Anthropic establishes a public benefit fund and commits to contribute part of its equity

Anthropic announced the creation of the Anthropic Public Benefit Fund and committed to contribute part of the company's equity to the fund. Subject to shareholder approval, the first contribution is 5% of equity, and for every 50% increase in the company's valuation over a set baseline, the board of directors may at its discretion add another 2%. Combined with the co-founders' commitment to donate 80% of their equity and an employee equity matching program, about 20% of Anthropic's equity will be used for public benefit, and it may increase further if the company reaches certain valuation milestones. The fund is a wholly owned LLC rather than a 501(c)(3), and the equity it holds is not used for lobbying or political donations inside or outside the United States. Anthropic says it has already invested $200 million in research and in addressing labor market impacts, and will publish details of the fund's structure and governance in the coming months.