Holden Karnofsky’s blog

Hits-based Giving

One of our core values is our tolerance for philanthropic “risk.” Our overarching goal is to do as much good as we can, and as part of that, we’re open to supporting work that has a high risk of failing to accomplish its goals. We’re even open to supporting work that is more than 90% likely to fail, as long as the overall expected value is high enough.

And we suspect that, in fact, much of the best philanthropy is likely to fail. We suspect that high-risk, high-reward philanthropy could be described as a “hits business,” where a small number of enormous successes account for a large share of the total impact — and compensate for a large number of failed projects. [node:read-more:link]

Annual Review and Plan Will be Delayed

Around this time of year, we usually publish a review of the past year’s progress and an outline of our plans for the coming year. Past examples are here.

This year, the annual review and plan will be delayed significantly, because we feel that the plan we’re considering calls for a fair amount of investigation and consideration. We expect to publish our annual review and plan in April or May. [node:read-more:link]

Suggestions for Individual Donors from Open Philanthropy Project Staff

The Open Philanthropy Project looks for outstanding giving opportunities, but its target audience is large institutional donors - unlike GiveWell’s top charities work, which targets individual donors. Some individuals have expressed interest in hearing whether there are any organizations we’ve come across, in our work on the Open Philanthropy Project, that they might consider donating to.

For this post, I polled the Open Philanthropy Project team and asked whether there are any organizations they think are reasonably strong options for individual donors, based on their Open Philanthropy Project work. The recommendations are listed below, along with some brief reasoning and information about how to donate.

Some caveats to these recommendations: [node:read-more:link]

Should the Open Philanthropy Project be Recommending More/Larger Grants?

Note: Before the launch of the Open Philanthropy Project Blog, this post appeared on the GiveWell Blog. Uses of “we” and “our” in the below post may refer to the Open Philanthropy Project or to GiveWell as an organization. Additional comments may be available at the original post.

The Open Philanthropy Project has ambitions of influencing very large amounts of giving in the future (hundreds of millions of dollars a year or more). To date, we haven’t made nearly enough recommendations to reach this level of giving, and this is not ideal. In a perfect world, we’d be recommending far more giving. [node:read-more:link]

Open Philanthropy Project Update

Note: Before the launch of the Open Philanthropy Project Blog, this post appeared on the GiveWell Blog. Uses of “we” and “our” in the below post may refer to the Open Philanthropy Project or to GiveWell as an organization. Additional comments may be available at the original post.

This post gives an overall update on progress and plans for the Open Philanthropy Project. Our last update was about six months ago, and the primary goals it laid out were six-month goals. [node:read-more:link]

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