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GiveWell’s money moved in 2020

(updated on: ) | by Robin Dey

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.

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Early signs show that you gave more in 2020 than 2019—thank you!

| by Catherine Hollander

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]

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GiveWell’s money moved in 2019

| by Robin Dey

GiveWell donors contributed over $150 million to our recommended charities in 2019. This is the first year in our 13-year history we have reached this remarkable milestone.

While it is easy to celebrate this large headline figure, we should not lose sight of the transformative impact this number represents, nor should we overlook the compassion and generosity of the donors behind these dollars. We estimate that donations made to our top charities in 2019 will:

  • Avert the deaths of between 19,000 and 32,000 people,
  • Provide parasitic worm treatments to over 12 million children, and
  • Deliver unconditional cash transfers to over 14,000 families.[1]

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GiveWell’s plans for 2020

(updated on: ) | by Catherine Hollander

Each spring, we share our plans for the year. Here, we highlight the work we plan to do in 2020 that is most likely to help us realize our mission of identifying and directing funding to highly cost-effective giving opportunities.((This post does not include a complete accounting of everything we plan to do in 2020. In particular, it does not include work aimed at primarily internal-facing results, such as improvements to internal staff communications.)) We focus on three projects:

  1. Expanding into new areas of research.
  2. Searching for new, cost-effective funding opportunities in our traditional research areas.
  3. Building our donor community.

Sharing our annual plans and publicly reflecting back on them a year later is our typical practice. This year, of course, is atypical. The plans we laid out internally at the beginning of the year have been disrupted by the COVID-19 pandemic. The plans we share in this post take the pandemic into account, but we are more uncertain than usual about what will happen in 2020. We expect that much of our work will go forward as anticipated, but we will be flexible if there are unforeseen disruptions or changes to our research agenda that result from the pandemic.

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Reflecting on our progress in 2019

| by Catherine Hollander

GiveWell grew significantly in 2019. We hired 13 full-time staff members, bringing our total size to 37, and expanded our ability to take on new projects across domains. We feel positioned to do more and better work going forward as a result.

We see a strong indication that the amount of funding we directed to our recommended charities increased last year, too. While we haven’t reconciled all giving from 2019, the value of donations we processed increased by about 30% in 2019.

We’re proud of what we accomplished in 2019. We also fell short of some goals last year. Most notably, we failed to make as much progress as we planned in researching new areas of global health and poverty alleviation.

This blog post provides a brief look at our key successes and failures last year. A more detailed accounting of how our progress in 2019 compared to the goals we set is available on this page.

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How did we do in 2019? A preliminary look at our growth.

| by Catherine Hollander

We see an early indication that GiveWell continued its trajectory of robust donor growth last year. The total value of donations processed by GiveWell increased 30% in 2019.[1]

We’re sharing this data now because we believe it is an informative early update about our growth last year. However, GiveWell-processed donations don’t tell the full story of our impact. Many donors who rely on our research give via our partner organizations or directly to our top charities. Their gifts account for the majority of donations due to our work and are not processed by GiveWell. Information about these gifts is time-consuming to gather and has usually led us to release our metrics data many months after the end of the year. We plan to release a complete 2019 metrics report and assessment of our impact, including donations not processed by GiveWell, later this year.

Here’s what we know so far, based on the nearly complete information we have about donations we processed:

  • We processed $54.1 million in donations in 2019. Sixty-five percent of this amount was restricted to our recommended charities and 35% was unrestricted, which we may use to support GiveWell’s operations.
  • Support from donors giving $10,000 to $100,000 comprised the largest proportion of our growth (35%).[2]
  • Returning donors who gave more than last year made up 75% of our growth in funds donated (excluding anonymous donations).[3]
  • We believe that the majority of our growth was organic and would have occurred without any outreach and marketing efforts from GiveWell, although we can attribute some to specific outreach and marketing initiatives.[4]

We’re encouraged by this growth and excited to write about it. We also discuss below some ways that GiveWell-processed donations could be a misleading indicator of our overall impact.

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