Gavin Bishop 🔹 comments on Do the GiveWell charities need money currently?

[Gavin Bishop 🔹]

I’m noticing I don’t have a very good mental model for this (if I assume you’re interested primarily in maximising effective GHD donations). Would love other people’s insight.

I saw that OP’s bar for funding was about ~$50 per DALY averted in Oct 2023. Excerpt from OP below:

We’ve reduced the annual rate of our funding for GiveWell’s recommendations because our “bar” for funding in our Global Health and Wellbeing (GHW) portfolio has risen substantially. In July 2022, it was roughly in the range of 1100x-1200x; we recently raised it to slightly over 2000x. That means we need to be averting a DALY for ~$50 (because we value DALYs at $100K) or increasing income for 4 people by ~1% for a year for $1 (because we use a logarithmic utility function anchored at $50K).

Some more questions:
How do GiveWell’s current top charity recommendations each sit at $/​DALY-averted?

Does that mean that we can expect a donation to GiveWell to be buying DALY-aversions for >$50? (But less than what?) (I know that doing this calculation is not always a great idea, but keen to know how OP and GiveWell are thinking about this if they have)

What are reasonable alternatives to consider in this space? (I’m aware of other great non-GHD donation opportunities)

Re:fully funded, my vague mental model is they have a list of projects, ordered in some way, and then they fill till they run out of money +/​- saving for future opportunities. Would love to know whether this is accurate.

Cheers for the practical post question.