The FTX Foundation is a non-profit organization with the mandate to donate to cost-effective charities 1% of all fees collected by FTX, a cryptocurrency derivatives exchange founded by Sam Bankman-Fried.

In July 2021, FTX Foundation launched FTX Climate, an initiative to make FTX carbon neutral by the end of 2021; to fund promising research on climate change; and to support various other climate-related projects (Bankman-Fried 2021; PRNewswire 2021). In late October 2021, FTX Foundation announced a fellowship program to support individuals working in high-impact projects and to build an effective altruism community in the Bahamas, where FTX is headquartered (FTX Foundation 2021).

Bibliography

Bankman-Fried, Sam (2021) The FTX Foundation for charitable giving, FTX Research, February 8....

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