Each year we reflect on the opportunities our research has identified and how we think donors can have the greatest impact. For the past three years, we’ve encouraged donors to choose among our three Giving Funds based on their preferences: the Top Charities Fund for those who wanted the most certainty, the All Grants Fund for those who wanted to support the highest-impact opportunities we have identified, and the Unrestricted Fund for those those who wanted to support GiveWell’s operations as well as the full spectrum of our grantmaking.
This year, we recommend that donors give to the All Grants Fund.
GiveWell is growing quickly. We expect our grantmaking in 2026 to exceed $1 billion, more than double what we committed in 2025, and we expect to grow further in the years ahead. From 2027 through 2032, we’re aiming to grant at least $2.5 billion in new malaria funding, and potentially much more. In addition, in 2027 alone, we expect to grant more than $1 billion to program areas outside malaria, and we think we could grant more with additional funding. At this scale, flexibility matters more than it used to.
Supporting the All Grants Fund provides us with this flexibility. Donations to the All Grants Fund can be used to support the full range of GiveWell’s grantmaking. We make grants from the All Grants Fund to those opportunities that we believe will have the greatest impact—that may mean, for example, supporting a Top Charity program, piloting new programs, or funding research that we think will help us direct more funding to highly cost-effective programs in the future.