Anthropic commits 5% of shares to new Public Benefit Fund

• Anthropic commits 5% of its shares to the newly established Anthropic Public Benefit Fund, subject to stockholder approval.
• The fund's stake can increase by an additional 2% at the board’s discretion for every 50% increase in the company's value above a set baseline.
• Combined with existing co-founder pledges and employee equity donation matches, approximately 20% of Anthropic shares will be dedicated to the public good, plus any additional percentage added if the company reaches specific valuation milestones.
• The fund is structured as a wholly-owned LLC to allow flexibility in giving, including large donations to nonprofits or direct distributions, while prohibiting lobbying or political giving.

Fund Structure and Purpose

• The LLC structure enables adjustability between different forms of giving, such as supporting traditional nonprofits or addressing labor market impacts.
• Anthropic has already committed $200 million to studying and addressing AI's economic effects on workers, which the fund can complement with bolder approaches.
• Unlike standard executive compensation awards, this equity is directed expressly to the public benefit as the company grows.

Existing Commitments

• Co-founders pledged to donate 80% of their equity holdings at Anthropic's founding.
• An equity donation match program allows employees to pledge equity, which Anthropic matches; approximately half of employees participate.