Executive summary: Open Philanthropy commits $300 million over 3 years to GiveWell’s evidence-backed, cost-effective recommendations in global health and development.
Key points:
Open Philanthropy’s commitment will be spent at GiveWell’s discretion, with the aim of maximizing benefit to beneficiaries. This follows active discussions between the two entities regarding the allocation of funds.
Notable past funded grants include $67.5M to Helen Keller International for vitamin A supplementation programs, $61.4M to Malaria Consortium for malaria prevention programs, and $13.2M to Evidence Action for syphilis testing and treatment in pregnancy.
Open Philanthropy has raised its “bar” for funding in its Global Health and Wellbeing portfolio due to a decrease in available assets and growth in giving opportunities to combat global catastrophic risks, causing a reduction in the annual rate of funding for GiveWell’s recommendations.
GiveWell’s growth and the higher funding bar have influenced Open Philanthropy’s funding plans, with GiveWell’s funding being more responsive to changes in assets and the bar due to its large base of donors and scalable interventions.
Open Philanthropy notes a possible discrepancy between its estimated cost-effectiveness bar and GiveWell’s, but commits to working closely with GiveWell to assess these differences and ensure the best opportunities are funded.
Despite uncertainties, Open Philanthropy states that GiveWell’s cost-effectiveness margin is expected to remain strong, making it a promising opportunity for donors.
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Executive summary: Open Philanthropy commits $300 million over 3 years to GiveWell’s evidence-backed, cost-effective recommendations in global health and development.
Key points:
Open Philanthropy’s commitment will be spent at GiveWell’s discretion, with the aim of maximizing benefit to beneficiaries. This follows active discussions between the two entities regarding the allocation of funds.
Notable past funded grants include $67.5M to Helen Keller International for vitamin A supplementation programs, $61.4M to Malaria Consortium for malaria prevention programs, and $13.2M to Evidence Action for syphilis testing and treatment in pregnancy.
Open Philanthropy has raised its “bar” for funding in its Global Health and Wellbeing portfolio due to a decrease in available assets and growth in giving opportunities to combat global catastrophic risks, causing a reduction in the annual rate of funding for GiveWell’s recommendations.
GiveWell’s growth and the higher funding bar have influenced Open Philanthropy’s funding plans, with GiveWell’s funding being more responsive to changes in assets and the bar due to its large base of donors and scalable interventions.
Open Philanthropy notes a possible discrepancy between its estimated cost-effectiveness bar and GiveWell’s, but commits to working closely with GiveWell to assess these differences and ensure the best opportunities are funded.
Despite uncertainties, Open Philanthropy states that GiveWell’s cost-effectiveness margin is expected to remain strong, making it a promising opportunity for donors.
This comment was auto-generated by the EA Forum Team. Feel free to point out issues with this summary by replying to the comment, and contact us if you have feedback.