S4 Ep26: Maximising impact: Open Philanthropy's approach to choosing causes
Jul 3, 2024
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Guest Emily Oehlsen from Open Philanthropy explains how they choose causes to maximize impact, including diversification in health interventions, successful lead contamination reduction project in Bangladesh, maximizing health and economic benefits, estimating health benefits with DALYs, and setting impact bars in philanthropy grant-making.
Open Philanthropy aims to maximize impact without fixed preferences by allocating funds to various promising causes.
Using the INT framework, Open Philanthropy evaluates cause areas based on importance, neglectedness, and tractability to make impactful grant decisions.
Deep dives
Open Philanthropy's Unusual Approach to Cause Prioritization
Open Philanthropy, unlike traditional grant makers, is cause neutral and aims to maximize impact without fixed preferences. By allocating funds to various areas such as health interventions, scientific research, global prosperity, and factory farming improvements, it seeks to support the most promising causes. Through dedicated research teams focused on cause prioritization, they aim to make impactful decisions that can have 10x or 100x differences in potential impact compared to traditional philanthropy.
Equalizing Marginal Returns for Grantmaking
Open Philanthropy uses an economic principle to maximize impact per dollar spent. By translating potential grant benefits into a single unit and reallocating funds to areas with the highest impact, they aim to maintain optimized portfolios. An example of their approach is seen in reducing lead exposure globally, where successful interventions have led to a significant decrease in contamination and estimates suggest saving thousands of lives.
Using Importance, Neglectedness, and Tractability Framework
The INT framework guides Open Philanthropy in evaluating promising cause areas based on importance, neglectedness, and tractability. By focusing on areas affecting many people intensely, receiving less attention, and offering clear progress avenues, they aim to identify cost-effective interventions. The framework allows them to navigate uncertainties and evaluate potential impact across various sectors, such as health and economic benefits, to make impactful grant decisions.
If you want to do good, and do not have unlimited funds, how do you choose? Which
places, people, and situations are most deserving? Do you invest in economic
benefits or lives saved? Open Philanthropy in an organisation that aims to rigorously
optimise the impact of every dollar it spends. Emily Oehlsen tells Tim Phillips about
its successes so far, and how it still sometimes gets it wrong.
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