I am delighted to announce that Alcor has received a stunning $5,000,000 contribution to fund cryonics research. Alcor member Brad Armstrong (A-3000), came to visit Alcor in November 2016. After a tour and long and fascinating chat, before he left I suggested that he finally sit down and sign the membership paperwork. We would provide the witnesses and the Notary Public. 90 minutes later, Brad was done and handed us a check, making him a member. (See? It’s not as difficult as you think.)
Fast forward to April 2018. Brad’s assistant called to say that Brad wanted to make a major contribution to Alcor for the purposes of cryonics research. When I called Brad, I was immediately reminded that he is a down-to-earth, easygoing fellow who wants cryonics to work and is eager to fund what he knows matters.
Brad is an enthusiast of cryptocurrencies and an admirer of Hal Finney – the first recipient and early developer of Bitcoin – and an Alcor member cryopreserved in August 2014. The $5 million research contribution is being held in the name of the “Hal Finney Cryonics Research Fund”.
Brad’s cryptocurrency contribution was made by transferring it to an intermediary organization. Formally, we must therefore note that the funds were received from “Against Aging Fund at East Texas Communities Foundation”. But make no mistake. This funding came from Brad.
Brad has done well financially from his inventions and his cryptocurrency investments. Even so, we know that there are Alcor members of considerably greater means. Some of these are well into their later years. I imagine myself in the position of having a net worth of a billion dollars or more and being in my 60s, 70s, or 80s. Certainly, I would be funding life extension research. But I am certain that I would also be putting serious money into cryonics, not only for research to build up Alcor’s technical capabilities and strength.
On behalf of Alcor and the cryonics effort in general, I want to say thank you. But how can I possibly express those thanks adequately?
With a gift of this magnitude comes the responsibility of managing and spending it wisely for maximum impact. Until the Alcor board and Research Group determine how best to hold and use this funding, I have moved it from Alcor’s bank account into a money market fund earning 1.5%. As puny as that percentage sounds historically, it means a yield of $6,000 per month (after keeping $200,000 to shore up the Research Fund). Stay tuned as we determine how to use this remarkable influx of funding to boost Alcor’s cryonics research.