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How we work, #1: Cost-effectiveness is generally the most important factor in our recommendations

10 months 4 weeks ago

This post is the first in a multi-part series, covering how GiveWell works and what we fund. We'll add links to the later posts here as they're published. Through these posts, we hope to give a better understanding of our research and decision-making.

Why cost-effectiveness matters

The core question we try to answer in our research is: How much good can you do by giving money to a certain program?

Consider how much good your donation could do if you give to a program that costs $50,000 to save a life versus one that costs $5,000 to save a life (which is roughly what we estimate for our top charities). Giving to the latter would have 10 times more impact. While in an ideal world both programs would receive funding, we focus on identifying the most cost-effective programs so that the limited amount of funding available can make the greatest difference.

The basics

We've written in detail here about our approach to cost-effectiveness analysis and its limitations. Our bottom-line estimates are always uncertain, and we don't expect them to be literally true. At the same time, they help us compare programs to each other so that we can direct funding where we believe it will have the greatest impact.

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The post How we work, #1: Cost-effectiveness is generally the most important factor in our recommendations appeared first on The GiveWell Blog.

Isabel Arjmand

How we work, #1: Cost-effectiveness is generally the most important factor in our recommendations

10 months 4 weeks ago

This post is the first in a multi-part series, covering how GiveWell works and what we fund. We'll add links to the later posts here as they're published. Through these posts, we hope to give a better understanding of our research and decision-making.

Why cost-effectiveness matters

The core question we try to answer in our research is: How much good can you do by giving money to a certain program?

Consider how much good your donation could do if you give to a program that costs $50,000 to save a life versus one that costs $5,000 to save a life (which is roughly what we estimate for our top charities). Giving to the latter would have 10 times more impact. While in an ideal world both programs would receive funding, we focus on identifying the most cost-effective programs so that the limited amount of funding available can make the greatest difference.

The basics

We've written in detail here about our approach to cost-effectiveness analysis and its limitations. Our bottom-line estimates are always uncertain, and we don't expect them to be literally true. At the same time, they help us compare programs to each other so that we can direct funding where we believe it will have the greatest impact.

Read More

The post How we work, #1: Cost-effectiveness is generally the most important factor in our recommendations appeared first on The GiveWell Blog.

Isabel Arjmand

October 2023 updates

11 months ago

Every month we send an email newsletter to our supporters sharing recent updates from our work. We publish selected portions of the newsletter on our blog to make this news more accessible to people who visit our website. For key updates from the latest installment, please see below!

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The post October 2023 updates appeared first on The GiveWell Blog.

Jeremy Rehwaldt

Open Philanthropy’s 2023-2025 funding of $300 million total for GiveWell’s recommendations

11 months 2 weeks ago

This year, Open Philanthropy plans to give $300 million for GiveWell to spend over the next three years. We're grateful for what this support will enable us to do.

Annualized, this is similar to what Open Philanthropy gave in 2020 and roughly in line with what we projected earlier this year. It's less than Open Philanthropy gave in 2021 and 2022, and we'll need strong growth in donations in order to make up the difference. We expect to identify more great funding opportunities than we’ll be able to fund, and your support can fill those cost-effective gaps, helping to save and improve people’s lives.

Below, we share:

  • How this update affects GiveWell's work
  • More background on Open Philanthropy and GiveWell's relationship
  • Why Open Philanthropy's spending is changing
  • The impact donors can have by supporting GiveWell's recommendations

Read More

The post Open Philanthropy’s 2023-2025 funding of $300 million total for GiveWell’s recommendations appeared first on The GiveWell Blog.

Isabel Arjmand

Open Philanthropy’s 2023-2025 funding of $300 million total for GiveWell’s recommendations

11 months 2 weeks ago

This year, Open Philanthropy plans to give $300 million for GiveWell to spend over the next three years. We're grateful for what this support will enable us to do.

Annualized, this is similar to what Open Philanthropy gave in 2020 and roughly in line with what we projected earlier this year. It's less than Open Philanthropy gave in 2021 and 2022, and we'll need strong growth in donations in order to make up the difference. We expect to identify more great funding opportunities than we’ll be able to fund, and your support can fill those cost-effective gaps, helping to save and improve people’s lives.

Below, we share:

  • How this update affects GiveWell's work
  • More background on Open Philanthropy and GiveWell's relationship
  • Why Open Philanthropy's spending is changing
  • The impact donors can have by supporting GiveWell's recommendations

Read More

The post Open Philanthropy’s 2023-2025 funding of $300 million total for GiveWell’s recommendations appeared first on The GiveWell Blog.

Isabel Arjmand

September 2023 updates

1 year ago

Every month we send an email newsletter to our supporters sharing recent updates from our work. We’ve decided to start publishing selected portions of the newsletter on our blog to make this news more accessible to people who might visit our website. For key updates from the latest installment, please see below!

Read More

The post September 2023 updates appeared first on The GiveWell Blog.

Jeremy Rehwaldt

September 2023 updates

1 year ago

Every month we send an email newsletter to our supporters sharing recent updates from our work. We’ve decided to start publishing selected portions of the newsletter on our blog to make this news more accessible to people who might visit our website. For key updates from the latest installment, please see below!

Read More

The post September 2023 updates appeared first on The GiveWell Blog.

Jeremy Rehwaldt

September 2023 open thread

1 year ago

Our goal with hosting quarterly open threads is to give blog readers an opportunity to publicly raise comments or questions about GiveWell or related topics (in the comments section below). As always, you’re also welcome to email us at info@givewell.org or to request a call with GiveWell staff if you have feedback or questions you’d prefer to discuss privately. We’ll try to respond promptly to questions or comments.

You can view previous open threads here.

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The post September 2023 open thread appeared first on The GiveWell Blog.

Miranda Kaplan

September 2023 open thread

1 year ago

Our goal with hosting quarterly open threads is to give blog readers an opportunity to publicly raise comments or questions about GiveWell or related topics (in the comments section below). As always, you’re also welcome to email us at info@givewell.org or to request a call with GiveWell staff if you have feedback or questions you’d prefer to discuss privately. We’ll try to respond promptly to questions or comments.

You can view previous open threads here.

Read More

The post September 2023 open thread appeared first on The GiveWell Blog.

Miranda Kaplan

Why we’re funding clubfoot treatment through MiracleFeet

1 year 2 months ago

For many people, GiveWell is practically synonymous with our short list of top charities. But the amount of money we've sent to other organizations, doing other important work, has been increasing. In 2021, we made or recommended about $190 million in grants to non–top charity programs, like water treatment and malnutrition treatment, and in 2022, we set up the All Grants Fund specifically so donors could contribute to programs in this category.

We want to use this blog to give you more frequent, brief insights into these newer areas of our grantmaking before we publish our formal grant write-ups. Below we'll discuss, in light detail, a program that's well outside of our traditional wheelhouse, but that we think significantly improves children's lives—treatment for clubfoot with an organization called MiracleFeet.

Read More

The post Why we’re funding clubfoot treatment through MiracleFeet appeared first on The GiveWell Blog.

Miranda Kaplan

Why we’re funding clubfoot treatment through MiracleFeet

1 year 2 months ago

For many people, GiveWell is practically synonymous with our short list of top charities. But the amount of money we've sent to other organizations, doing other important work, has been increasing. In 2021, we made or recommended about $190 million in grants to non–top charity programs, like water treatment and malnutrition treatment, and in 2022, we set up the All Grants Fund specifically so donors could contribute to programs in this category.

We want to use this blog to give you more frequent, brief insights into these newer areas of our grantmaking before we publish our formal grant write-ups. Below we'll discuss, in light detail, a program that's well outside of our traditional wheelhouse, but that we think significantly improves children's lives—treatment for clubfoot with an organization called MiracleFeet.

Read More

The post Why we’re funding clubfoot treatment through MiracleFeet appeared first on The GiveWell Blog.

Miranda Kaplan

June 2023 open thread

1 year 3 months ago

Our goal with hosting quarterly open threads is to give blog readers an opportunity to publicly raise comments or questions about GiveWell or related topics (in the comments section below). As always, you’re also welcome to email us at info@givewell.org or to request a call with GiveWell staff if you have feedback or questions you’d prefer to discuss privately. We’ll try to respond promptly to questions or comments.

You can view previous open threads here.

Read More

The post June 2023 open thread appeared first on The GiveWell Blog.

Miranda Kaplan

June 2023 open thread

1 year 3 months ago

Our goal with hosting quarterly open threads is to give blog readers an opportunity to publicly raise comments or questions about GiveWell or related topics (in the comments section below). As always, you’re also welcome to email us at info@givewell.org or to request a call with GiveWell staff if you have feedback or questions you’d prefer to discuss privately. We’ll try to respond promptly to questions or comments.

You can view previous open threads here.

Read More

The post June 2023 open thread appeared first on The GiveWell Blog.

Miranda Kaplan

Why GiveWell funded the rollout of the malaria vaccine

1 year 4 months ago

Since our founding in 2007, GiveWell has directed over $600 million to programs that aim to prevent malaria, a mosquito-borne disease that causes severe illness and death. Malaria is preventable and curable, yet it killed over 600,000 people in 2021—mostly young children in Africa.

Following the World Health Organization’s approval of the RTS,S/AS01 malaria vaccine (RTS,S) in late 2021, GiveWell directed $5 million to PATH to accelerate the roll out of the vaccine in certain areas of Ghana, Kenya, and Malawi. This grant aimed to enable these communities to gain access to the vaccine about a year earlier than they otherwise would, protecting hundreds of thousands of children from malaria.

Although we’re very excited about the potential of the RTS,S malaria vaccine to save lives, it isn’t a panacea. We still plan to support a range of malaria control interventions, including vaccines, nets, and antimalarial medicine.

In this post, we will:

  • Explain how we found the opportunity to fund the malaria vaccine
  • Discuss why we funded this grant
  • Share our plan for malaria funding moving forward

Read More

The post Why GiveWell funded the rollout of the malaria vaccine appeared first on The GiveWell Blog.

Audrey Cooper

Why GiveWell funded the rollout of the malaria vaccine

1 year 4 months ago

Since our founding in 2007, GiveWell has directed over $600 million to programs that aim to prevent malaria, a mosquito-borne disease that causes severe illness and death. Malaria is preventable and curable, yet it killed over 600,000 people in 2021—mostly young children in Africa.

Following the World Health Organization’s approval of the RTS,S/AS01 malaria vaccine (RTS,S) in late 2021, GiveWell directed $5 million to PATH to accelerate the roll out of the vaccine in certain areas of Ghana, Kenya, and Malawi. This grant aimed to enable these communities to gain access to the vaccine about a year earlier than they otherwise would, protecting hundreds of thousands of children from malaria.

Although we’re very excited about the potential of the RTS,S malaria vaccine to save lives, it isn’t a panacea. We still plan to support a range of malaria control interventions, including vaccines, nets, and antimalarial medicine.

In this post, we will:

  • Explain how we found the opportunity to fund the malaria vaccine
  • Discuss why we funded this grant
  • Share our plan for malaria funding moving forward

Read More

The post Why GiveWell funded the rollout of the malaria vaccine appeared first on The GiveWell Blog.

Audrey Cooper

How much funding does GiveWell expect to raise through 2025?

1 year 5 months ago

We’re optimistic that GiveWell’s funds raised will continue to increase in the long run. Over the next few years, we believe our annual funds raised are more likely to stay relatively constant, due to a decrease in expected funding from our largest donor, Open Philanthropy, offset by an expected increase in funding from our other donors.

In November 2021, we wrote that we were anticipating rapid growth and aiming to influence $1 billion in 2025. Now, our best guess is that we’ll raise between $400 million and $800 million in 2025 (for comparison, we raised around $600 million in 2022). We now think it’s possible but unlikely that we’ll raise close to $1 billion in 2025, and we also think it’s possible but unlikely that our funds raised in 2025 will be substantially lower (e.g. around $300 million) than they were in 2022.

We’re excited about the impact we can have at any of those levels of funding, and we’ll be continuing to direct as much funding as we can raise to the most cost-effective opportunities we can find.

Read More

The post How much funding does GiveWell expect to raise through 2025? appeared first on The GiveWell Blog.

Isabel Arjmand

How much funding does GiveWell expect to raise through 2025?

1 year 5 months ago

We’re optimistic that GiveWell’s funds raised will continue to increase in the long run. Over the next few years, we believe our annual funds raised are more likely to stay relatively constant, due to a decrease in expected funding from our largest donor, Open Philanthropy, offset by an expected increase in funding from our other donors.

In November 2021, we wrote that we were anticipating rapid growth and aiming to influence $1 billion in 2025. Now, our best guess is that we’ll raise between $400 million and $800 million in 2025 (for comparison, we raised around $600 million in 2022). We now think it’s possible but unlikely that we’ll raise close to $1 billion in 2025, and we also think it’s possible but unlikely that our funds raised in 2025 will be substantially lower (e.g. around $300 million) than they were in 2022.

We’re excited about the impact we can have at any of those levels of funding, and we’ll be continuing to direct as much funding as we can raise to the most cost-effective opportunities we can find.

Read More

The post How much funding does GiveWell expect to raise through 2025? appeared first on The GiveWell Blog.

Isabel Arjmand

March 2023 open thread

1 year 6 months ago

Our goal with hosting quarterly open threads is to give blog readers an opportunity to publicly raise comments or questions about GiveWell or related topics (in the comments section below). As always, you’re also welcome to email us at info@givewell.org or to request a call with GiveWell staff if you have feedback or questions you’d prefer to discuss privately. We’ll try to respond promptly to questions or comments.

You can view previous open threads here.

Read More

The post March 2023 open thread appeared first on The GiveWell Blog.

Miranda Kaplan

March 2023 open thread

1 year 6 months ago

Our goal with hosting quarterly open threads is to give blog readers an opportunity to publicly raise comments or questions about GiveWell or related topics (in the comments section below). As always, you’re also welcome to email us at info@givewell.org or to request a call with GiveWell staff if you have feedback or questions you’d prefer to discuss privately. We’ll try to respond promptly to questions or comments.

You can view previous open threads here.

Read More

The post March 2023 open thread appeared first on The GiveWell Blog.

Miranda Kaplan