Factor Philanthropy Inc.

“Form 990 is prepared by authorized agents of the organization and reviewed by the board of directors before being filed.”

“The conflict of interest policy covers insiders, which include members of the board of directors, members of any committee with board-delegated responsibilities, corporate officers and those with equivalent responsibilities, any employee who is determined by the board to have substantial influence over the organization, and any person who met any of these criteria during the five years before a transaction giving rise to a potential conflict. The policy also covers interested persons, which include certain family members and entities owned by insiders. Insiders are required to submit a disclosure statement to the compliance officer before taking their position and annually thereafter that identifies to the best of the insider's knowledge and belief any interest that may give rise to a conflict of interest. The compliance officer will conduct an initial review of interests reported and present the matter to the conflict committee to determine whether a conflict of interest exists. The conflict committee determines whether the transaction satisfies the criteria of the policy, then the conflict committee will decide whether the organization will enter into the transaction.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request when required by federal or state law.”

“The organization plans to engage in research and education to develop data and new insights into how to positively affect the long-term future; make grants to organizations and promising individuals who are well-positioned and committed to ensuring the long-term future goes well; serve as a fiscal sponsor of projects that further longtermist priorities; and gather people together who are interested in or working on longtermist issues. In addition, the organization will build up the longtermist community and support the development of people who can meaningfully contribute to the longtermist movement through residency programs, movement building, and talent development, and grants to individuals to support them in career transitions from the private sector to academia, the government, and nonprofits. In 2024, the organization funded one grantee in furtherance of its exempt purpose.”

“Grant admin fees: program service expenses 124,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 124,000.”