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Open Philanthropy has announced the launch of its new Abundance and Growth Fund, committing $120 million over the next three years to support scientific and technological innovation, improve regulatory environments, and promote policies that reduce the cost of living.
The fund is designed to expand access to economic opportunities by removing barriers to progress and encouraging a more efficient and abundant society.
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The fund aims to address what Open Philanthropy sees as two key challenges: the slowdown of scientific and technological progress and the rise of regulations that create artificial scarcity.
The initiative will support efforts that advance research and development (R&D), improve permitting processes, increase housing supply, and streamline outdated policies that limit economic growth.
Focus areas include:
Open Philanthropy has already made substantial investments in these areas:
The Abundance and Growth Fund will continue to support current initiatives and explore new areas with high potential for impact.
It will also invest in movement-building within the Abundance and Progress Studies communities—emerging networks focused on driving long-term human progress through better policy and institutional reform.
Additional areas of exploration may include:
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The fund is backed by Good Ventures, which has committed $60 million, along with other private funders including Patrick Collison, a co-founder of the Progress Studies movement.
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Open Philanthropy believes the current political and policy environment presents a unique opportunity to advance these goals. Growing bipartisan interest in reforming housing, healthcare, energy, and science policy has laid the groundwork for the fund’s objectives.
Recent momentum includes:
The $120 million Abundance and Growth Fund marks a significant expansion of Open Philanthropy’s commitment to fostering economic progress and reducing barriers to innovation.
By supporting targeted reforms and impactful organizations, the fund seeks to contribute to a more abundant, affordable, and innovative future.
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