Future Of Life Institute
- Assets
- $537.2m
- Revenue
- $549.5m
- Investments
- $335.0m
- Employees
- 4
- Location
- Narberth, PA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 47-1052538
Organization Overview
Future Of Life Institute is located in Narberth, PA. The organization was established in 2014. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Future Of Life Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Of Life Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Future Of Life Institute generated $549.5m in total revenue. All expenses for the organization totaled $16.1m during the year ending 12/2021. While expenses have increased by 37.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Future Of Life Institute has awarded 12 individual grants totaling $13,908,557. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CATALYZE AND SUPPORT RESEARCH AND INITIATIVES FOR SAFEGUARDING LIFE AND DEVELOPING OPTIMISTIC VISIONS OF THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH, AND SUPPORT OF RESEARCH, ON MITIGATING RISKS AND INCREASING BENEFITS OF TRANSFORMATIVE TECHNOLOGIES; ORGANIZE CONFERENCES AND OTHER EVENTS FOR SCIENTIFIC RESEARCH AND OUTREACH; SCIENTIFIC AND TECHNICAL EDUCATION AND OUTREACH ACTIVITIES VIA WEBSITE(S) AND MEDIA CREATION. OUTREACH AND ADVOCACY REGARDING POLICY ON RISKS AND BENEFITS OF TRANSFORMATIVE TECHNOLOGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Tegmark President | OfficerTrustee | 15 | $0 |
Meia Chita-Tegmark Treasurer | OfficerTrustee | 10 | $0 |
Anthony Aguirre Secretary | OfficerTrustee | 15 | $62,118 |
Jaan Tallinn Director | Trustee | 1 | $0 |
Viktoryia Krakovna Director | Trustee | 1 | $0 |
Jared Brown Director Of Us And International Policy | 40 | $124,136 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $670,530,459 |
| Noncash contributions included in lines 1a–1f | $665,882,523 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $670,530,459 |
| Total Program Service Revenue | $0 |
| Investment income | $2,559,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$123,558,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $549,531,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,368,246 |
| Grants and other assistance to domestic individuals. | $103,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,118 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,511 |
| Fees for services: Accounting | $73,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $78,046 |
| Fees for services: Other | $1,469,059 |
| Advertising and promotion | $209,782 |
| Office expenses | $22,862 |
| Information technology | $11,437 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,594 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20,814 |
| Total functional expenses | $16,065,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,586,827 |
| Savings and temporary cash investments | $68,461,898 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $334,961,602 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,904,047 |
| Total assets | $537,164,374 |
| Accounts payable and accrued expenses | $100,907 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,907 |
| Net assets without donor restrictions | $537,063,467 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $537,164,374 |
Grants Awarded
Over the last fiscal year, Future Of Life Institute has awarded $13,370,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IMPROVE THE NEWS FOUNDATION PURPOSE: IMPROVED TRUTH-FINDING TOOLS | $3,250,000 |
THE FUTURE SOCIETY PURPOSE: ADVOCACY AROUND THE EU AI ACT | $120,000 |
SILICON VALLEY COMMUNITY FOUNDATION PURPOSE: CHARITABLE WORK IN SUPPORT OF FLI'S MISSION | $10,000,000 |