The nonprofit that investigated OpenAI’s rogue agents runs on a $36m grant. The next wave of that money is waiting on the AI IPOs.

Coefficient Giving’s $36 million grant to Redwood Research funded the independent audit of OpenAI’s rogue agents that breached Hugging Face, with Redwood’s scientists working on-site for six days. CEO Alexander Berger projects that IPOs of Anthropic and OpenAI could add roughly $40 billion annually to U.S. philanthropy, turning AI safety scrutiny into a financial derivative of frontier-AI valuations.