We are excited to share that Coefficient Giving, formerly Open Philanthropy, has decided to renew and increase their funding for GiveWell, committing to set aside $175 million in 2026 for opportunities we recommend.

This is great news for the people our grants help, and it comes at a critical moment. Following 2025’s aid cuts, we think needs are greater than they were a year ago, and we expect they will continue to grow in the coming years as the impacts of current and future cuts mount. We’re grateful to see donors—including Coefficient Giving—stepping up and signaling that they trust us to help in the years ahead.

We think donating now to our Giving Funds remains an excellent way to help people in need, and we’re actively seeking donors who want to be part of this moment of substantial need and opportunity. Every dollar you give will be put to work, saving and improving lives through the most cost-effective programs our research identifies.

Growing Our Impact

Last year, we raised $415 million and directed $397 million. This new commitment from Coefficient Giving, combined with recent updates from other donors, will make a real difference in the amount of funding we use to help people over the next few years.

The decision by Coefficient Giving’s board to set aside funds in 2026 for GiveWell’s recommendations was approved on December 8, and the details were finalized several days later. In line with our core value of transparency, we’re sharing the news through this post quickly and before we’ve fully developed our plans.

We last updated our cost-effectiveness threshold for funding in November to 8x our benchmark. While we don’t currently plan to make additional changes, we do think there are many excellent opportunities that sit both below and above our high bar, and we are always evaluating where we should set it.

Over the past several years, we have been investing in our team and research capacity. This new funding means we will need to significantly accelerate this effort as we continue to grow our team and evolve to operate our distinctive research and grantmaking process at an even larger scale.

As just one example of our recent progress, GiveWell’s research team has more than doubled in size over the past four years, and we have nearly tripled the number of senior research staff. Because of the increased breadth and depth of our team, we are now able to evaluate programs that a few years ago we didn’t have the capacity to, and we can do a better job directing money to where it will help people in need around the world.

Coefficient Giving’s Support

In the announcement they posted today, Coefficient Giving expressed excitement about renewing their support and indicated that they expect to provide substantial additional funding in future years, saying, “We think [GiveWell is] an outstanding resource, and we’re proud to support the high-impact organizations they’ve identified.”

Coefficient Giving and GiveWell are longtime partners. Coefficient Giving originated as a project within GiveWell and then became an independent organization, until recently called Open Philanthropy. We work together closely, discussing research questions of mutual interest and sometimes engaging in ​​joint evaluations of funding opportunities. We also support and advise a number of shared donors.

When Coefficient Giving announced their previous commitment in 2023, we did not think their support would continue past 2025. According to their announcement, their renewed commitment is based in part on:

• Coefficient Giving’s re-evaluation of the cost-effectiveness threshold of GiveWell’s recommendations. They now estimate this threshold is about the same for GiveWell’s recommendations and Coefficient Giving’s other global health opportunities.
• Increased available assets from Good Ventures, Coefficient Giving’s largest funder, and Good Ventures’ desire to spend their assets more quickly.

Since Coefficient Giving’s inception, they have been supporters of GiveWell’s work, and the commitment of $175 million for next year is roughly in line with their past support. With this renewal, Coefficient Giving anticipates that GiveWell’s recommendations will likely represent a little over 10% of their 2026 giving. The chart below shows funds raised by GiveWell during previous metrics years (February 1 to January 31) and the proportion from Coefficient Giving.

Accelerating into 2026

We look forward to using this funding from Coefficient Giving, and that entrusted to us by tens of thousands of other donors this year, to help people in need as much as we can. While it represents a large increase in our near-term grantmaking capacity, global health needs are enormous—far exceeding the available funding.

We’ll be continuing the push to increase our fundraising, better communicate about our work, scale our capacity to deploy more cost-effective grants quickly, and help more people in the coming years. If you want to be a part of that mission to do the most good we can, we invite you to donate or reach out with questions about how we can help with your giving.