“Closing the LTFF, Spending Down Funds, and a New AI Fund at EA Funds” by calebp

The current Long Term Future Fund (LTFF) fund managers and I have decided to step back from our work on the LTFF. Because we believe LTFF donors trusted the fund managers to ensure that the funds would be used in line with the purposes of their donation, we've decided the right move is to close the fund. While LTFF is closing, note that EA Funds has launched a new fund, called the Transformative AI Fund (TAIF), with a large overlap in scope, funding early-stage projects that reduce risks from powerful AI systems, led by Lowe Lundin. It is open for applications and donations now. Some LTFF Fund managers plan to continue part-time grantmaking via the AI Risk Mitigation Fund and Lightcone Commons. LTFF fund managers have discussed what to do with the remaining balance of the LTFF. We see our duty to LTFF donors as maximising the expected impact of the money they entrusted to us, within the scope of the fund. Closing a fund involves trade-offs in how to honour that. With that in mind, we have decided to transfer the remaining balance to [new fund], structured as follows: Up to three-quarters will be distributed under the direct [...] ---Outline:(02:04) Why are we moving on from the LTFF?(03:06) Situational Awareness and Quickly Reorienting(04:51) Competing Opportunities(05:18) Institutional Friction(06:27) Why Is EA Funds Starting a New Fund Making AI Safety Grants?(07:00) What will happen with remaining funds?(08:20) Why Lightcone Commons?(10:15) Why Support the New CEA AI Focussed Fund?(11:04) What do existing LTFF applicants need to do? The original text contained 2 footnotes which were omitted from this narration. --- First published: August 11th, 2026 Source: https://forum.effectivealtruism.org/posts/dtZ9wbKWjtvGWDRJx/closing-the-ltff-spending-down-funds-and-a-new-ai-fund-at-ea --- Narrated by TYPE III AUDIO.