Months after publicly stating its intention to shake up its corporate structure, OpenAI has reversed course and decided that its nonprofit arm will keep controlling its for-profit business.

According to an OpenAI blog post published Monday, the company’s board of directors decided that OpenAI will continue to rely on the oversight and control of its nonprofit division moving forward.

“OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit,” OpenAI board chairman Bret Taylor wrote in the blog post. “Going forward, it will continue to be overseen and controlled by that nonprofit.”

The company’s for-profit LLC, which has lived under the nonprofit since 2019 and will continue doing so, will become a public benefit corporation (PBC). A PBC is a for-profit business that must consider the public good in addition to profit in its decisions. The nonprofit division of OpenAI will control and be the biggest shareholder in the PBC.

“Our mission remains the same,” Taylor noted. OpenAI’s mission is “to ensure that artificial general intelligence benefits all of humanity.”

Related: Everyone Wants to Buy Google’s Chrome Browser — Including OpenAI, According to a Top ChatGPT Executive

In December, OpenAI publicly indicated in a blog post that it was thinking about making its for-profit section a PBC, but one that had complete control over OpenAI’s operations and business. The non-profit side would not oversee the for-profit, but would instead be in charge of charitable initiatives.

Taylor wrote on Monday that OpenAI chose to reverse course and have the nonprofit retain control over the for-profit business after talking to civic leaders and with the offices of the Attorney General of Delaware and the Attorney General of California.

More than 30 civic leaders, former OpenAI staffers, and Nobel laureates delivered letters to the offices of the attorneys general last month to ask that they stop OpenAI’s effort to break from its non-profit governance.

^{OpenAI CEO Sam Altman. Photographer: Nathan Laine/Bloomberg via Getty Images}

OpenAI has recently been embroiled in a legal battle with Elon Musk, who helped co-found the company and left in early 2018 following a failed bid to take it over. Musk has since filed lawsuits against OpenAI and its CEO, Sam Altman, accusing them of breaking OpenAI’s founding agreement and working to maximize profits for Microsoft instead of humanity as a whole. Microsoft has invested close to $14 billion in OpenAI.

Musk even led an unsolicited offer to buy OpenAI for $97.4 billion in February, which Altman quickly shot down on X. As of press time, Musk had yet to comment.

Related: OpenAI Is Creating AI to Do ‘All the Things That Software Engineers Hate to Do’

OpenAI started as a nonprofit in 2015 and transitioned to a “capped profit” company in 2019, meaning that the company’s profits were limited to a certain amount, with excess profits given to the nonprofit parent organization. The for-profit arm raised $1 billion from Microsoft in 2019, alongside a $100 million initial fundraising round.

In November 2022, OpenAI launched its AI chatbot ChatGPT, which was used by 500 million global weekly users as of March, up from 400 million in February.

OpenAI closed a $40 billion funding round in March, the biggest private tech deal ever, which valued the company at $300 billion.

From Tel Aviv to tech boardrooms, my entrepreneurial journey has taken me through building businesses, navigating painful failures, celebrating meaningful exits and eventually investing in other founders’ visions. I’m an Israeli immigrant who came to the U.S. with little more than ambition and a belief that hard work could move mountains. Over time, I’ve seen firsthand how startups are born from nothing but grit and vision — but as those companies grow, they begin to touch more than just market share. They influence culture. They inspire communities. And they bear the responsibility to give back.

In recent years, my focus has shifted from just building companies to helping others build theirs and, just as importantly, encouraging them to align their success with meaningful causes. After joining the Israeli-American Council (IAC) as a council member, I realized that beyond the business pitch decks and M&A spreadsheets lies something even more impactful: service. Through our initiatives supporting Jewish solidarity, educational programs and bridging relationships between American and Israeli entrepreneurs, I found that philanthropy isn’t just a “feel-good” endeavor — it’s a strategic advantage. It grounds founders, strengthens brand identity, builds community and invites purpose into what can sometimes feel like a grind.

So, here’s my call to fellow founders, startup CEOs and emerging entrepreneurs: Integrate charitable alignment into your DNA. Not for press. Not for optics. For impact.

Related: 5 Entrepreneurial Reasons to Embrace Philanthropy

Make-A-Wish Foundation

Mission: Make-A-Wish creates life-changing wishes for children with critical illnesses, turning dreams into reality during their most difficult battles.

Startup life is full of “impossible” dreams — something Make-A-Wish embodies in a very human way. Supporting them isn’t just about giving; it’s about reminding your team what hope looks like. Tech company Atlassian has funded dozens of wishes through employee-led campaigns, showing how company culture can be both productive and profoundly kind.

Team Rubicon

Mission: Team Rubicon unites the skills and experiences of military veterans with first responders to rapidly deploy emergency response teams.

Startups are built on agility — and Team Rubicon is a masterclass in organized action under pressure. They’re a phenomenal organization to support, especially for founders with veteran ties or a passion for community disaster response. Their recent deployment to Maui after wildfires made national headlines.

Operation Gratitude

Mission: Operation Gratitude delivers care packages and personalized letters to deployed troops, veterans, wounded heroes and first responders.

Startups often talk about grit and sacrifice, and Operation Gratitude honors the Americans who live those values every day. Supporting this organization provides tangible appreciation to service members and can unify teams around shared patriotic values. It’s especially meaningful for companies with veteran employees or founders, or those wanting to show support for public servants.

The Trevor Project

Mission: The Trevor Project provides crisis intervention and suicide prevention services to LGBTQ+ youth.

Today’s workforce values inclusion, and The Trevor Project is on the frontlines of emotional and mental health. Their work intersects with DEI (Diversity, Equity and Inclusion) priorities that many startups strive for. Salesforce has championed LGBTQ+ causes through The Trevor Project, showing how social alignment can reflect core brand values.

Israeli-American Council (IAC)

Mission: The IAC builds an engaged and united Israeli-American community that strengthens the Israeli and Jewish identity, the American Jewish community and the bond between the people of the United States and Israel.

Beyond my personal affiliation, IAC offers incredible opportunities for founders to connect with global networks, Jewish and Israeli-American business leaders, and to support education, cultural diplomacy and solidarity during global crises. When Israel faced economic and emotional turmoil during recent conflicts, IAC quickly mobilized both humanitarian aid and business support.

Related: 10 Philanthropic Organizations Entrepreneurs Should Consider Supporting

DonorsChoose

Mission: DonorsChoose empowers public school teachers by funding their classroom projects, from books to science kits.

Education is the ultimate upstream investment. Many of today’s innovators were inspired by great teachers — yet those teachers often lack basic resources. Supporting DonorsChoose lets entrepreneurs impact students directly, and startups can align product donations, campaigns or even team volunteering around local classrooms.

Feeding America

Mission: Feeding America is the largest hunger-relief organization in the United States, providing meals through a network of food banks.

No one innovates well on an empty stomach. Hunger is closer than many founders realize, especially in cities with both tech hubs and underserved populations. Recent partnerships with companies like Amazon and General Mills show how even operational efficiencies (like surplus distribution) can be used for social good.

Girls Who Code

Mission: To close the gender gap in tech by equipping young women with the computing skills to pursue 21st-century careers.

Founders often talk about the pipeline problem — Girls Who Code solves it. Their alumni now work at Google, Meta and hundreds of other startups. Supporting them isn’t just charitable; it’s a strategic investment in a more balanced, innovative future.

Operation Underground Railroad (O.U.R.)

Mission: O.U.R. works to rescue children from sex trafficking and exploitation and partners with local law enforcement around the world.

Modern slavery is real — and profitable. It’s time for ethical businesses to help end it. O.U.R. gives companies a direct way to engage in awareness, funding and rescue missions. With ongoing cases in Central America and Southeast Asia, their work is urgent and impactful.

St. Jude Children’s Research Hospital

Mission: St. Jude leads the way the world understands, treats and defeats childhood cancer and other life-threatening diseases.

St. Jude combines compassion with cutting-edge research — a formula every biotech or health-tech founder should admire. What sets them apart is that families never receive a bill. Startups can support them through percentage-of-revenue donations, corporate sponsorships or employee matching programs.

Startups are inherently optimistic. They are born from belief. But belief without action is hollow. These ten organizations aren’t just charity checkboxes. They’re powerful channels for meaning, connection and responsibility. When founders integrate giving into their companies, they don’t just enrich the world — they enrich their teams, their culture and themselves.

Related: The Business Of Giving Back: Five Reasons Why Philanthropy Should Be At The Core Of Your Corporate Strategy

As someone who has gone from bootstrap to boardroom, from failure to fortune and from founder to funder — I can tell you this: Success that stands alone feels empty. But when your company becomes a vehicle for change, everything you build starts to matter more.

So, the next time you pitch your business, ask yourself: What are you building it for?

There comes a moment when your child might look up and say, with wide-eyed innocence:

• “I want to go to the office and type on a laptop all day like Mommy.”
• “I want to travel abroad for work for two weeks at a time like Daddy.”
• “I want to have video meetings at home and in the office like you.”
• “I want to go to work and come home late at night every day like Daddy.”

At first, you may feel a surge of pride. Your hard work is being seen. You’ve become a role model. But almost as quickly, that pride can twist into something else: concern.

Because if they truly knew what it was like to be you—stressed, exhausted, chasing financial security—they might rethink their dreams. And you might, too.

Why I Don’t Want My Kids to Be Like Me

After publishing Buy This, Not That, I was drained. Traditional publishing was new for me, and while I was proud to try it, it felt like swinging two bats at the plate—exhausting but satisfying to let go.

Then my publisher offered me a two-book deal. I hesitated. Did I really want to put myself through the grind again? Part of me said no. But another part—the part that wants to instill a strong work ethic in my children—said yes.

As a FIRE parent, I worry about raising entitled kids who don’t appreciate how hard life can be. So I committed to the second book, not just to help readers, but to show my kids what persistence looks like.

The Second Book, And A Moment Of Dread

Two and a half years later, Millionaire Milestones: Simple Steps To Seven Figures is finished and will hit shelves on May 6, 2025. My son has seen me write, heard me talk through chapters, and even weighed in on cover designs.

One day after school, he told me, “I want to be a writer like you, Daddy.”

My heart swelled. And then sank.

Because while writing is rewarding, it’s also brutally hard and not financially practical for most.

The Arduous Life of a Writer

I’ve often wondered how kids end up pursuing some of the least lucrative jobs after 17 years of education. Don’t they realize the world is too cruel to let them major in Art History, English, or Poetry?

Maybe not. In school, they’re encouraged to be creative, follow their passions, and believe they can achieve anything with hard work.

Unfortunately, life has bills to pay.

Unless you’re from one of the wealthiest families, spending four years and hundreds of thousands of dollars on college to pursue a career in the arts is impractical.

If my son majored in English and became a writer like me, he’d face many hungry days. He’d likely never earn enough to buy a home, let alone get married and start a family.

Instead, he could end up living in our garage, wondering where it all went wrong. During my 24 years in San Francisco, I’ve seen plenty of adult sons living at home, unable to provide for themselves.

My wife and I might not see grandchildren either. By pursuing writing, our family lineage could end, unless we build a genetic dynasty like the one in Isaac Asimov’s Foundation.

The Harsh Economics of Writing

The average book advance? $5,000–$10,000. Even a top 1% advance of $250,000 is usually split over 3–4 payments and 2–3 years. That’s maybe $83,000 a year, hardly a golden ticket, especially in a high-cost city.

And most writers don’t even get a deal. Roughly 95% fail to land one. The odds are long. The income is low. Don’t become a professional writer if you want to live well.

As one dad said to me in 2022, when I mentioned writing another book, “I’m sorry. Artificial intelligence is disrupting everything.”

So when my son says he wants to follow in my footsteps, I feel conflicted. I want him to be creative and fulfilled. But I also want him to eat.

Blogging Isn’t Easy Either

“Can’t he just start a blog like you did?” some might ask.

Sure. But most bloggers make little to nothing for years, even if they publish three times a week. AI-generated content is flooding the internet, but it’s not winning reader trust or SEO rewards, yet.

Yes, he could try YouTube or podcasting. But those, too, are long games filled with uncertainty.

Don’t build your main career on a platform you don’t own, and don’t expect passion alone to pay the bills. Here are some more reflections on making money online since 2009.

Meaningful vs. Lucrative Careers

Ideally, your child will find work that’s both meaningful and financially secure. Doctors, nurses, and teachers all contribute to society in incredible ways. But even they face burnout. For teachers, they often aren’t paid enough for what they do.

On the other end are the high-paying but potentially soul-draining jobs—investment banking, big tech, management consulting, and law—the industries where many elite university graduates land. While the work may not be fulfilling, these roles can accelerate the path to financial independence.”

The Freedom To Choose Comes From Financial Stability

If my son wants to write, I hope he does it as a side hustle, at least until he’s financially stable.

Personally, I’d love for him to pursue a career that helps society, even if it doesn’t pay well. But he’ll only have that choice if he builds wealth early. Passion without income is a fast track to resentment.

Before you try to save the world, you’ve got to save yourself.

Work Ethic Is The One Thing You Can Control

You can’t dictate your child’s path, but you can model determination, discipline, and pride in your work. Those are universal skills in any field.

That’s one reason I pushed through writing Millionaire Milestones. It’s not just a book, it’s the culmination of decades of financial learning, packaged to help people build great wealth step-by-step. Further, it’s an example of work ethic.

But let’s be frank: there’s no way I could have written this book or maintained this site without the net worth and passive income to support my family.

Writing is a labor of love. It brings deep satisfaction. But the freedom to do it regularly came only after financial independence.

Final Thoughts

So when your kid says they want to be just like you, take a moment. Smile. Hug them. Then think hard about what it means and what kind of life you really want them to have.

Because maybe the greatest gift we can give our children isn’t just inspiration. It’s optionality.

Millionaire Milestones is out tomorrow and I’d love for you to pick up a hard copy. Thank you for your support!

Reader Questions

Readers, do you believe in following your passion or being practical? Do you want your kids to grow up to do what you do? Why or why not? How do we ensure our kids choose occupations that pay enough and are also spiritually rewarding? How do we instill in our children a work ethic that will help them succeed, no matter their occupation?

When You Don’t Want Your Kids To Grow Up To Be Like You is a Financial Samurai original post. All rights reserved. For more personal finance insights, join 60,000+ others and sign up for my free weekly newsletter.