In a post on X, Caleb Watney said he has left the Institute for Progress to join Coeff Giving as managing director of public policy, where he says he is building a new U.S. AI policy team, overseeing the Abundance and Growth Fund alongside Matt Clancy, and managing the group's government affairs work. The move was also framed in an X post by Alec Stapp, Watney's Institute for Progress co-founder, who called the change "bittersweet" and wrote that AI's stakes in Washington need more funders who understand both policy and D.C.