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EA - GWWC is funding constrained (and prefers broad-base support) by Luke Freeman
Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: GWWC is funding constrained (and prefers broad-base support), published by Luke Freeman on November 23, 2023 on The Effective Altruism Forum.Giving What We Can is making giving effectively and significantly a cultural norm - and raising a lot of funds for highly effective charities.We're currently seeking funding to continue our work and ensure that we can inspire many more people to give effectively in the future. In 2024, we're hoping to hit 10,000 lifetime pledges.At Giving We We Can, we encourage people to give more and give better.Give more: We encourage people to pledge to give at least 10% of their income until the day they retire.Give better: We provide a donation platform that makes it easy for people to donate to our recommended high-impact charities.Over 8,500 people have taken the Giving What We Can Pledge to donate at least 10% of their income, and have collectively donated over $300 million. By 2030, we want to get to 100,000 pledgers and well over $1 billion of donations. Our ultimate mission is to make donating at least 10%, as effectively as possible, the global norm. We do this in three key ways:Our pledge: which has inspired a movement of donors to give more significantly, more sustainably, & more effectively.Our expertise: which helps donors to give more effectively across a diversity of causes and worldviews.Our donation platform: which makes effective giving easy & accessible for half a billion people on our expanding list of countries (more coming in 2024!).Our audienceWe believe that many people are in a position to do a lot of good by giving effectively. We aim to change the norms around giving, encouraging people to be more impactful and generous.Our pitchA decade of charity research has revealed something huge:The best charitable interventions often have 100x more impact per dollar than average onesAt GWWC, we help donors find those opportunities (leveraging thousands of hours of research) & make them easy to donate to via our donation platform.Our impactFrom 2020 to 2022,we estimate that we caused $45 million to go to charity. Once we account for the value of new pledge commitments, we estimate we generated $62 million in value.These figures are our best guess of how much we caused to go to highly effective charities - they don't count money that would have been given anyway or money given to charities we aren't sure are effective.The monetary impact of GWWC is best documented in our most recentImpact Evaluation, which suggests that from 2020 to 2022:GWWC generated an additional $62 million in value for highly-effective charities.GWWC had a giving multiplier of 30x, meaning that for each $1 spent on our operations, we generated $30 of value to highly-effective charities on average. Please note that this isn't a claim that your additional dollar will have a 30x multiplier, even though we think it will still add a lot of value. Read more onhow to interpret our results.Each new GWWC Pledge generates >$20,000 of value for highly-effective charities that would not have happened without GWWC.This evaluation suggests something we long suspected:If your goal is to get resources into the hands of highly-effective charities, we believe supporting Giving What We Can is a great funding opportunity.The cultural impact of GWWC (although harder to quantify) has also been significant by making the idea of giving 10% effectively more accessible and compelling to a broader audience. "Pledging 10% to effective charities" has become a touchstone of the effective giving community - inspiringTED talks, launchingclubs, & drawingcuriosity &praise from press around the world.Our plansWe believe most of our impact lies in the coming decades, and Giving What We Can has spent the past 3.5 years building a sustainable foundation for...
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