There’s a “charity portfolio management” startup called The Agora Fund that’s trying to funnel money to high-impact nonprofits. It seems to be using a reasonable definition of “impact” (e.g., they’re using Givewell as an information source and listing GiveDirectly and Deworm the World as top charities). I’d never heard of them before, but saw that they’re hiring in New York.
They try to tailor impact research reports donors’ priorities, aggregate donations for payment and tax purposes, and take a cut between 2.25 and 7.25% of the donated amount. (The higher figure is for charities they provide research reports on, so it’s actually a larger cut for the charities they recommend.) Page 13 describes the service levels/costs/benefits.
The fact that it’s a for-profit company is a bit surprising. Does anyone have any thoughts about whether this seems useful, beneficial, likely to succeed, etc.?
There’s a “charity portfolio management” startup called The Agora Fund that’s trying to funnel money to high-impact nonprofits. It seems to be using a reasonable definition of “impact” (e.g., they’re using Givewell as an information source and listing GiveDirectly and Deworm the World as top charities). I’d never heard of them before, but saw that they’re hiring in New York.
Site link
Investor info pamphlet
They try to tailor impact research reports donors’ priorities, aggregate donations for payment and tax purposes, and take a cut between 2.25 and 7.25% of the donated amount. (The higher figure is for charities they provide research reports on, so it’s actually a larger cut for the charities they recommend.) Page 13 describes the service levels/costs/benefits.
The fact that it’s a for-profit company is a bit surprising. Does anyone have any thoughts about whether this seems useful, beneficial, likely to succeed, etc.?