/
[^16]: U.S. Securities and Exchange Commission, EDGAR company search for "Good Ventures" and full-text search for "Good Ventures LLC" with "Moskovitz," searched September 23, 2026. https://efts.sec.gov/LATEST/search-index?q=%22Good%20Ventures%20LLC%22%20Moskovitz
[^17]: Liu, Phoebe. "Inside A Billionaire Couple's Plan To Give Away A $20 Billion Facebook Fortune." *Forbes,* November 7, 2025, updated version, archived. http://web.archive.org/web/20260730221730id_/https://www.forbes.com/sites/phoebeliu/2025/11/07/cari-tuna-billionaire-open-philanthropy-facebook/