I’m glad your team is equipped to do small, quick grants—from where I am on the outside, it’s easy to accidentally think of OpenPhil as a single funding monolith, so I’m always grateful for directional updates that help the community understand how to better orient to y’all.
I agree that 3months seems reasonable when 500k+ is at stake! (I think, just skimming the application, I mentally rounded off “3 months or less” to “about 3 months”, as kind of a learned heuristic on how orgs relate to timelines they publish.)
As another data point from the Survival and Flourishing Funds, turnaround (from our application to decision) was about 5 months this year, for an ultimately 90k grant (we were applying for up to 1.2m). I think this year they were unusually slow due to changing over their processes; in past years it’s been closer to 2-3 months.
Our own philosophy at Manifund does emphasize “moving money quickly”, to almost a sacred level. This comes from watching programs like Fast Grants and Future Fund, and also our own lived experience as grantees. For grantees, knowing 1 month sooner that money is coming, often means that one can start hiring and executing 1 month sooner—and the impact of executing even 1 day sooner can sometimes be immense (see: https://www.1daysooner.org/about/ )
Thanks for forwarding my thoughts!
I’m glad your team is equipped to do small, quick grants—from where I am on the outside, it’s easy to accidentally think of OpenPhil as a single funding monolith, so I’m always grateful for directional updates that help the community understand how to better orient to y’all.
I agree that 3months seems reasonable when 500k+ is at stake! (I think, just skimming the application, I mentally rounded off “3 months or less” to “about 3 months”, as kind of a learned heuristic on how orgs relate to timelines they publish.)
As another data point from the Survival and Flourishing Funds, turnaround (from our application to decision) was about 5 months this year, for an ultimately 90k grant (we were applying for up to 1.2m). I think this year they were unusually slow due to changing over their processes; in past years it’s been closer to 2-3 months.
Our own philosophy at Manifund does emphasize “moving money quickly”, to almost a sacred level. This comes from watching programs like Fast Grants and Future Fund, and also our own lived experience as grantees. For grantees, knowing 1 month sooner that money is coming, often means that one can start hiring and executing 1 month sooner—and the impact of executing even 1 day sooner can sometimes be immense (see: https://www.1daysooner.org/about/ )