Peter_Hurford comments on The EA Community and Long-Term Future Funds Lack Transparency and Accountability - Effective Altruism Forum

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Comment author: SamDeere 30 July 2018 09:42:36PM *  13 points [-]

The grant payout reports are now up on the EA Funds site:

Note that the Grant Rationale text is basically the same for both as Nick has summarised his thinking in one document, but the payout totals reflect the amount disbursed from each fund

Comment author: Jon_Behar 01 August 2018 01:43:18PM 5 points [-]

Nick says these latest grants "disburse all the EA Funds under my management." However, the grant amounts are ~10-15% less than the available cash the funds were reported as holding at the end of March, and the funds have presumably raised more money since then. Can Nick or someone from CEA please clarify?

Comment author: MarekDuda 02 August 2018 05:18:40PM 7 points [-]

Hi Jon, yes this is due to the numbers reported in March including the accounts payable - money not yet held in cash but expected to come in. We later realised that some of the transactions we were expecting to come in were not real donations, but rather several people making large 'testing' donations which then did not get paid. We have resolved these issues, and will be reporting Fund balances in cash terms going forward, however it did mean that the March numbers ended up being inflated.

We will be publishing a post in the coming weeks going into detail on the work we have been doing in the back end of Funds and releasing an update to the site which automatically pulls the Fund balances from our accounting system.

Comment author: Jon_Behar 03 August 2018 05:36:15PM 2 points [-]

Thanks for clarifying!

Looking forward to seeing the upcoming post, it would be great if it could include a chart/table of donations (in cash terms) to each fund over time.