GiveWell

GiveWell was founded to answer the following question: How do I do the most good with my donation? It’s a hard question to answer—we think it’s a full-time job.

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Description

Oakland, CA – EIN 208625442 givewell.org

Over time, we’ve developed criteria and processes for identifying the charities we believe do the most good, in terms of lives saved or improved, for every dollar donated.

The key principles we recommend you keep in mind when deciding where to give:

Your donation can change someone’s life.
The wrong donation can accomplish nothing.
Your dollar goes further overseas.

GiveWell takes no fees and sends your donation to the organization(s) you choose.

Wiki

GiveWell

GiveWell
GiveWell logo.png
Formation2007; 13 years ago (2007)
FoundersHolden Karnofsky, Elie Hassenfeld
Type501(c)(3) organization, ruling year 2007[1]
PurposeCharity evaluation
Location
Region
Global
Websitegivewell.org

GiveWell is an American non-profit charity assessment and effective altruism-focused organization. GiveWell focuses primarily on the cost-effectiveness of the organizations that it evaluates, rather than traditional metrics such as the percentage of the organization's budget that is spent on overhead.

History

In 2006 Holden Karnofsky and Elie Hassenfeld, who worked at a hedge fund in Connecticut, formed an informal group with colleagues to evaluate charities based on data and performance metrics similar to those they used at the fund, and were surprised to find the data often didn't exist.[2] The next year, Karnofsky and Hassenfeld formed GiveWell as a nonprofit to provide financial analyst services to donors.[2][3] They eventually decided to rate charities based on the metric of how much money it cost to save a life.[4][5] In the first year, funding to run the nonprofit was provided by a fund called the Clear Fund into which the former members of informal club, now directors of GiveWell, had put around $300,000, with about half of that going to fund the organization.[6]

In the first year, Karnofsky and Hassenfeld advocated that charities should generally spend more money on overhead, so that they could pay for staff and record keeping to track how effective their efforts were; this ran counter to standard ways of evaluating charities based on the ratio of overhead to funds deployed for the charity work itself.[3]

In late 2007, GiveWell's founders promoted the organization on several internet blogs and forums using sockpuppets to ask questions about where to find good information about how to donate and then answering them, recommending GiveWell.[7] GiveWell's board of directors investigated and found that the founders Karnofsky and Hassenfeld had acted inappropriately and as a result, it fined each of them $5000 and Karnofsky was demoted from executive director to a program director.[7][8]

In 2008, GiveWell received funding from the William and Flora Hewlett Foundation's Nonprofit Marketplace Initiative. The Hewlett Foundation continued to be a major funder of GiveWell until March 2014, when the Hewlett Foundation announced that it was ending the Nonprofit Marketplace Initiative based on a 2010 study it commissioned that found that only 3% of donors selected charities based on performance metrics (rather than e.g. loyalty, personal connections, or faith), and a subsequent 2012 study showing that efforts to provide better data were not changing that pattern.[9]

In 2013, GiveWell moved its offices to San Francisco where people in Silicon Valley had become strong supporters of the effective altruism philosophy.[2]

Givewell's approach is data-driven, and they recommend charities which work in the developing world.[10]

Open Philanthropy Project

In 2011, Good Ventures, founded with $8.3 billion by husband and wife Dustin Moskovitz and Cari Tuna, partnered with GiveWell to set up a partner organization called the Open Philanthropy Project, as a vehicle to direct the funding done by Good Ventures.[11][12] In 2015, Mike Krieger and his fiancee Kaitlyn Trigger pledged $750,000 to the Open Philanthropy Project over two years, with 10% going to fund the operations of the project.[13]

Open Philanthropy project has investigated giving money to criminal justice reform[13] and a range of other policy areas,[14] and has funded work into mitigating risks of artificial intelligence,[15][16][17] biosecurity,[18] and global health.[19]

In 2017, the Open Philanthropy Project separated from GiveWell, and upon Karnofsky stepping down as Co-Executive Director of GiveWell, Elie Hassenfeld became GiveWell's sole Executive Director. [20]

See also

References

  1. ^ "Clear Fund". Retrieved 4 April 2017.
  2. ^ a b c Pitney, Nico (March 26, 2015). "That Time A Hedge Funder Quit His Job And Then Raised $60 Million For Charity". Huffington Post. Retrieved April 27, 2015. The tech community around Silicon Valley has embraced the movement with particular enthusiasm, and GiveWell moved its offices to San Francisco in 2013.
  3. ^ a b "Young Duo to 'Clear' the Way for Charitable Giving". National Public Radio.
  4. ^ Patricia Illingworth, Thomas Pogge, Leif Wenar. Giving Well: The Ethics of Philanthropy, Oxford University Press US, 2011. p. 124
  5. ^ Peter Singer. The Life You Can Save: Acting Now To End World Poverty, Random House, 2009. Ch. 6, pp. 81–104
  6. ^ Strom, Stephanie (20 December 2007). "2 Young Hedge-Fund Veterans Stir Up the World of Philanthropy". The New York Times.
  7. ^ a b Stephanie Strom (8 January 2008). "Founder of a Nonprofit Is Punished by Its Board for Engaging in an Internet Ruse". The New York Times. Retrieved 13 September 2011.
  8. ^ Strom, Stephanie (15 January 2008). "Nonprofit Punishes a 2nd Founder for Ruse". The New York Times.
  9. ^ Louie, Lindsay; Twersky, Fay (March 11, 2014). "Strengthening Our Sector". William and Flora Hewlett Foundation. Archived from the original on September 18, 2016. Retrieved September 6, 2014.
  10. ^ Aizenman, Nurith (November 27, 2017). "On #GivingTuesday, How To Get The Most Bang For Your Charity Buck". NPR.org. NPR. National Public Radio. Retrieved 27 February 2018.
  11. ^ Preston, Caroline (January 10, 2012). "Another Facebook Co-Founder Gets Philanthropic". Chronicle of Philanthropy. Retrieved March 25, 2014.
  12. ^ Nicole Bennett; Ashley Carter; Romney Resney & Wendy Woods (February 10, 2016). "bcg.perspectives - How Tech Entrepreneurs Are Disrupting Philanthropy". The Boston Consulting Group. Retrieved September 12, 2017.
  13. ^ a b Matthews, Dylan (April 24, 2015). "You have $8 billion. You want to do as much good as possible. What do you do?". Vox. Retrieved April 27, 2015.
  14. ^ Berkey, Brian. "The Institutional Critique of Effective Altruism" (PDF). Utilitas: 22. Retrieved 12 September 2017.
  15. ^ Elizabeth Preston (July 1, 2015). "Boston group awards $6m from Elon Musk to jump-start artificial intelligence research". Boston Globe. Retrieved March 20, 2016.
  16. ^ Jack Clark (July 1, 2015). "Musk-Backed Group Probes Risks Behind Artificial Intelligence". Bloomberg Business. Retrieved March 20, 2016.
  17. ^ Vanian, Jonathan (July 1, 2015). "Why Elon Musk is donating millions to make artificial intelligence safer". Fortune. Retrieved March 19, 2016.
  18. ^ Yassif, J (2017). "Reducing Global Catastrophic Biological Risks". Health Security. 15 (4): 329–330. doi:10.1089/hs.2017.0049. PMC 5576261. PMID 28745920.
  19. ^ "Leverage: Why This Silicon Valley Funder Is Doubling Down on a Beltway Think Tank". Inside Philanthropy. March 9, 2016. Retrieved March 19, 2016.
  20. ^ https://blog.givewell.org/2017/06/12/separating-givewell-open-philanthropy-project/

Further reading

External links

Videos

https://youtu.be/4bSmWboORdwhttps://youtu.be/Yfsd5SxjKUE

IRS data by ProPublica Nonprofit Explorer


THE CLEAR FUND

GIVEWELL

OAKLAND, CA 94612-3488 | Tax-exempt since July 2007
  • EIN: 20-8625442
  • Classification (NTEE)
    Public Foundations (Philanthropy, Voluntarism and Grantmaking Foundations)
  • Nonprofit Tax Code Designation: 501(c)(3)
    Defined as: Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.
  • Donations to this organization are tax deductible.
Fiscal year ending

Dec. 2018

Fiscal year ending Dec.

2018

PDF

990

Form 990 documents available

Extracted filing data is not available for this tax period, but Form 990 documents are available for download.

Fiscal year ending

Dec. 2017

Fiscal year ending Dec.

2017

PDF

990

Full Text

990 (filed on Feb. 16, 2019)

Full Filing

Raw XML

990

Total Revenue

$29,450,003

Total Functional Expenses $26,763,776
Net income $2,686,227
Notable sources of revenue Percent of total revenue
Contributions $26,952,535 91.5%
Program services $0
Investment income $15,701 0.1%
Bond proceeds $0
Royalties $0
Rental property income $0
Net fundraising $0
Sales of assets $2,481,679 8.4%
Net inventory sales $0
Other revenue $88 0.0%
Notable expenses Percent of total expenses
Executive compensation $258,370 1.0%
Professional fundraising fees $0
Other salaries and wages $2,173,836 8.1%
Other
Total Assets $20,609,736
Total Liabilities $12,177,550
Net Assets $8,432,186
Fiscal year ending

Dec. 2016

Fiscal year ending Dec.

2016

PDF

990

Full Text

990 (filed on Dec. 29, 2017)

Full Filing

Raw XML

990

Total Revenue

$18,366,934

Total Functional Expenses $18,607,090
Net income -$240,156
Notable sources of revenue Percent of total revenue
Contributions $18,091,963 98.5%
Program services $0
Investment income $5,298 0.0%
Bond proceeds $0
Royalties $0
Rental property income $0
Net fundraising $0
Sales of assets -$9,235
Net inventory sales $0
Other revenue $278,908 1.5%
Notable expenses Percent of total expenses
Executive compensation $339,829 1.8%
Professional fundraising fees $0
Other salaries and wages $2,895,000 15.6%
Other
Total Assets $13,708,185
Total Liabilities $7,960,696
Net Assets $5,747,489
Fiscal year ending

Dec. 2015

Fiscal year ending Dec.

2015

PDF

990

Full Text

990 (filed on March 2, 2017)

Full Filing

Raw XML

990

Total Revenue

$17,635,918

Total Functional Expenses $15,358,563
Net income $2,277,355
Notable sources of revenue Percent of total revenue
Contributions $17,633,010 100.0%
Program services $0
Investment income $4,331 0.0%
Bond proceeds $0
Royalties $0
Rental property income $0
Net fundraising $0
Sales of assets -$2,482
Net inventory sales $0
Other revenue $1,059 0.0%
Notable expenses Percent of total expenses
Executive compensation $285,816 1.9%
Professional fundraising fees $0
Other salaries and wages $1,658,623 10.8%
Other
Total Assets $12,449,684
Total Liabilities $6,455,962
Net Assets $5,993,722
Fiscal year ending

Dec. 2014

Fiscal year ending Dec.

2014

PDF

990

Full Text

990 (filed on Aug. 11, 2015)

Full Filing

Raw XML

990

Total Revenue

$11,088,700

Total Functional Expenses $9,564,626
Net income $1,524,074
Notable sources of revenue Percent of total revenue
Contributions $11,081,136 99.9%
Program services $0
Investment income $4,355 0.0%
Bond proceeds $0
Royalties $0
Rental property income $0
Net fundraising $0
Sales of assets -$276
Net inventory sales $0
Other revenue $3,485 0.0%
Notable expenses Percent of total expenses
Executive compensation $260,960 2.7%
Professional fundraising fees $0
Other salaries and wages $794,737 8.3%
Other
Total Assets $8,233,496
Total Liabilities $4,516,863
Net Assets $3,716,633
Fiscal year ending

Dec. 2013

Fiscal year ending Dec.

2013

PDF

990

Full Text

990 (filed on Oct. 24, 2014)

Full Filing

Raw XML

990

Total Revenue

$6,587,734

Total Functional Expenses $5,432,433
Net income $1,155,301
Notable sources of revenue Percent of total revenue
Contributions $6,585,634 100.0%
Program services $0
Investment income $1,987 0.0%
Bond proceeds $0
Royalties $0
Rental property income $0
Net fundraising $0
Sales of assets $92 0.0%
Net inventory sales $0
Other revenue $21 0.0%
Notable expenses Percent of total expenses
Executive compensation $217,392 4.0%
Professional fundraising fees $0
Other salaries and wages $377,977 7.0%
Other
Total Assets $5,629,816
Total Liabilities $3,436,588
Net Assets $2,193,228
Fiscal year ending

Dec. 2012

Fiscal year ending Dec.

2012

PDF

990

Raw XML

990

Total Revenue

$2,498,848

Total Functional Expenses $2,300,254
Net income $198,594
Notable sources of revenue Percent of total revenue
Contributions $2,496,559 99.9%
Program services $0
Investment income $1,970 0.1%
Bond proceeds $0
Royalties $0
Rental property income $0
Net fundraising $0
Sales of assets $19 0.0%
Net inventory sales $0
Other revenue $300 0.0%
Notable expenses Percent of total expenses
Executive compensation $171,868 7.5%
Professional fundraising fees $0
Other salaries and wages $231,735 10.1%
Other
Total Assets $2,371,475
Total Liabilities $1,333,687
Net Assets $1,037,788
Fiscal year ending

Dec. 2011

Fiscal year ending Dec.

2011

PDF

990

Raw XML

990

Total Revenue

$1,346,284

Total Functional Expenses $1,029,435
Net income $316,849
Notable sources of revenue Percent of total revenue
Contributions $1,348,341 Over 100%
Program services $0
Investment income $2,498 0.2%
Bond proceeds $0
Royalties $0
Rental property income $0
Net fundraising -$4,254
Sales of assets $0
Net inventory sales $0
Other revenue -$301
Notable expenses Percent of total expenses
Executive compensation $151,010 14.7%
Professional fundraising fees $0
Other salaries and wages $100,379 9.8%
Other
Total Assets $1,434,214
Total Liabilities $595,332
Net Assets $838,882
Fiscal year ending

Dec. 2010

Fiscal year ending Dec.

2010

PDF

990

Raw XML

990

Form 990 documents available

Extracted filing data is not available for this tax period, but Form 990 documents are available for download.

Fiscal year ending

Dec. 2009

Fiscal year ending Dec.

2009

PDF

990

Form 990 documents available

Extracted filing data is not available for this tax period, but Form 990 documents are available for download.

Fiscal year ending

Dec. 2008

Fiscal year ending Dec.

2008

PDF

990

Form 990 documents available

Extracted filing data is not available for this tax period, but Form 990 documents are available for download.

Fiscal year ending

Dec. 2007

Fiscal year ending Dec.

2007

PDF

990

Form 990 documents available

Extracted filing data is not available for this tax period, but Form 990 documents are available for download.


Last Updated: 2020-11-23 08:11