We aim to find and fund around $1 billion of highly cost-effective giving opportunities annually by 2025. […]
We’ve set the target of $1.5 billion in funding opportunities identified by 2025 with the goal of exceeding the amount of funding we raise while maintaining a relatively high cost-effectiveness bar. If we raise significantly more—for example, $2 billion in 2022—we expect we’d drop our cost-effectiveness bar more quickly to keep pace with our growth.
It sounds like there is significant room for more funding here (which Open Phil’s neartermist budget wouldn’t be enough to completely cover for very long). This seems like a very different funding situation than how the EA Infrastructure Fund and Long-Term Future Fund are generously granting funding to good proposals. I think it’s important for the table to distinguish these two scenarios.
My understanding of GiveWell’s post “We aim to cost-effectively direct around $1 billion annually by 2025” is that there are significant funding gaps, but they will probably drop the funding bar from 8× the cost-effectiveness of cash transfers to 5–8× (roughly speaking).
It sounds like there is significant room for more funding here (which Open Phil’s neartermist budget wouldn’t be enough to completely cover for very long). This seems like a very different funding situation than how the EA Infrastructure Fund and Long-Term Future Fund are generously granting funding to good proposals. I think it’s important for the table to distinguish these two scenarios.