Open Philanthropy launches $120 million fund to promote abundance
Support for the fund includes a $60 million investment from Moskovitz and Tuna’s Good Ventures foundation, with matching support from Stripe founder Patrick Collison and other donors. Good Ventures activities are closely associated with the effective altruism movement, which advocates for a cost-benefit approach to philanthropy in order to produce the greatest good. Open Philanthropy—which supports the Yes In My Backyard housing development movement—identifies governmental regulation and “institutional sclerosis” as the key drivers of scarcity, rising costs, slow economic growth, and stifled innovation.