All of JueYan's Comments + Replies

Thanks for that! That seems reasonable. I'd like to point out that this advice only applies to US staff, who have an obligation to report their foreign accounts (above some balance). I'd assume only the folks who have access / authority over the account have a filing requirement, not all US staff in the org. My experience is that this level of FBAR reporting isn't onerous.

https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-accounts-fbar

You need this information, and only the last requires some math:
 

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I’ve also heard that Mercury has a great user experience, but as you mentioned, sadly, they’re not available for nonprofits. For a for-profit, your money market sweep goes to the Vanguard Treasury Money Market Fund, which is awesome: a reputable provider, $59bn under management, and 5.24% yield*. Mercury also offers a multi-bank sweep option, where you can put your balance across say 20 banks, so you get 20x the $250k FDIC limit in government protection.

If it weren’t for these “invincibility”** features, Mercury may well have failed when Silicon Valley Ban... (read more)

This is an observation, not an inference.

1) I recently compiled an (admittedly imperfect) list of the 10 senior investors most qualified to give EA investing advice. To avoid calling anyone out, [0 to 1] of the top 10 investing posts are authored by one of these senior folks, and scrolling quickly through top comments, [0 to 2] comments on these posts are by these senior folks.

2) I recently tried to gather 8 of the 10 to discuss investing strategy. 6 of us were able to meet, and our #2 and #3 deliverables coming out of that were “write a forum post on why ... (read more)

AFAIK, the SFF main grant cycle budget isn’t increasing. Rather, this initiative looks to pull a larger fraction of the next (unannounced, usually semi-annual) grant round’s funding to the near future with speculation grants, which can help smooth out consumption / help deal with acute needs.

I agree that the EA funding environment, especially for longtermist and meta orgs, is shrinking quite a lot, and folks should plan accordingly.

SFF routinely makes grants of both types. The “specific project” scope tends to be pretty broad, like “general support of 80,000 Hours, a project of CEA”.

SFF grant recipients need to be charities or orgs hosted by charities (for example, with a fiscal sponsorship from Rethink Priorities). This means SFF is unlikely to be a good fit for most individuals. I believe Nonlinear is able to facilitate grants to US citizens, and Open Phil should be able to make grants to individuals generally, although I think they’re quite bandwidth-constrained at the moment.