weblink}}| remarks = | formerly = | footnotes = | bodystyle = }}GiveWell is an American non-profit charity assessment and effective altruism-focused organization. GiveWell focuses primarily on the cost-effectiveness of the organizations that it evaluates, rather than traditional metrics such as the percentage of the organization's budget that is spent on overhead.

History

In 2006, Holden Karnofsky and Elie Hassenfeld, who worked at a hedge fund in Connecticut, formed an informal group with colleagues to evaluate charities based on data and performance metrics 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 financial analyst services to donors.NEWS,weblink That Time A Hedge Funder Quit His Job And Then Raised $60 Million For Charity, Pitney, Nico, March 26, 2015, April 27, 2015, Huffington Post, The tech community around Silicon Valley has embraced the movement with particular enthusiasm, and GiveWell moved its offices to San Francisco in 2013., They eventually decided to rate charities based on the metric of how much money it cost to save a life.BOOK, Poverty Is No Pond, Wenar, Leif, Illingworth, Patricia M. L., Pogge, Thomas, Thomas Pogge, Wenar, Leif, Giving Well: The Ethics of Philanthropy, 2011, Oxford University Press, 978-0-19-973907-3, 588998863, 124, 10.1093/acprof:oso/9780199739073.001.0001, Peter Singer. The Life You Can Save: Acting Now To End World Poverty, Random House, 2009. Ch. 6, pp. 81â€“104 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 around $300,000, with about half of that going to fund the organization.NEWS, Strom, Stephanie, 2 Young Hedge-Fund Veterans Stir Up the World of Philanthropy,weblink The New York Times, 20 December 2007, 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 to funds deployed for the charity work itself.NEWS, Young Duo to 'Clear' the Way for Charitable Giving,weblink National Public Radio, In late 2007, GiveWell's founders promoted the organization on several internet blogs and forums using sockpuppets to ask questions about where to find good information about how to donate and then answering them, recommending GiveWell.NEWS, Founder of a Nonprofit Is Punished by Its Board for Engaging in an Internet Ruse, Stephanie Strom,weblink The New York Times, 8 January 2008, 13 September 2011, 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 Karnofsky was demoted from executive director to a program director.NEWS, Strom, Stephanie, Nonprofit Punishes a 2nd Founder for Ruse,weblink The New York Times, 15 January 2008, In 2008, GiveWell received funding from the William and Flora Hewlett Foundation's Nonprofit Marketplace Initiative. 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.WEB,weblink Strengthening Our Sector, March 11, 2014, September 6, 2014, William and Flora Hewlett Foundation, Louie, Lindsay, Twersky, Fay,weblink" title="web.archive.org/web/20160918084110weblink">weblink September 18, 2016, In 2013, GiveWell moved its offices to San Francisco where people in Silicon Valley had become strong supporters of the effective altruism philosophy.

Approach

Givewell's approach is data-driven, and they recommend charities which work in the developing world.NEWS, Aizenman, Nurith, On #GivingTuesday, How To Get The Most Bang For Your Charity Buck,weblink 27 February 2018, NPR.org, National Public Radio, NPR, November 27, 2017, en, American philosopher Leif Wenar has criticized the charity evaluator, saying that it does not sufficiently take into account harms caused by its recommended charities.NEWS, Wenar, Leif, The Deaths of Effective Altruism,weblink Wired,

Open Philanthropy

In 2011, Good Ventures, founded with $8.3 billion by husband and wife Dustin Moskovitz and Cari Tuna, partnered with GiveWell to set up a partner organization called Open Philanthropy, as a vehicle to direct the funding done by Good Ventures.WEB,weblink Another Facebook Co-Founder Gets Philanthropic, Preston, Caroline, Chronicle of Philanthropy, January 10, 2012, March 25, 2014, WEB,weblink bcg.perspectives - How Tech Entrepreneurs Are Disrupting Philanthropy, The Boston Consulting Group, February 10, 2016, Nicole Bennett, Ashley Carter, Romney Resney, Wendy Woods, amp, September 12, 2017, In 2015, Mike Krieger and his fiancee Kaitlyn Trigger pledged $750,000 to Open Philanthropy over two years, with 10% going to fund the operations of the project.WEB,weblink You have $8 billion. You want to do as much good as possible. What do you do?, Matthews, Dylan, Dylan Matthews, April 24, 2015, April 27, 2015, Vox (website), Vox, Open Philanthropy has investigated giving money to criminal justice reform and a range of other policy areas,JOURNAL, Berkey, Brian, The Institutional Critique of Effective Altruism, Utilitas, 22,weblink 12 September 2017, and has funded work into mitigating risks of artificial intelligence,WEB,weblink Boston group awards $6m from Elon Musk to jump-start artificial intelligence research, Boston Globe, July 1, 2015, Elizabeth Preston, March 20, 2016, NEWS,weblink Musk-Backed Group Probes Risks Behind Artificial Intelligence, Bloomberg Business, July 1, 2015, Jack Clark, March 20, 2016, WEB,weblink Why Elon Musk is donating millions to make artificial intelligence safer, Jonathan, Vanian, July 1, 2015, March 19, 2016, Fortune, biosecurity,JOURNAL, Yassif, J, Reducing Global Catastrophic Biological Risks., Health Security, 2017, 15, 4, 329â€“330, 10.1089/hs.2017.0049, 28745920, 5576261, and global health.WEB,weblink Leverage: Why This Silicon Valley Funder Is Doubling Down on a Beltway Think Tank, Inside Philanthropy, March 9, 2016, March 19, 2016, 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.WEB, Hollander, Catherine, 12 June 2017, Separating GiveWell and the Open Philanthropy Project,weblink 2022-08-20, GiveWell,

Recommended charities

GiveWell makes annual recommendations of the most cost-effective charities. They estimate that they save an average of one life for every US$3,500â€“5,500 donated.WEB, Our Top Charities,weblink 2022-08-17, August 2022, GiveWell, As of August 2022, the top recommended charities are:

Malaria Consortium (malaria prevention)
Against Malaria Foundation (malaria prevention)
Helen Keller International (supplements to prevent vitamin A deficiency)
New Incentives (conditional cash transfers to encourage vaccination)

References

External links

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