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Anthropic’s Public Benefit Fund

Bar chart placing the Anthropic Public Benefit Fund at $48 billion among the world’s largest foundations, behind the Gates Foundation and Wellcome Trust

Anthropic is putting 5% of its shares into a new Public Benefit Fund, pending stockholder approval. The board can add 2% more for every 50% jump in company value. Counting founder and employee pledges, it says roughly 20% of its equity now points toward the public good.

Anthropic didn’t give a dollar figure. At the $965 billion valuation reported in May, 5% would be about $48 billion on paper.

The fund is an LLC, which gives it room to give in different ways, from big grants to nonprofits to paying people directly. The example Anthropic gives is workers whose jobs AI changes. It won’t fund lobbying or political giving. Who decides how the money gets spent is still to come.


This was originally posted as a New Arrival in Average Faces · The Catalog · №011, an issue of my weekly newsletter The Catalog. You can Subscribe for weekly insights, or get in touch to talk about what this means for your business.

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