Nan Ransohoff

Traditional philanthropies also face these days a ton of internal pressure from employees to employees and the leaders of the orgs are often way out of step culturally, what they want politically, philosophically.

I think in some ways, what Nan Ransohoff would call the third wave of philanthropy can avoid some of these problems.

I think there's not a huge gap between the rank and file, which in a traditional org might be really committed to environmental justice versus leadership.

There's some of these problems that may not be the case.

Now, what's interesting is that although we are starting to get details, the philanthropic world has been looking over at AI wealth for a while and starting to prepare for a very different paradigm.

Earlier this year, Nan Ransohoff, a Stripe executive focused on public good, wrote a blog post called The Third Wave of American Philanthropy.

Between the OpenAI Foundation holding 26% of OpenAI and Anthropic's seven co-founders pledging to give away 80% of their wealth, Nan wrote, I was doing some simple napkin math to wrap my head around the scale of what's coming and radicalized myself in the process.

I had dramatically underappreciated the scale of the philanthropic capital that's about to become available and the corresponding gap in talent and organizations that will be needed to make the most of it.