Last year, we committed $350 million to GiveWell's evidence-backed, cost-effective recommendations in global health and development.This year, we’re committing $300M to support GiveWell's recommendations over the next three years. This returns our annual support to its 2020 level ($100M/year). And it brings us to more than $1 billion in funding for GiveWell's recommendations over the course of Open Philanthropy's existence.We’re committing all of this funding now, but we anticipate that GiveWell will spend it at their discretion in whatever way they think helps beneficiaries the most. As they explain in this post, they’ve been spending carefully in anticipation of a potential decrease in our funding; we’ve been discussing this with them actively as we developed our plan for the next few years.The rest of this post:Shares examples of recent GiveWell recommendations we’ve funded.Discusses reasons we’ve increased our bar for funding in our Global Health and Wellbeing portfolio.Explains how GiveWell's impressive [...] ---Outline:(01:32) Where our funding to GiveWell's recommendations ultimately goes(03:13) Our higher bar for Global Health and Wellbeing giving(05:42) How GiveWell's impressive growth and our higher Global Health and Wellbeing bar influence our current plans(13:28) This means that the marginal GiveWell opportunity will be at least as strong as in past years(13:59) Closing thoughtsThe original text contained 1 footnote which was omitted from this narration. ---
First published:
October 6th, 2023

Source:
https://forum.effectivealtruism.org/posts/KuByzfn6yiKMWBKmr/our-planned-allocation-to-givewell-s-recommendations-for-the
---
Narrated by TYPE III AUDIO.