I agree with a lot of the content here, but I disagree with this suggestion:
The funds could take a similar approach to Giving What We Can – allocate funds to the top charities in their cause area, and donate to those charities on a regular basis until the fund manager comes along and updates the allocation.
If the annual discount rate is 12% and funds are granted out annually, then I believe this implies an average loss of around 6%. But the expected loss of a grant to a default charity vs a carefully selected charity is likely to be far greater than 6%.
I agree with a lot of the content here, but I disagree with this suggestion:
If the annual discount rate is 12% and funds are granted out annually, then I believe this implies an average loss of around 6%. But the expected loss of a grant to a default charity vs a carefully selected charity is likely to be far greater than 6%.