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GiveWell

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227:. The Hewlett Foundation continued to be a major funder of GiveWell until March 2014, when the Hewlett Foundation announced that it was ending the Nonprofit Marketplace Initiative based on a 2010 study it commissioned that found that only 3% of donors selected charities based on performance metrics (rather than e.g. loyalty, personal connections, or faith), and a subsequent 2012 study showing that efforts to provide better data were not changing that pattern. 40: 207:
In the first year, Karnofsky and Hassenfeld advocated that charities should generally spend more money on overhead, so that they could pay for staff and record keeping to track how effective their efforts were; this ran counter to standard ways of evaluating charities based on the ratio of overhead
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services to donors. They eventually decided to rate charities based on the metric of how much money it cost to save a life. In the first year, funding to run the nonprofit was provided by a fund called the Clear Fund into which the former members of informal club, now directors of GiveWell, had put
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to ask questions about where to find good information about how to donate and then answering them, recommending GiveWell. GiveWell's board of directors investigated and found that the founders Karnofsky and Hassenfeld had acted inappropriately and as a result, it fined each of them $ 5000 and
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In 2017, Open Philanthropy separated from GiveWell, and upon Karnofsky stepping down as Co-Executive Director of GiveWell, Elie Hassenfeld became GiveWell's sole Executive Director.
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similar to those they used at the fund, and were surprised to find the data often didn't exist. The next year, Karnofsky and Hassenfeld formed GiveWell as a nonprofit to provide
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Open Philanthropy has investigated giving money to criminal justice reform and a range of other policy areas, and has funded work into mitigating risks of
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The tech community around Silicon Valley has embraced the movement with particular enthusiasm, and GiveWell moved its offices to San Francisco in 2013.
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and his fiancee Kaitlyn Trigger pledged $ 750,000 to Open Philanthropy over two years, with 10% going to fund the operations of the project.
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of the organizations that it evaluates, rather than traditional metrics such as the percentage of the organization's budget that is spent on
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GiveWell makes annual recommendations of the most cost-effective charities. They estimate that they save an average of one life for every
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has criticized the charity evaluator, saying that it does not sufficiently take into account harms caused by its recommended charities.
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In late 2007, GiveWell's founders promoted the organization on several internet blogs and forums using
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in Connecticut, formed an informal group with colleagues to evaluate charities based on data and
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Nicole Bennett; Ashley Carter; Romney Resney & Wendy Woods (February 10, 2016).
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Givewell's approach is data-driven, and they recommend charities which work in the
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3,500–5,500 donated. As of August 2022, the top recommended charities are:
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Wenar, Leif (2011). "Poverty Is No Pond". In Illingworth, Patricia M. L.;
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around $ 300,000, with about half of that going to fund the organization.
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In 2013, GiveWell moved its offices to San Francisco where people in
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Karnofsky was demoted from executive director to a program director.
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had become strong supporters of the effective altruism philosophy.
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The Life You Can Save: Acting Now To End World Poverty
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Existential risk from artificial general intelligence
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All-Party Parliamentary Group for Future Generations
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Index

Elie Hassenfeld

Holden Karnofsky
501(c)(3) organization
Charity evaluation
San Francisco
givewell.org
non-profit
charity assessment
effective altruism
cost-effectiveness
overhead
Holden Karnofsky
hedge fund
performance metrics
financial analyst
sockpuppets
William and Flora Hewlett Foundation
Nonprofit Marketplace Initiative
Silicon Valley
developing world
Leif Wenar
Open Philanthropy
Good Ventures
Dustin Moskovitz
Cari Tuna
Open Philanthropy
Mike Krieger
artificial intelligence
biosecurity

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