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Elie Hassenfeld, Co-founder and CEO of GiveWell, discusses the challenges of evaluating charities and balancing quantitative and qualitative factors. They also explore the concepts of crowding out and crowding in, and the importance of maintaining good judgment alongside quantification.
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Quick takeaways
- GiveWell identifies the charities that save or improve lives the most for every dollar given.
- GiveWell employs an evidence-based approach, using academic research to select organizations with strong evidence of impact.
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The Origins of GiveWell and Its Mission
GiveWell was founded in 2007 by Ellie Hasenfeld and Holden Karnofsky, who were frustrated by the lack of useful information to guide charitable giving decisions. They wanted to identify outstanding organizations that could do a lot of good with the funds they received. Over the years, GiveWell has evaluated many organizations, recommending four top charities that have proven success in specific areas, such as malaria prevention and vitamin supplementation.
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