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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
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Community Foundation of Abilene
Big Country's CASA program seeks volunteers to support local foster children.Court Appointed Special Advocates (CASA) organization has expressed a dire need for volunteers in the Big Country.CASA...more
English has spent her career working at the intersection of farming and public health.Before joining the Walton Personal Philanthropy Group as a senior program officer, she was director of the...more
In South Africa, the hard-won progress of a youth-led HIV education program is threatened by international funding cuts."It provides a safe environment for us," says one youth volunteer of the...more
Galina Trush was born in 1990 in central Ukraine.The outbreak of war in Eastern Ukraine, combined with professional and financial limitations, forced Trush to make another life-changing decision:...more
EAA has created the Youth Program Coordinator role to recognize and support volunteers leading these youth programs beyond Young Eagles flights and rallies.As more chapters expand their youth...more
Nonprofit board fellows programs (NBFPs) enable graduate students to serve as board members and consultants for local nonprofits.NBFPs match local nonprofits with MBA "fellows" who serve as...more
The I Madonnari Street Painting Festival is a beloved tradition in Santa Barbara.The festival will take place at the Old Mission Santa Barbara Saturday-Monday, May 24-26, from 10 a.m.to noon.Proceeds...more
Biodiversity genomics unlocks new ways to monitor species, protect pollinators, control invasive species and manage species of societal value.Despite these breakthroughs, Europe has not fully...more
The UN's Science, Technology and Innovation Forum marks 10 years of bridging frontier knowledge and policy for sustainable development.World leaders will join pioneering scientists, innovators,...more
The DNC and DCCC kicked off the "Fight to Save Medicaid" month of action, as part of a new DNC distributed organizing program.The initiative will target four vulnerable House Republicans: Tom Barrett...more
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Community Foundation of Abilene
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Madison Community Foundation
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Cattaraugus Region Community Foundation
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Nebraska Community Foundation
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
