MIRI’s 2025 Fundraiser
Summary
The Machine Intelligence Research Institute (MIRI) is conducting its 2025 fundraiser, outlining its financial status and future projections. MIRI's annual expenses between 2019 and 2024 fluctuated from $5.4M to $7.7M, peaking in 2020 and reaching a low in 2022. Despite a successful book release, sales are not a net income source, as production and promotion costs have exceeded revenue; the book's primary goal is to raise awareness, not generate profit. For 2025, MIRI projects expenses totaling $8.1M, split across Operations ($2.6M), Outreach ($3.2M), and Research ($2.3M). These projections include $0.6M-$1M for new personnel, with a focus on expanding the team and mentoring new talent for technical governance research.
Key takeaway
For non-profit organizations planning fundraising campaigns, your financial overview should clearly delineate past expenses, current revenue streams, and future spending priorities. Emphasize how non-monetary goals, like public awareness from book sales, factor into your overall strategy. Transparently breaking down projected costs, especially personnel and program expenses, will help potential donors understand the impact of their contributions and align with your mission.
Key insights
MIRI's 2025 fundraiser details past expenses, book revenue, and future spending priorities.
Principles
- Book sales prioritize alarm-raising over profit.
- Personnel costs dominate MIRI's budget.
In practice
- Allocate funds for new talent mentorship.
- Structure budgets across Operations, Outreach, Research.
Topics
- MIRI Fundraiser
- Technical Governance
- Organizational Expenses
- Talent Development
- Research Funding
Best for: Investor, AI Ethicist, Policy Maker
Related on AIssential
Editorial summary, takeaway, and curation by AIssential. Original article published by Machine Intelligence Research Institute.