Foundation Grants
Community Vital Signs
About Us
When Sam Altman was ousted as CEO of OpenAI in November 2023, the tech start-up's entire board of directors resigned.
Altman returned as CEO in March 2024, but the tech start-up has been mired in controversy ever since, with investigations and lawsuits surrounding its governance structure.
Now, the Southern Poverty Law Center is out with a report on OpenAI's hybrid governance structure, in which the nonprofit board oversees the commercial side of the company while its for-profit subsidiary, ChatGPT, develops AI products.
The nonprofit board "acts as a guardrail for the organization's strategic attention," the report states, while the for-profit subsidiary's board members "might devote more time and resources to increasing revenue than to achieving the organization's social mission."
The nonprofit board's mission is "ensuring that artificial general intelligence'ensuring that artificial general intelligencebenefits all of humanity'while the organization simultaneously pursues the commercial opportunities of developing cutting-edge generative AI products," per the SSIR report.
But OpenAI isn't the only company to experiment with such a structure.
Patagonia, for example, announced in 2022 that it was transferring all voting stock to a trust and all nonvoting stock to a nonprofit
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
The Stark County Sheriff's Office has been awarded $10,000 in funding to help fight drug trafficking. The Ohio Office of Criminal Justice Services' RecoveryOhio program has awarded more than $2.1...more
After nearly 20 years as the director of bands for the Kirkwood School District in St. Louis, Rebecca Friesen is poised to retire. "Music education is not just learning how to play an...more
After six years as a professor of design and innovation at Clarkson University, Daved Barry is calling it a career. The professor was recently named professor emeritus for his contributions to...more
"Lots of people can't kick because they don't have the coordination, but everybody can throw catch." That's how a UK nonprofit is using basketball to help young people deal with mental health...more
Tia Kemp, the ex-girlfriend of Rick Ross who became the rapper's baby mama in 2003, is moving back in with her mom in Miami, People reports. Kemp, 36, has been living with her mom since her...more
When Shaun Christie-David was growing up in Sydney, Australia, his Sri Lankan mother's famous dhal sandwichmade with lentils, tempered mustard seeds, spices, and fried onionswas teased for being...more
Swiss Re is putting its money where its mouth is in Southeast Asia. The insurance giant is launching its Shine social entrepreneurship program in Indonesia, Malaysia, Singapore, and Thailand,...more
Students in Palm Beach County, Fla., are experiencing a " concerning uptick" in mental health disorders over the past few years, says the Education Foundation of Palm Beach County. Nearly 3,000...more
Foundation: Barberton Community Foundation
Kenneth Cox was running for mayor of Barberton, Ohio, in 2023, and when he saw a negative Facebook post about him, he decided to do something about it. "The residents of Barberton need a...more
Arizona's OneAZ Credit Union is putting its money where its mouth is. Every time a member uses their debit card at the bank, OneAZ contributes 1 cent to the OneAZ Community Foundation, which in...more
Social Entrepreneurship
Spotlight
Social Entrepreneurship: The Right Balance of Doing Good and Doing Well
Social entrepreneur and co-founder of nonprofit Jolkona, Adnan Mahmud, discusses his definition of a successful social entrepreneur. He describes the social entrepreneur as someone who has found the right balance between doing good while doing well.