Last updated: April 2019
The Foundational Research Institute (FRI) is committed to being as transparent as possible about its activities and learning from its mistakes. This page gathers relevant information related to transparency.
Organization and goals
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FRI's financials are now part of "EAF core". Detailed financial reports are available on the EAF website.
FRI’s activities in 2015 were implemented by GBS Switzerland and Effective Altruism Switzerland (EACH), EAF’s predecessors. Their financial reports are available on the EAF website.
In 2014, FRI’s expenses amounted to $28,422.
FRI was founded in July 2013 but had no expenses as all of FRI’s activities were performed by volunteers on a pro bono basis.
Earmarking and fungibility
FRI’s expenses are paid for by the Effective Altruism Foundation (EAF). Donations can’t be strictly earmarked for FRI because FRI shares funding with other EAF projects. FRI benefits from this sharing of funds because this improves the efficiency of FRI’s operations significantly and increases financial liquidity and security through diversification. Even though strict earmarking is not possible, donations for FRI will encourage us to expand FRI in the future because it will be more clear that there’s a donor base to support its activities. Earmarking might also be possible for large projects that we wouldn’t have done counterfactually. Feel free to contact us if you would like to explore this type of earmarking for a large donation or are interested in additional information with respect to earmarking and fungibility.