Hastings Fund to Buy Up to $300M in Anthropic
A donor-advised fund tied to Netflix co-founder Reed Hastings plans to purchase Anthropic shares at the IPO price.
Updated on Nov. 10, 2026 in Philanthropy
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A donor-advised fund set up by Reed Hastings plans to acquire up to $300 million in Anthropic Class A stock at whatever price the shares set on IPO day, with the IPO targeted for mid-November 2026. Anthropic filed its S-1 registration with the SEC in late October 2026.
Why it matters
The purchase would move charitable capital into shares of a company on whose board Hastings sits, a structure that lets a donor take a tax deduction up front while directing grants over time. For U.S. readers, it highlights how large private-company stakes are increasingly routed through charitable vehicles.
The fund's up-to-$300 million order is set against an estimated Anthropic valuation of $1 trillion to $2 trillion, and Hastings already holds about 9,410 Class A shares. The final IPO price and fill amount have not been determined.
The players
Reed Hastings
Netflix co-founder and longtime chief executive who now sits on Anthropic's board and has been a prominent philanthropic donor through donor-advised funds.
Anthropic
An artificial intelligence company organized as a public benefit corporation that filed for a public offering with the U.S. Securities and Exchange Commission.
Securities and Exchange Commission
The U.S. federal agency that regulates securities markets and reviews registration statements such as Anthropic's S-1 filing.
The details
Hastings has served on Anthropic's board since May 2025, and his donor-advised fund plans to buy at whatever price the shares set on IPO day. Anthropic operates as a public benefit corporation and has committed 5% of its shares to a public benefit fund.
Timeline
May 2025: Hastings joined Anthropic's board.
Early 2024: Hastings contributed over $1.1 billion in Netflix shares to the Silicon Valley Community Foundation.
Late October 2026: Anthropic filed its S-1 registration with the SEC.
Mid-November 2026: Anthropic's IPO is targeted, and the fund plans its purchase.
Philanthropy Pattern
The plan follows Hastings' early 2024 transfer of more than $1.1 billion in Netflix stock to the Silicon Valley Community Foundation, which used a donor-advised fund to shift equity into charity without triggering capital gains taxes. The Anthropic purchase repeats that method with a company where he holds a board seat.
For ordinary investors, the timing and pricing of Anthropic's IPO will determine whether shares are available at the offering price or only later in the market. Donor-advised fund activity of this size also shows how high-net-worth donors can route appreciated private-company stock into charity.
The takeaway
Large charitable transfers of company stock can move significant capital into private-company offerings, so readers tracking an IPO should watch whether donor-advised purchases affect pricing and allocation.
What happens next
Anthropic's IPO is targeted for mid-November 2026, at which point the fund's purchase price and fill amount will be set.
Further reading
For broader context on how large gifts are structured, see Philanthropy coverage.
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