This year, we are focused on two primary goals. The first is to rapidly scale our research capabilities so we’re able to move much more donor funding to highly cost-effective programs in the near future. The second is to find and fund as many of the best opportunities we can this year to save and improve lives.

In 2025, we committed $418 million in grants. Though we’re just halfway through the year, we’ve already committed over $400 million in 2026. We anticipate our total grantmaking is likely to approach or even exceed $1 billion this year, and we are working toward a future that could be several times that scale.

We’re excited to share another major step in that direction. Coefficient Giving has decided to increase its near-term funding commitment for GiveWell grants to $1 billion in support of our continued scaling.

This commitment is both extraordinary and timely. Near-term needs continue to far surpass our fundraising expectations, and we are actively working to raise more funds to support a growing set of cost-effective opportunities to help people in need.

What’s driving our increased grantmaking

Several factors have driven our current expansion, as well as our ability to continue scaling.

Team growth

We have been growing rapidly over the past two years, going from 38 research team members to 79, and we’re continuing to hire. With this growth, we’ve been able to evaluate more funding opportunities and continue expanding our search for a wider set of cost-effective programs to fund.

More experience

We’re also seeing the benefits of an experienced bench of researchers, whose knowledge and relationships are combining to enable GiveWell to find outstanding opportunities and direct funding to them faster.

Larger grants

Our researchers are explicitly searching for bigger opportunities than we’ve had the resources to investigate and to fund in the past.

Responding to cuts in foreign aid

In 2025, we responded to urgent needs that arose from substantial disruptions to global health funding. This year, we have been monitoring foreign aid funding to maintain a clear picture of where it has been renewed, where it has been discontinued, and where cost-effective gaps are emerging so that we can help people in need as much as we can.

Lowering our cost-effectiveness threshold

We maintain a cost-effectiveness threshold at a level where we expect to be able to fully fund all the opportunities we find above it. As our funding projections increase, we are able to lower the threshold and fund more great opportunities than we otherwise could.

Our need for more funding

Coefficient Giving’s commitment comes at a particularly important time for two reasons. First, the needs remain enormous. More than four million young children die in low- and middle-income countries every year¹Our World in Data, “Number of child deaths,” 2024, shows 2.73 million deaths of children under five in low-income countries and 1.60 million in lower-middle-income countries, totaling 4.33 million in 2024.—and most of those deaths are preventable.²World Bank Group, “Mortality rate, under-5 (per 1,000 live births)” shows a mortality rate for children under five of 40.8 for low- and middle-income countries and a child mortality rate of 5.1 for high-income countries in 2024. If children under five in low- and middle-income countries were to die at the child mortality rate of high-income countries rather than at their current rate, representing the potential effect of high-income country conditions existing across low- and middle-income countries, 87.5% of child deaths in low- and middle-income countries would be averted: 5.1 / 40.8 = 12.5%, or 1 − 0.125 = 87.5% percent averted. Support from our donors has helped us make progress, but so much more remains to be done.

Second, we believe that there will be substantial new philanthropic resources in the coming years, and we want to be in a position to help donors save and improve lives as much as we can. This means we have a lot of work to do so our team, grantees, and other partners, such as country health systems, are ready.

The needs and opportunities before us far exceed our current resources. Our growing team is investigating promising programs at a scale we haven’t previously been able to pursue—and we continue to invite donors to help us meet them.

We’re not looking to grow just because there may be more money available or because a bigger GiveWell is necessarily better. We’re doing this because we believe GiveWell can direct much more funding to where it will have exceptional impact, and we will tell you if we reach a funding level where we think there are more effective options.

We’re grateful for this commitment from Coefficient Giving—and for the trust and generosity of all our donors who are helping us work toward even greater impact.