“The nonprofit sector has spent decades proving what’s possible on a fraction of what it needed. Imagine how much more they can accomplish with new AI wealth behind them.”
In a commentary published by Fortune, Max Simkoff, CEO of real-estate tech firm Doma Technology and Lisa Countryman-Quiroz, CEO San Francisco Bay Area workforce development non profit JVS Bay Area, argue that new AI billionaires should invest in proven nonprofits and community networks rather than plunge headlong and build a parallel philanthropic infrastructure. Emerging AI philanthropists and models that emphasize new institutions, technology-driven giving, and reinvented approaches to social problems, including movements like Effective Altruism associated with Sam Altman and Dustin Moskovitz, as well as the disgraced Sam Bankman-Fried. Bottom line: America’s 1.4 million nonprofits already have the expertise, fiscally responsible track record, and, above all, the community relationships to deploy capital effectively and are primed for AI-era philanthropy.
