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STL comments on Alcor vs. Cryonics Institute - Less Wrong
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General advice: if you can afford it, sign up with Alcor. If you can't, sign up with CI.
If you want more information, I'd recommend the Alcor FAQs.
I should provide some context for my comments on Alcor's previous track record on creating endowments: we had just received a $7M bequest, had placed $3.5M into the Patient Care Trust Fund, and the Board had decided to put the other $3.5M into an Endowment and withdraw only 2% per annum, or about $70,000 per year, for Alcor's operational needs. Some members were feeling quite euphoric and were proposing that we spend some significant amount of the principal on various worthy projects, including reduced dues for said members and increased spending on certain pet projects. It seemed advisable to inject a note of sobriety into the discussion and to somewhat deflate the expanding expectations. While helpful, this bequest did not free us from the constraints of fiscal responsibility, and explaining why the Board was being so parsimonious with this windfall seemed appropriate at the time.
Given this context, I wouldn't interpret these comments as "disturbing".
Have they stuck to this plan, or has the piggy bank been smashed open?
Alcor has stuck to this plan. The board takes it very seriously. Not only have we not taken out more than 2% per year, the board have frequently pushed to add more to the Endowment Fund even where it could legitimately be put into operations.
By 'pushed to add' do you mean took actions that actually resulted in adding or that they made a noble effort?
I mean that when we received some income that was not definitely specified for a particular purpose, when I suggested that some of it go to operations, the board unanimously insisted it all go into the Endowment Fund.
Thank you - this significantly raises my opinion of Alcor.