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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The winners of the Change Our Mind Contest—and some reflections
In September, we announced the Change Our Mind Contest for critiques of our cost-effectiveness analyses. Today, we’re excited to announce the winners!
We’re very grateful that so many people engaged deeply with our work. This contest was GiveWell’s most successful effort so far to solicit external criticism from the public, and it wouldn’t have been possible without the participation of people who share our goal of allocating funding to cost-effective programs.
Overall, we received 49 entries engaging with our prompts. We were very happy with the quality of entries we received—their authors brought a great deal of thought and expertise to engaging with our cost-effectiveness analyses.
Because we were impressed by the quality of entries, we’ve decided to award two first-place prizes and eight honorable mentions. (We stated in September that we would give a minimum of one first-place, one runner-up, and one honorable mention prize.) We also awarded $20,000 to the piece of criticism that inspired this contest.
Winners are listed below, followed by our reflections on this contest and responses to the winners.
Announcing the Change Our Mind Contest for critiques of our cost-effectiveness analyses
We’re extremely excited to be announcing the Change Our Mind Contest to encourage critiques of our cost-effectiveness analyses that could lead to substantial improvements of our overall allocation of funds. For all the details, see this page.
Cost-effectiveness is the single most important input in our decisions about what programs to recommend, and we believe it’s possible that we’re missing important considerations or making mistakes that lead us to allocate funding suboptimally. We’ve been excited to see people engaging with our cost-effectiveness analyses, and we’d like to inspire more of that engagement.
With that in mind, we’re inviting you to identify potentially important mistakes or weaknesses in our existing cost-effectiveness analyses and tell us about them!
GiveWell’s 2021 metrics report
In 2021, GiveWell directed the largest amount of money in our history, over $500 million, which we believe will be beneficial or life saving to many people in need. We thank our donors for continuing to trust us to find and recommend some of the most highly cost-effective giving opportunities in the world.
Note that this year, we’ve also updated our metrics report to more clearly communicate about our work. Previously, we reported on our “money moved,” a metric that tried to provide a composite picture of both the funds we raised and directed in a given year. However, starting with our 2021 report, we’ll be reporting on these metrics separately as “funds raised” and “funds directed,” which we believe will be simpler and clearer.
GiveWell’s money moved in 2020
2020 was another year of tremendous growth. GiveWell donors contributed over $240 million to our recommended charities (our “2020 money moved”), a 60% increase from the approximately $150 million we directed in 2019. This is part of an exciting, long-term trend. Just a decade ago, in 2010, GiveWell’s total money moved was $1.5 million.
We believe these donations will save tens of thousands of lives and benefit many others. This incredible impact would not be possible without the continued support and generosity of our donors. While our research enables us to identify and recommend highly cost-effective giving opportunities, our donors are responsible for turning those recommendations into real change for some of the poorest individuals in the world.
Early signs show that you gave more in 2020 than 2019—thank you!
Our donor community appears to have given significantly more in 2020 than 2019, according to early data on donations we processed.
Growth was strong relative to previous years—even 2019, which also had strong growth—and across many different dimensions. Overall, donations to GiveWell more than doubled in 2020.
We estimate that these donations will collectively save more than 12,000 lives; provide over 2 million deworming treatments to children, leading to an approximate increase in that group’s lifetime earnings of more than $21 million; and deliver almost 3,000 cash transfers to low-income households. For simplicity, the impact estimates in this paragraph exclude some donation types, and so don’t represent the full impact of donations to GiveWell in 2020.[1]