We got feedback from several people that they weren’t applying to the funds because they didn’t want to have a public report. There are lots of reasons that I sympathize with for not wanting a public report, especially as an individual (e.g. you’re worried about it affecting future job prospects, you’re asking for money for mental health support and don’t want that to be widely known, etc.). My vision (at least for the Long-Term Future Fund) is to become a good default funding source for individuals and new organizations, and I think that vision is compromised if some people don’t want to apply for publicity reasons.
Broadly, I think the benefits to funding more people outweigh the costs to transparency.
Is there a way to make things pseudo-anonymous, revealing the type of grants being made privately but preserving the anonymity of the grant recipient? It seems like that preserves a lot of the value of what you want to protect without much downside.
For example, I’d be personally very skeptical that giving grants for personal mental support would be the best way to improve the long-term future and would make me less likely to support the LTFF and if all such grants weren’t public, I wouldn’t know that. There might also be people for whom the opposite is true and they wouldn’t donate to LTFF because they didn’t know such grants were being made. If you said e.g. “$100K was given out last quarter to support the mental health of individuals” we’d get what we want, but we’d still have no idea who the recipients are.
I like this idea; I’ll think about it and discuss with others. I think I want grantees to be able to preserve as much privacy as they want (including not being listed in even really broad pseudo-anonymous classifications), but I’m guessing most would be happy to opt-in to something like this.
(We’ve done anonymous grant reports before but I think they were still more detailed than people would like.)
Any updates here? I share Devon’s concern: this news also makes me less likely to want to donate via EA Funds. At worst, the fear would be this: so much transparency is lost that donations go into mysterious black holes rather than funding effective organizations. What steps can be taken to convince donors that that’s not what’s happening?
(I am the new interim project lead for EA funds and will be running EA funds going forward.)
I completely understand that you want to know that your donations are used in a way that you think is good for the world. We refer private grants to private funders so that you know that your money is not being used for projects that you get little or no visibility on.
I think that EA Funds is mostly for donors that are happy to lean on the judgment of our fund managers. Sometimes our fund managers may well fund things like mental health support if they think is one of the best ways to improve the world. LTFF and EAIF in particular, fund a variety of projects that are often unusual. If you don’t trust the judgment of our fund managers or don’t agree with the scope of our funds there are probably donation opportunities that might be a better fit for you than EA Funds.
We try hard to optimise the service for the grantees and this means that we may fall short of building the best service for our donors. We are exploring more donor-focused products with GWWC, that we will hopefully be able to offer soon.
GWWC’s effective charity recommendations page states, “For most people, we recommend donating through a reputable fund that’s focused on effectiveness.” There follows a list of 8 funds, of which the first 4 are EA funds.
If your view as EA funds lead is that EA funds are only suitable for donors who personally trust the judgment of your fund managers, then something seems to have gone wrong with the messaging, because “most people” won’t be in a position to form a view on that.
I also note that none of the funds list under “Why you might choose not to donate to this Fund” that the fund may not account for its donations, which I suspect (as your comment implies) would be a highly material factor to at least some donors. The EA Infrastructure Fund does indicate that a potential donor might not donate if they have concerns about grantmaker independence, but that’s not quite the same point, and there’s no similar warning for the other funds.
The difficulty here is that you understand EA Funds as existing for a narrow set of donors (those who are in a position to assess the trustworthiness of individual fund managers). That may well be a sensible thing to exist, but the funds are being marketed as suitable for a much wider class of donors (“most people”).
Now that the whole FTX thing has happened, have you reconsidered your position about the trust the public should have in organizations that don’t share the distribution of funds?
We got feedback from several people that they weren’t applying to the funds because they didn’t want to have a public report. There are lots of reasons that I sympathize with for not wanting a public report, especially as an individual (e.g. you’re worried about it affecting future job prospects, you’re asking for money for mental health support and don’t want that to be widely known, etc.). My vision (at least for the Long-Term Future Fund) is to become a good default funding source for individuals and new organizations, and I think that vision is compromised if some people don’t want to apply for publicity reasons.
Broadly, I think the benefits to funding more people outweigh the costs to transparency.
Thanks for the response.
Is there a way to make things pseudo-anonymous, revealing the type of grants being made privately but preserving the anonymity of the grant recipient? It seems like that preserves a lot of the value of what you want to protect without much downside.
For example, I’d be personally very skeptical that giving grants for personal mental support would be the best way to improve the long-term future and would make me less likely to support the LTFF and if all such grants weren’t public, I wouldn’t know that. There might also be people for whom the opposite is true and they wouldn’t donate to LTFF because they didn’t know such grants were being made. If you said e.g. “$100K was given out last quarter to support the mental health of individuals” we’d get what we want, but we’d still have no idea who the recipients are.
I like this idea; I’ll think about it and discuss with others. I think I want grantees to be able to preserve as much privacy as they want (including not being listed in even really broad pseudo-anonymous classifications), but I’m guessing most would be happy to opt-in to something like this.
(We’ve done anonymous grant reports before but I think they were still more detailed than people would like.)
Any updates here? I share Devon’s concern: this news also makes me less likely to want to donate via EA Funds. At worst, the fear would be this: so much transparency is lost that donations go into mysterious black holes rather than funding effective organizations. What steps can be taken to convince donors that that’s not what’s happening?
(I am the new interim project lead for EA funds and will be running EA funds going forward.)
I completely understand that you want to know that your donations are used in a way that you think is good for the world. We refer private grants to private funders so that you know that your money is not being used for projects that you get little or no visibility on.
I think that EA Funds is mostly for donors that are happy to lean on the judgment of our fund managers. Sometimes our fund managers may well fund things like mental health support if they think is one of the best ways to improve the world. LTFF and EAIF in particular, fund a variety of projects that are often unusual. If you don’t trust the judgment of our fund managers or don’t agree with the scope of our funds there are probably donation opportunities that might be a better fit for you than EA Funds.
We try hard to optimise the service for the grantees and this means that we may fall short of building the best service for our donors. We are exploring more donor-focused products with GWWC, that we will hopefully be able to offer soon.
GWWC’s effective charity recommendations page states, “For most people, we recommend donating through a reputable fund that’s focused on effectiveness.” There follows a list of 8 funds, of which the first 4 are EA funds.
If your view as EA funds lead is that EA funds are only suitable for donors who personally trust the judgment of your fund managers, then something seems to have gone wrong with the messaging, because “most people” won’t be in a position to form a view on that.
I also note that none of the funds list under “Why you might choose not to donate to this Fund” that the fund may not account for its donations, which I suspect (as your comment implies) would be a highly material factor to at least some donors. The EA Infrastructure Fund does indicate that a potential donor might not donate if they have concerns about grantmaker independence, but that’s not quite the same point, and there’s no similar warning for the other funds.
The difficulty here is that you understand EA Funds as existing for a narrow set of donors (those who are in a position to assess the trustworthiness of individual fund managers). That may well be a sensible thing to exist, but the funds are being marketed as suitable for a much wider class of donors (“most people”).
I agree with the last paragraph above, and want to point out that the funds, including LTFF, are still being marketed this way at GWWC: https://web.archive.org/web/20240409182610/https://www.givingwhatwecan.org/donate/organizations
Huh, there does seem to be a communication mismatch. Though I do think the Animal Welfare fund and the Global Health fund are more legible than LTFF.
Now that the whole FTX thing has happened, have you reconsidered your position about the trust the public should have in organizations that don’t share the distribution of funds?