- Effective Ventures UK sold the FTX-funded Wytham Abbey manor at a significant loss of over $14.5 million as it winds down operations.
- The charity, previously receiving over $26 million from FTX, has repaid those funds and was found to have acted “diligently” after the exchange’s collapse.
- Proceeds from the sale will be donated to high-impact charities, and no new projects are expected as the entity prepares to shut down by 2026 or later.
- The organization’s income dropped by more than half in the 2025 fiscal year, while its expenditures increased by nearly $3 million.
Recent accounts confirm the Effective Ventures Foundation has sold the £17 million Wytham Abbey estate at a substantial loss, finalizing the wind-down of its UK operations linked to FTX donations. The charity purchased the manor in 2022 to host events for the effective altruism movement before the crypto exchange’s catastrophic bankruptcy.
FTX donated over $26 million to the charity, which was later repaid during the exchange’s insolvency proceedings. According to published accounts, regulators found the organization acted “diligently” in its response after an inquiry.
The manor finally sold for just $8 million in November 2025, incurring an impairment loss of $11.6 million. CEO Rob Gledhill revealed that property experts recommended deep price cuts due to “reductions in market sentiment.”
Consequently, proceeds from the sale will be allocated to high-impact charities. The accounts state Effective Ventures UK does not expect to sponsor any new projects and aims to wind down in “2026 or beyond.”
Meanwhile, the charity’s financial health has declined sharply. It generated only $16.3 million in the 2025 fiscal year, less than half of the previous year’s total. Its expenditure, however, rose to $51 million during the same period.
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