This past December, we ran our first fundraiser in six years, setting an ambitious goal of $6M. We ended up receiving a total of $1.8M from small donors and $1.6M in matching from the Survival and Flourishing Fund (SFF) for a total of $3.4M.
We’re incredibly grateful for all this support! In the rest of this post, I’ll go into more details on how the December fundraiser went, and the supporters who made this possible.
Before I do that, I also want to share some exciting updates. We’ve received two more incredibly generous donations: $10M from Dustin Moskovitz, and $2.9M from an anonymous donor. These donations combined with a successful fundraiser have put us in a very strong financial position for the next few years.
The donations we received in December already made this our largest fundraiser ever. Paired with this additional support, in total we’ve roughly tripled our reserves, which will allow us to be much more confident in making new hires and enacting ambitious plans.
2025 Fundraiser Retrospective
Going into this fundraiser, we were highly uncertain about how much support to expect. We hadn’t run a fundraiser since 2019. Since then, our strategy (and the world) has changed significantly.1
Given all of this uncertainty, the level of support we received was very encouraging!
Over the course of the fundraiser, we received $1,802,4372 in direct donations from individual supporters. Because we achieved our matching goal, matched donations will bring the total raised to $3,409,437, which is approximately 56% of the $6M fundraising goal we set. While we didn’t reach our topline target by the December 31 deadline, the net total raised represents the strongest fundraising outcome in MIRI’s history.
Early progress was slow, but momentum picked up substantially in the last few days of the year. Many donors rallied in the final stretch to help us close the gap and secure the full $1.6M match from the Survival and Flourishing Fund. Excluding matching funds:
- We received $514,853 before December 25.
- We received $1,287,584 on or after December 25 — including $582,427 on December 31st! Our donors love to keep things exciting! 😅
In total, we estimate that the fundraiser was supported by approximately 350 unique donors.3 Of these:
- 155 were returning donors, providing 62% of the funds raised.
- 195 were new donors, providing 38%.
Early 2026 Donations
Because we fell short of our $6M target, we expected to spend a lot of time on fundraising efforts during 2026, to ensure we maintained a healthy runway and could confidently execute on our plans. However, a donor reached out to us in January and generously offered $2.9M in support to complete our fundraiser goal. Shortly after, we also received an incredibly generous $10M donation from Dustin Moskovitz.
We’re thrilled to have received such strong support from many different donors, both large and small. We’d like to extend a huge thank-you to Dustin, to the anonymous donor, and also to the team at the Survival and Flourishing Fund for awarding the matching grant. SFF’s backing substantially amplified the impact of every contribution and provided a massive boost to our fundraiser.
Finally, we want to thank everyone who contributed to our fundraiser. We’re deeply appreciative for all of this support. Special thanks to the ~50 individuals who gave ~$5,000 or above, including (but not limited to):
Aaron Silverbook
Alexander Schell
Alyssa Riceman
Blake Borgeson
Clifford Hyra
Drake Morrison
Edwin Evans
Elliot Olds
Fergus Dall
Gordon Irlam
János Kramár
Lucius Bushnaq
Matthew Avant
Milan Scholz
Nathan Armishaw
Richard Schwall
Sebastian Hagen
Simon Sáfár
Footnotes
- Cryptocurrency markets were also down through much of Q4 2025. Historically, we’ve seen substantial support from crypto-linked donors during boom years, and this downturn may have reduced that channel of giving relative to past fundraisers.
- Our original count in January 2026 was just over 1.6M. We’ve since fully reconciled all pledged disbursements, checks mailed before December 31, employer matching, DAF grants, and some other sources that were received in Q1 2026 but applicable to December 2025 via accrual bookkeeping standards.
- Anonymous donors are aggregated as a single donor to simplify our recordkeeping.
Facts Only
MIRI ran a fundraiser in December 2025, its first in six years, with a $6 million goal.
The fundraiser raised $1.8 million from individual donors and $1.6 million in matching funds from the Survival and Flourishing Fund (SFF), totaling $3.4 million.
The $3.4 million raised was 56% of the $6 million goal and the largest fundraiser in MIRI’s history.
Donations accelerated in the final days, with $1.29 million received on or after December 25, including $582,427 on December 31.
Approximately 350 unique donors contributed, with 155 returning donors providing 62% of funds and 195 new donors providing 38%.
In January 2026, MIRI received an additional $2.9 million from an anonymous donor and $10 million from Dustin Moskovitz.
The combined donations tripled MIRI’s financial reserves.
MIRI acknowledged the support of SFF, Dustin Moskovitz, the anonymous donor, and individuals who gave $5,000 or more.
The fundraiser’s success reduced the need for further fundraising in 2026.
Cryptocurrency market downturns in Q4 2025 may have affected donations from crypto-linked donors.
Anonymous donors were aggregated as a single donor for recordkeeping purposes.
Executive Summary
The Machine Intelligence Research Institute (MIRI) conducted its first fundraiser in six years in December 2025, setting a $6 million goal. The campaign raised $1.8 million from small donors, supplemented by a $1.6 million matching grant from the Survival and Flourishing Fund (SFF), totaling $3.4 million—56% of the target. Despite falling short of the initial goal, this marked MIRI’s largest fundraiser to date. Donations surged in the final days, with $1.29 million coming after December 25, including $582,427 on December 31. The fundraiser attracted approximately 350 donors, with returning donors contributing 62% of the funds and new donors 38%.
In early 2026, MIRI received two additional major donations: $10 million from Dustin Moskovitz and $2.9 million from an anonymous donor. These contributions, combined with the December fundraiser, tripled MIRI’s financial reserves, providing stability for future hiring and ambitious projects. The organization expressed gratitude to all donors, particularly those who gave $5,000 or more, and acknowledged the role of SFF’s matching grant in amplifying individual contributions. The unexpected influx of funds in 2026 alleviated the need for further fundraising efforts that year, securing MIRI’s financial position for the next several years.
Full Take
This fundraiser narrative presents a compelling story of organizational resilience and donor generosity, but it also invites scrutiny of the framing and implications. The strongest version of this narrative highlights MIRI’s ability to mobilize support despite uncertainty, with the matching grant from SFF serving as a force multiplier for individual contributions. The late surge in donations suggests a community rallying effect, while the subsequent $12.9 million in early 2026 donations underscores the organization’s appeal to high-net-worth individuals. However, the initial shortfall of the $6 million goal—despite being MIRI’s largest fundraiser—raises questions about whether the target was aspirational or reflective of actual donor capacity.
Pattern-wise, the narrative employs a classic "underdog triumph" arc, emphasizing the final push to secure matching funds and the unexpected windfall in 2026. While not manipulative, this framing could subtly downplay the role of systemic factors, such as the cryptocurrency market downturn mentioned in the footnotes, which may have constrained giving. The aggregation of anonymous donors also obscures potential concentration of influence, though this is a common practice in nonprofit reporting.
Root cause analysis suggests a paradigm of elite philanthropy driving long-term stability in niche research areas. The reliance on a few large donors—even as small donors are celebrated—reflects broader trends in nonprofit funding, where a handful of individuals can disproportionately shape an organization’s trajectory. This raises questions about accountability and mission alignment: How does MIRI ensure that large donations do not steer its research agenda away from its core objectives? What mechanisms exist to balance the influence of major donors with the broader community’s priorities?
Implications for human agency and dignity are mixed. On one hand, the fundraiser demonstrates collective action’s power, with small donors playing a critical role. On the other, the outsized impact of a few wealthy individuals could reinforce existing power structures within the effective altruism and AI safety ecosystems. Second-order consequences might include increased competition for high-net-worth donors among similar organizations or heightened expectations for future fundraisers.
Bridge questions to consider: How might MIRI’s financial windfall alter its research priorities or risk tolerance? What would it look like for MIRI to diversify its funding base to reduce dependence on a small number of large donors? If the cryptocurrency market had been bullish in Q4 2025, how might the fundraiser’s outcome have differed, and what does that reveal about the stability of MIRI’s funding model?
Counterstrike scan: A coordinated influence campaign might use this narrative to portray MIRI as uniquely deserving of elite support, leveraging the "underdog" framing to obscure the organization’s actual financial health or downplay criticism of its research direction. However, the content does not align with this pattern. The transparency about the initial shortfall and the acknowledgment of multiple donor tiers suggest a genuine effort to inform rather than manipulate. The footnote about cryptocurrency markets also adds context that a bad actor might omit.
Patterns detected: none
Sentinel — Human
The text exhibits strong human markers, including specific personal gratitude, informal stylistic choices, and the inclusion of detailed, personally reconciled financial footnotes, indicating it is likely human-written.
