Today, we’re announcing a new $100 million USD commitment over the next four years to expand our partnership with GiveDirectly and help empower an additional 185,000 people living in extreme poverty. We’re also funding new research, and pilot variants, to further understand how we can maximize the impact of each dollar.
This is on top of another $50 million USD they gave to GiveDirectly before:
We started partnering with GiveDirectly in 2021. Since then, we’ve donated $50 million USD to support their work across Malawi, through direct cash transfers to those living in extreme poverty. We’ve already reached more than 85,000 people, helping to provide life changing resources and the dignity of choice.
Giving What We Can estimates their community giving since 2009 to about USD 400+ million, all cause areas combined
About their “founding-to-give” model
A little bit of context: since starting Canva, we’ve been guided by a ‘simple’ yet ambitious Two-Step Plan. Step One is to build one of the world’s most valuable companies. Step Two is to do the most good we can. With more than 30% of Canva’s value (shares) committed to doing good in the world, this vision has shaped everything we do, from the products we create to the kind of company we’ve strived to be.
Canva to donate $100M over 4 years to GiveDirectly
All quotes are from their blog post “Why we chose to invest another $100 million in cash transfers”, highlights are my own:
This is on top of another $50 million USD they gave to GiveDirectly before:
For context
the Cash for Poverty Relief program by Give Directly has paid out USD 220+ million since 2009 in total.
Giving What We Can estimates their community giving since 2009 to about USD 400+ million, all cause areas combined
About their “founding-to-give” model
At a current valuation of about USD 26 billion, this would be around USD 8 billion in shares committed to doing good.
Other Engagement
From what I can see, their other engagement so far is less likely to be counted towards common EA cause areas: