AI's emerging millionaires urged to give to existing nonprofits

1. 1SpaceX's IPO this summer is set to create roughly 4,400 new millionaires, with Anthropic and OpenAI expected to follow soon
2. 2The 1.8 million U.S. nonprofits deploy about $600 billion in annual giving, and MacKenzie Scott has donated more than $26 billion to existing organizations since 2019
3. 3A Center for Effective Philanthropy study found 90% of grant recipients reported stronger finances and operations, prompting the authors to call on directing AI wealth to existing nonprofits

Source Fortune · View original ↗

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