Good Ventures awarded a grant of $500,000 to GiveDirectly for general operating support in recognition of GiveWell’s No. 2 charity ranking in 2012. We expect this grant to help us learn about the challenges and benefits of providing direct aid in the form of large, one-off cash transfers and of funding a young and promising organization. Learn more about our rationale for supporting GiveDirectly.
GiveWell recommends charities that (1) focus on programs with a strong track record and excellent cost-effectiveness, (2) can use additional funding to expand their core programs and (3) are exceptionally transparent. Our grants to GiveWell-recommended charities are intended to help these outstanding organizations scale their programs and to signal the importance of qualities like cost-effectiveness and transparency to other charities and donors. These grants are unrestricted so that the organizations can decide for themselves how best to translate the funds into impact. Read GiveWell’s review of GiveDirectly to learn more about its activities and follow its progress.