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GiveWell’s Fundraising and Grantmaking in 2023 - The GiveWell Blog
webblog.givewell.org·blog.givewell.org/2024/12/12/givewells-fundraising-and-gr...
This is a GiveWell annual report on charitable fundraising and grantmaking, focused on global health effective altruism rather than AI safety; it has minimal direct relevance to AI safety research but may be tangentially useful for understanding philanthropic funding ecosystems.
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Importance: 12/100organizational reportnews
Summary
This GiveWell blog post reports on the organization's fundraising and grantmaking activities in 2023, detailing how much money was raised, how grants were allocated across top charities, and the overall impact achieved. It provides transparency into GiveWell's financial operations and philanthropic effectiveness for the year.
Key Points
- •Annual overview of GiveWell's total funds raised and distributed to effective charities in 2023
- •Breakdown of grant allocations across GiveWell's recommended top charities and cause areas
- •Demonstrates GiveWell's commitment to transparency in reporting its philanthropic impact and operations
- •Relevant context for understanding the scale and priorities of evidence-based global health philanthropy
- •Provides benchmark data for evaluating effective altruism-adjacent funding flows in 2023
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GiveWell’s Fundraising and Grantmaking in 2023 - The GiveWell Blog
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GiveWell is dedicated to finding outstanding giving opportunities and publishing the full details of our analysis to help donors decide where to give. The table below describes our financial performance in 2022 and 2023. 1 GiveWell’s metrics year runs from February 1 through January 31, so metrics year 2023 ran from February 1, 2023, through January 31, 2024. Our metrics report is typically published at least six months after the close of the metrics year because we need to collect data on donations we influence from third parties and then cross-check that data to ensure we aren’t double-counting any funds.
2022
2023
Y/Y Growth
Funds Raised
$602,889,435
$355,070,034
-41%
Funds Directed
$439,391,295
$216,305,835
-51%
Donations generally remained steady, with more than 30,000 donors other than Open Philanthropy giving a total of around $255 million in 2023 compared to around $253 million in 2022, but we received less funding from Open Philanthropy in 2023 than we did in 2022. 2 Historically, Open Philanthropy has been the largest single donor to GiveWell-recommended funds. In October 2023, Open Philanthropy announced that it planned to give $300 million for GiveWell to spend from 2023 through 2025; we allocated $100 million of that total for 2023. The amount for 2023 is less than Open Philanthropy gave in 2021 ($300 million) or 2022 ($350 million). The decrease in funds raised between 2022 and 2023, which totaled $248 million, can be explained primarily by the decrease in Open Philanthropy funding between 2022 and 2023.
Most donors who give via GiveWell rely on GiveWell to allocate their donation rather than choosing to restrict their donation to a particular organization. Our giving funds allow donors to contribute to the most impactful grant opportunities our researchers have identified. In 2023, GiveWell recommended allocations for 90% of the donations we raised, compared to 91% in 2022 and 86% in 2021. 3 This includes grants we recommend that other funders make; the vast majority of those come from Open Philanthropy, which generally disburses funding directly to the organizations we recommend. Note, however, that Open Philanthropy retains the discretion to approve or reject grants.
Category
Amount
% of Total
GiveWell-recommended funds
$319,202,416
90%
Top Charities Fund donations
$93,834,608
26%
All Grants Fund donations
$30,256,052
9%
Unrestricted funds
$70,739,619
20%
Funds from Open Philanthropy
$100,000,000
28%
Other GiveWell-recommended funds 4 This includes donations to All Grants Fund and Top Charities Fund equivalents (such as funds created by cha
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