Silicon Valley’s Next IPO Billionaires Are Coming. Nonprofits Are Ready for Them

Two major AI companies are expected to go public soon, which would make hundreds of their employees very wealthy. Nonprofits working on causes ranging from AI safety to poverty reduction are preparing to compete for donations from these newly rich employees, some of whom follow a philosophy that encourages giving away large amounts of money. Industry estimates suggest this wave of philanthropy could increase total giving by billions of dollars annually, though the IPOs could be delayed or underperform. Organizations are hiring staff, improving their administration, and building relationships with potential donors to position themselves to effectively use these anticipated funds.