Should you become a charity entrepreneur? (with Joey Savoie)

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Apr 19, 2023

Joey Savoie, co-founder of Charity Entrepreneurship, dives into the compelling world of charity entrepreneurship. He discusses the unique pressures nonprofits face and how effective altruism evolves with shifting ethical frameworks. Savoie explores the balance of focusing on specific causes versus valuing diverse approaches, along with personal happiness's effect on altruism. He also addresses the lessons from the FTX crisis, advocating for improved governance in the charity sector and providing practical advice to maximize charitable impact.

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INSIGHT

Charity Entrepreneurship Focus

Charity entrepreneurship focuses exclusively on impact, unlike social enterprises.
This exclusive focus is advantageous in the less competitive charity market.

INSIGHT

Charity Incentives

Charities face pressure to please donors, creating conflicting incentives.
This pressure can pull charities away from their core mission of helping people.

INSIGHT

Large Charity Suspicion

Large charities may prioritize growth over impact due to donor pressure.
Their size and diverse activities make it harder to maintain a high-impact focus.

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Read the full transcript here.

What is charity entrepreneurship? What sorts of incentives pull charities away from their stated goals? Why is Effective Altruism even a thing when it's already the case that most charities probably try to be as effective as they can be and probably use evidence of some kind to move towards that end? How diverse are the value systems in the EA movement? To what extent should charity funders diversify? Under what conditions does expected value theory break down? Is it possible to be too altruistic? Have too many EA orgs moved away from more traditional, near-term causes to pursue long-term causes? How frequently should charities switch projects? What is foundation entrepreneurship? What's the best advice to give to a non-EA person who wants to do some amount of good in the world?

Joey Savoie wants to make the biggest positive difference in the world that he can. His mission is to cause more effective charities to exist in the world by connecting talented individuals with high-impact intervention opportunities. To achieve this, he co-founded Charity Entrepreneurship, an organization that launches effective charities through an extensive research process and incubation program. Prior to Charity Entrepreneurship, he co-founded Charity Science, a meta-organization that increased the amount of counterfactual funding going to high-impact charities. Subsequently, he co-founded Charity Science Health, a nonprofit that increases vaccination rates in India using mobile phones and behavioral nudges. He has given lectures on various aspects of charity entrepreneurship and Effective Altruism in Oxford, Cambridge, Harvard, Yale, EAG London, EAG San Francisco, Berlin, Basel, Vancouver, Stockholm, and Oslo. Learn more about Charity Entrepreneurship here, and learn more about Joey here.

Staff

Spencer Greenberg — Host / Director
Josh Castle — Producer
Ryan Kessler — Audio Engineer
Uri Bram — Factotum
WeAmplify — Transcriptionists
Miles Kestran — Marketing

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