The GiveWell Blog

All GiveWell internal metrics Posts

GiveWell’s 2025 Grantmaking: Record Grants, Expanded Reach, Crisis Response

| by GiveWell Staff

In our 2025 grantmaking year, GiveWell approved $418 million in grants to highly cost-effective programs in order to save and improve lives as much as we can. Through years of deliberate groundwork, we’ve been growing our research capacity and scope in order to direct substantially more funding to the most impactful opportunities we can find. Last year’s grantmaking reflects this growth, and we will be continuing an intensive effort this year to scale our ability to partner with donors to help people in need.

Between February 1, 2025, and January 31, 2026, GiveWell approved 131 grants to 69 organizations—the most grants we’ve made in a year so far. This post provides an overview of the kinds of grants we made and the impact we had last year. This was only possible thanks to the generosity of our donors. We’re incredibly grateful for the trust you place in our research and for your partnership in trying to do the most good we can together.

Increased Grantmaking

In 2025, we launched more than 200 formal grant investigations, after reviewing many additional promising opportunities. Tens of thousands of hours went into this research, which resulted in 131 approved grants. This is more than double the number of grants we approved during 2024, and resulted in a year-over-year increase of more than 20% in total grantmaking dollars.

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GiveWell’s 2024 Metrics and Impact

(updated on: ) | by GiveWell Staff

Thanks to the generosity of more than 30,000 donors, GiveWell raised $415 million and directed $397 million to cost-effective programs in metrics year 2024 (February 2024 to January 2025). We approved 55 grants to 34 organizations working in 22 countries. We estimate that the programs supported by these grants will help around 34 million people who would not otherwise have been reached and will save an additional 74,000 lives.

We’re incredibly grateful to our donors for the trust they place in our research and for their partnership in trying to do the most good we can together. See this blog post and our full 2024 metrics report for more details behind the money we raised, the funds we directed, operational expenses, donor metrics, and the impact we had last year.

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GiveWell’s 2022 metrics report

| by Isabel Arjmand

In 2022, the most recent year for which data is available and analyzed, GiveWell raised the largest amount of money in our history, over $600 million. We thank our donors for continuing to trust us to find and recommend highly cost-effective giving opportunities. The following table summarizes our funds raised and our funds directed to programs in metrics year 2021 and 2022.

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How much funding does GiveWell expect to raise through 2025?

| by Isabel Arjmand

We’re optimistic that GiveWell’s funds raised will continue to increase in the long run. Over the next few years, we believe our annual funds raised are more likely to stay relatively constant, due to a decrease in expected funding from our largest donor, Open Philanthropy, offset by an expected increase in funding from our other donors.

In November 2021, we wrote that we were anticipating rapid growth and aiming to influence $1 billion in 2025. Now, our best guess is that we’ll raise between $400 million and $800 million in 2025 (for comparison, we raised around $600 million in 2022). We now think it’s possible but unlikely that we’ll raise close to $1 billion in 2025, and we also think it’s possible but unlikely that our funds raised in 2025 will be substantially lower (e.g. around $300 million) than they were in 2022.

We’re excited about the impact we can have at any of those levels of funding, and we’ll be continuing to direct as much funding as we can raise to the most cost-effective opportunities we can find.

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Our recommendations for giving in 2022

| by Miranda Kaplan

We wrote back in July that we expected to be funding-constrained this year. That remains true as we approach the end of the year, putting us in the unusual position of leaving impact on the table.

We’ve set a goal of raising $600 million in 2022, but our research team has identified $900 million in highly cost-effective funding gaps. That leaves $300 million in funding gaps unfilled. By donating this year, you can help us not only meet but exceed our goal—and say yes to more excellent opportunities to save and improve lives.

Additionally, our giving guidance for donors has changed this year. For the first time, our top recommendation is to give to our new All Grants Fund, which we allocate to any need that meets our cost-effectiveness bar. We think it’s the best bet for donors who want to support the most promising opportunities we’ve found to help people, regardless of program or location. And it reflects our current views on how we can best meet our goal of maximizing global well-being—by taking advantage of every path to impact, whether that’s funding top charities, seeding and scaling newer programs, or funding research.

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