We previously decided to cap the amount of funding we would request from Good Ventures at 20% of GiveWell’s operating budget (more in our October 2013 blog post).
In our most recent board meeting (Attachment E), we changed this policy and now plan to cap our request for funding from Good Ventures at:
- 20% of costs that are attributed to GiveWell’s top charities work
- 50% of costs that are attributed to the Open Philanthropy Project
When we initially set the cap in October 2013, the Open Philanthropy Project (then called GiveWell Labs) was a small part of our overall budget. Now, it accounts for approximately 50% of our operating expenses (primarily staff salaries).
We plan to post a complete update on our fundraising needs at the end of the year. Attachments D and F from our most recent board meeting provide a limited update on our current situation.