“Cash and FX management for EA organizations” by JueYan

I’m a grantmaker who previously spent a decade as a professional investor. I’ve recently helped some Open Phil, GiveWell, and Survival and Flourishing Fund grantees with their cash and foreign exchange (FX) management. In the EA community, we seem collectively quite bad at this. My aim with this post is to help others 80/20 their cash and FX management: for 20% of the effort (these 4 items below), we can capture 80% of the benefit of corporate best practices. This will often be a highly impactful use of your time: I think that for the median organization, implementing these suggestions will take 15 to 30 hours of staff time, but will be about as valuable as raising 5% more money.My suggestions are:have more than one bankinvest your cash in a government-guaranteed money market account, earning ~5%hold international currencies in the same proportions as your spending in those currencieswatch out for [...] ---Outline:(01:09) Have more than one bank(03:04) Invest your cash in a government guaranteed money market account, earning ~5%(06:59) Hold FX in the same proportions as your spending(08:58) Watch out for FX fees--- First published: October 14th, 2023 Source: https://forum.effectivealtruism.org/posts/akSr4YXHKZcK8EnQe/cash-and-fx-management-for-ea-organizations --- Narrated by TYPE III AUDIO.