www.aipanic.news/p/first-they-built-a-secular-apocalypse
1 correction found
The Future of Life Institute, an AI risk organization that controls roughly $400 million
This dollar figure appears to be outdated. The latest public IRS filings show the Future of Life Institute had about $6.35 million in total assets in 2024, not roughly $400 million.
Full reasoning
Public IRS-backed filings contradict the article’s present-tense claim that FLI currently “controls roughly $400 million.”
- ProPublica’s Nonprofit Explorer, which republishes IRS Form 990 data, shows that for fiscal year 2024 the Future of Life Institute reported $6,348,222 in total assets and $5,088,435 in net assets.
- The same IRS-backed record shows FLI once had much larger assets in 2021 ($537,164,374 total assets; $537,063,467 net assets) after Vitalik Buterin’s donation, but those assets did not remain at anything like that level: by 2022, FLI reported $11,827,052 total assets and $11,577,504 net assets, and by 2024 it was down to about $6.35 million in total assets.
- FLI’s own finances page also describes 2024 expenditure of $17 million and says the spending gap was covered from its endowment, but it does not support a current figure anywhere near $400 million.
- Even if a reader tried to count FLI’s affiliated Future of Life Foundation, the latest public IRS filing available for that entity shows only $25,035,877 in total assets. That still leaves the publicly documented total far below “roughly $400 million.”
So the claim is not supported by the organization’s latest public financial filings. It looks like an outdated or inflated figure, likely confused with FLI’s much larger 2021 balance sheet rather than its current finances.
3 sources
- Future Of Life Institute - Nonprofit Explorer - ProPublica
Fiscal Year Ending Dec. 2024 ... Total Assets $6,348,222 ... Net Assets $5,088,435 ... Fiscal Year Ending Dec. 2022 ... Total Assets $11,827,052 ... Net Assets $11,577,504 ... Fiscal Year Ending Dec. 2021 ... Total Assets $537,164,374 ... Net Assets $537,063,467.
- Finances - Future of Life Institute
Expenditures for FLI activities 2024 ... TOTAL 2024 Expenditure $17 million ... Our income in 2024 ... The difference between income and expenditure was covered out of our endowment.
- Future Of Life Foundation - Nonprofit Explorer - ProPublica
Fiscal Year Ending Dec. 2022 ... Total Assets $25,035,877 ... Net Assets $25,035,877.