Actually, they are more of a grant fund than an impact investment fund. I’ve updated the post to clarify this. Thanks for bringing it up.
One might call them an ‘investing for impact’ fund—making whatever investments they think will generate the biggest long-term impact.
The reported projections aren’t adjusted for counterfactuals (or additionality, contribution, funging, etc.). I wonder if the fact we’re mostly talking about GIF grants vs GiveWell grants changes your worry at all?
For my part, I’d be excited to see more grant analyses (in addition to impact investment analyses) explicitly account for counterfactuals. I believe GiveWell does make some adjustments for funging, though I’m uncertain if they are comprehensive enough.
Actually, they are more of a grant fund than an impact investment fund. I’ve updated the post to clarify this. Thanks for bringing it up.
One might call them an ‘investing for impact’ fund—making whatever investments they think will generate the biggest long-term impact.
The reported projections aren’t adjusted for counterfactuals (or additionality, contribution, funging, etc.). I wonder if the fact we’re mostly talking about GIF grants vs GiveWell grants changes your worry at all?
For my part, I’d be excited to see more grant analyses (in addition to impact investment analyses) explicitly account for counterfactuals. I believe GiveWell does make some adjustments for funging, though I’m uncertain if they are comprehensive enough.