There’s an enormous difference between having millions of dollars of operating expenditures in an LLC (so that an org is legally allowed to do things like investigate non-deductible activities like investment or politics), and giving up the ability to make billions of dollars of tax-deductible donations. Open Philanthropy being an LLC (so that its own expenses aren’t tax-deductible, but it has LLC freedom) doesn’t stop Good Ventures from making all relevant donations tax-deductible, and indeed the overwhelming majority of grants on its grants page are deductible.
Yep, sorry. I didn’t mean to imply that all of Open Phil’s funding is non-deductible, just that they decided that it was likely enough that they would find non-deductible opportunities that they went through the effort of restructuring their org to do so (and also gave up a bunch of other benefits like the ability to sponsor visas efficiently). My comment wasn’t very clear on that.
There’s an enormous difference between having millions of dollars of operating expenditures in an LLC (so that an org is legally allowed to do things like investigate non-deductible activities like investment or politics), and giving up the ability to make billions of dollars of tax-deductible donations. Open Philanthropy being an LLC (so that its own expenses aren’t tax-deductible, but it has LLC freedom) doesn’t stop Good Ventures from making all relevant donations tax-deductible, and indeed the overwhelming majority of grants on its grants page are deductible.
Yep, sorry. I didn’t mean to imply that all of Open Phil’s funding is non-deductible, just that they decided that it was likely enough that they would find non-deductible opportunities that they went through the effort of restructuring their org to do so (and also gave up a bunch of other benefits like the ability to sponsor visas efficiently). My comment wasn’t very clear on that.