Jim Carter discusses the nonprofit funding bottleneck—specifically, the $300 billion stranded in donor-advised funds largely because traditional nonprofit evaluation is slow and expensive. He highlights his friend Mike, who, after raising billions via Classy, saw both funders and nonprofits frustrated by this process. Mike’s response was to create Altruous, an AI-powered evaluation platform. Altruous automates nonprofit assessment by pulling from diverse data sources—third-party data, nonprofit reports, and validation signals. It emphasizes outcomes, current data, and provides a confidence score for each evaluation. Every AI-generated report is reviewed by human experts who add context and challenge assumptions, ensuring sector-specific nuance is not lost. Jim shares his framework for AI integration, focused on what takes too long, costs too much, or blocks more good work—inspiring a shift from paperwork to impact. He notes Altruous’s approach goes beyond simple metrics, considering quality, depth, and cultural context. The episode illustrates how AI, with human oversight, can democratize access to funding: enabling smaller, less-resourced organizations to compete, and allowing program officers to focus on relationships rather than bureaucracy. Mike’s key insight: adaptation to these technologies is now essential for organizational survival. Jim also touches on future applications, such as AI-powered digital clones for personalized donor engagement, and stresses that this technology doesn’t replace human judgment, but amplifies it—potentially transforming philanthropy’s effectiveness and fairness. If you’re ready to keep exploring what’s next with AI — not just watching it happen but actually building with it — come hang out in CTRL + ALT + BUILD. It’s where entrepreneurs, creatives, and curious minds are experimenting with real workflows, sharing what’s working, and learning together in real time. You’ll get early access to my experiments, prompts, and behind-the-scenes breakdowns before they hit the feed. Join fellow builders here: https://jimcarter.me/ctrl-alt-build-ai-community/
