“The “third wave” of philanthropy needs a new marketplace” by Sjir Hoeijmakers🔸

Cross-posting from Substack. It's written for a broad audience not necessarily familiar with effective giving or altruism, so some of it may be a bit introductory for an EA audience. That said, I expect most of the points and examples will be new (and hopefully useful) to many. Can we do better than traditional philanthropy and impact investing? Nan Ransohoff argues that AI wealth is about to bring a “third wave” of tens of billions of dollars a year into philanthropy, and that we’ll need many more capital allocators and builders to make sure this money is deployed well. I agree, but not with her underlying claim that “The real question is whether there are 50 billion dollars worth of initiatives that are compelling to these funders. If not, the dollars won’t get spent.” The track records of both philanthropy and its sister impact investing show us that it won’t be hard to spend the extra 50 billion dollars: philanthropy in the US grew by $30 billion just last year and impact investing's self-reported assets grew by $100s of billions. What will be hard is to avoid the incentives that usually guide their expansion: catering to donors' individual [...] --- First published: July 10th, 2026 Source: https://forum.effectivealtruism.org/posts/4AfjuHrKCs9MYC9jk/the-third-wave-of-philanthropy-needs-a-new-marketplace --- Narrated by TYPE III AUDIO. ---Images from the article:Apple Podcasts and Spotify do not show images in the episode description. Try Pocket Casts, or another podcast app.