I am curious whether funds which were previously allocated to the Maximum Impact Fund, before you added the “high confidence” modifier, will now be allocated to your this other set, rather than to the grants you expect to have the highest expected impact.
To clarify, “Maximum Impact Fund” was our previous name for the fund that we allocated toward the highest-priority gaps within our top charities. The name of that fund is now “Top Charities Fund,” and it’ll continue to be used to fill top-charity funding gaps. The function hasn’t changed, only the name (and now, given our recent update to our criteria for top charities, it will be distributed among a smaller set of programs).
We think the All Grants Fund and Top Charities Fund will likely be of similar cost-effectiveness, since we are using the same cost-effectiveness bar (currently 10x cash) for grants from both funds. But because the All Grants Fund may be used for higher-expected-value opportunities that don’t necessarily meet the “confidence” criterion, it’s possible that All Grants Fund will be higher-expected-value overall.
I’m not 100% sure I’m interpreting your query correctly, so please let me know if I can clarify anything further!
I am curious whether funds which were previously allocated to the Maximum Impact Fund, before you added the “high confidence” modifier, will now be allocated to your this other set, rather than to the grants you expect to have the highest expected impact.
Hi, Nuno,
To clarify, “Maximum Impact Fund” was our previous name for the fund that we allocated toward the highest-priority gaps within our top charities. The name of that fund is now “Top Charities Fund,” and it’ll continue to be used to fill top-charity funding gaps. The function hasn’t changed, only the name (and now, given our recent update to our criteria for top charities, it will be distributed among a smaller set of programs).
We think the All Grants Fund and Top Charities Fund will likely be of similar cost-effectiveness, since we are using the same cost-effectiveness bar (currently 10x cash) for grants from both funds. But because the All Grants Fund may be used for higher-expected-value opportunities that don’t necessarily meet the “confidence” criterion, it’s possible that All Grants Fund will be higher-expected-value overall.
I’m not 100% sure I’m interpreting your query correctly, so please let me know if I can clarify anything further!
Best,
Miranda
Received, cheers