The GiveWell Blog

All GiveWell’s approach Posts

What we fund, #1: We fund many opportunities outside our top charities

(updated on: ) | by Isabel Arjmand

GiveWell aims to find and fund programs that have the greatest impact on global well-being. We’re open to funding whichever global health and development opportunities seem most cost-effective. So while our top charities list is still what we’re best known for, it’s only part of our impact; we also dedicate substantial funding and research effort to opportunities beyond top charities.

In 2022, 71% of the funds we directed supported our four current top charities, and 29% were directed to other programs. However, most of our research capacity goes toward programs other than our top charities. This is because (a) most programs we direct funding to aren’t top charities (we have four top charities but directed funding to about 40 other grantees in 2022), and (b) it requires more effort to investigate a program we know less deeply.

In this post we’ll share:

  • The overall scope of our grantmaking
  • Why we dedicate funding and research capacity to programs other than our top charities
  • The types of opportunities we support

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How we work, #3: Our analyses involve judgment calls

(updated on: ) | by Isabel Arjmand

This post is the third in a multi-part series, covering how GiveWell works and what we fund. Through these posts, we hope to give a better understanding of our research and decision-making.

Our goal is to recommend funding to the programs we believe have the greatest impact per dollar donated. There’s no simple algorithm for this question. Answering it necessarily involves making judgment calls. Our first post in this series discussed the importance of cost-effectiveness analyses and the many factors we consider; in this post, we’ll share:

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How we work, #2: We look at specific opportunities, not just general interventions

(updated on: ) | by Isabel Arjmand

This post is the second in a multi-part series, covering how GiveWell works and what we fund. The first post, on cost-effectiveness, is here. Through these posts, we hope to give a better understanding of our research and decision-making.

Looking forward, not just backward

When we consider recommending funding, we don’t just want to know whether a program has generally been cost-effective in the past—we want to know how additional funding would be used.

People sometimes think of GiveWell as recommending entire programs or organizations. This was more accurate in GiveWell’s early days, but now we tend to narrow in on specific opportunities. Rather than asking whether it is cost-effective to deliver long-lasting insecticide-treated nets in general, we ask more specific questions, such as whether it is cost-effective to fund net distributions in 2023 in the Nigerian states of Benue, Plateau, and Zamfara, given the local burden of malaria and the costs of delivering nets in those states.

Geographic factors affecting cost-effectiveness

The same program can vary widely in cost-effectiveness across locations. The burden of a disease in a particular place is often a key factor in determining overall cost-effectiveness. All else equal, it’s much more impactful to deliver vitamin A supplements in areas with high rates of vitamin A deficiency than in areas where almost everyone consumes sufficient vitamin A as part of their diet. Similarly, one of our top charities, New Incentives, has chosen to operate in northern Nigeria largely because relatively low baseline vaccination rates mean its work is especially impactful there.

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How we work, #1: Cost-effectiveness is generally the most important factor in our recommendations

(updated on: ) | by Isabel Arjmand

This post is the first in a multi-part series, covering how GiveWell works and what we fund. We’ll add links to the later posts here as they’re published. Through these posts, we hope to give a better understanding of our research and decision-making.

Why cost-effectiveness matters

The core question we try to answer in our research is: How much good can you do by giving money to a certain program?

Consider how much good your donation could do if you give to a program that costs $50,000 to save a life versus one that costs $5,000 to save a life (which is roughly what we estimate for our top charities). Giving to the latter would have 10 times more impact. While in an ideal world both programs would receive funding, we focus on identifying the most cost-effective programs so that the limited amount of funding available can make the greatest difference.

The basics

We’ve written in detail here about our approach to cost-effectiveness analysis and its limitations. Our bottom-line estimates are always uncertain, and we don’t expect them to be literally true. At the same time, they help us compare programs to each other so that we can direct funding where we believe it will have the greatest impact.

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