Henry_Stanley comments on How to improve EA Funds - Effective Altruism Forum

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Comment author: Henry_Stanley 06 April 2018 10:15:44PM 0 points [-]

If each fund manager's time is valued at millions or tens of millions of dollars a year, the discount rate on the donations held in a fund isn't an overwhelming consideration. But that raises the question, why create the funds in the first place?

Quite so. They seem to be stuck in a place where there's enough money there for it to be wasteful to let it just sit around, but not enough for it to be worthwhile for the fund managers to make regular disbursements.