Some observations:
- Most of GiveWell’s senior staff are moving over to the Open Philanthropy Project.
- This year, GiveWell had to set explicit funding targets for all of their charities and update their recommendations in April to make sure nobody ran out of room for more funding.
- My understanding is that Good Ventures (a) probably has more money than the current discounted cash flows from the rest of the EA movement combined and (b) still isn’t deploying nearly as much money as they eventually will be able to.
- Open Phil has recently posted about an org they wish existed but doesn’t and funder-initiated startups.
- I can’t remember any EA orgs failing to reach a fundraising target.
- Effective altruism is growing quickly; many EAers plan to earn to give but are currently students and will increase their giving substantially in the next few years.
These observations make me feel generally weird about earning to give: Good Ventures and other large foundations can fund a ton of stuff, and there are many individual EA donors who can fund the good ideas that aren't worth large funders engaging with for whatever reason (at least, many relative to the available opportunities). So it might be important to have more people trying to spot opportunities and start effective charities with support from large funders or current EtGers. For instance, the Gates Foundation has 1200 employees trying to help them deploy their money (and that’s presumably not counting the people who help them start new organizations); applying a similar ratio to Good Ventures would suggest they should have on the order of 100 people helping them, whereas today they have ~10.
Given that doing a normal job and making large donations is psychologically more attractive than trying to start nonprofits for a lot of people (including myself), this suggests that marginal EtGers (also potentially including myself?) might want to give more weight to trying to find opportunities to start new effective organizations, and leave the funding to people like Dustin Moskovitz.
One counterpoint might be that “large funders” are not actually that large; for instance, 72% of total giving is from individuals, but I don’t know if that ratio holds for global poverty or other causes EAs are interested in. And even if it does, it seems like you have to be a certain size of organization to raise grassroots funds effectively, and right now we don’t have enough orgs of that size.
I’d love to get other people’s thoughts on this.
To play devil's advocate (these don't actually represent my beliefs):
This doesn't necessarily mean much, because fundraising targets have a lot to do with how much money EA orgs believe they can raise.
It's pretty hard to get funding for a new organization, e.g. Spencer and I put a lot of effort into it without much success. The general problem I see is a lack of "angel investing" or its equivalent–the idea of putting money into small, experimental organizations and funding them further as they grow. (As a counter-counterpoint, EA Ventures seems well poised to function as an angel investor in the nonprofit world.)
Also, to address the general point that EA is talent-constrained, the problem might be that there are very few people with the skills needed, and more funding can be used to train people, like MIRI is doing with the summer fellows program. In that case earning to give is still a good solution to the talent constraint.
Note that GiveWell / Good Ventures (unsurprisingly) like to research a charity or cause area themselves before they direct funding to it, and this is tightly constrained by the pace of GiveWell research staff growth, so in practice many high-leverage opportunities are still (in my opinion) available to marginal EtGers — at-least, if those EtGers are willing to be at least 1/5th as proactive about finding good opportunities as, say, Matt Wage is. Maybe that won't be true after 10 years of additional research conducted by GiveWell (incl. OpenPhil), but I think it'll be true for the foreseeable future.
There are probably additional reasons GiveWell / Good Ventures won't fund particular things, besides the fact that they haven't been researched in sufficient depth by GiveWell. E.g. GiveWell might think it's a good thing for there to be multiple meta-charities in the EA space that maintain independence, and so even if funding CEA projects is a clear win, they still might think it's a bad idea for GW/GV to direct any support to CEA projects.
And finally, it's also possible that individual EtGers might have different values or world-models than the public faces of GW/GV have, and for that r... (read more)
This is what I was trying to get at with http://acesounderglass.com/2015/05/11/map-of-open-spaces-in-effective-altruism/ . I don't think the number of unsolved problems is at all well publicized.
Thanks :) I plan to do so as soon as I have the karma
A note on what we mean when we talk about "marginal EtGers".
In some sense all EtGers look marginal, in that they could shift the margins by moving onto direct work. But there's a coordination issue. Really the people who have the highest comparative advantage at EtG should be pursuing that, and whether we have the right balance determines where the cut-off should be between people choosing EtG or direct work. "Marginal EtGers" are people who only just decided on EtG. They could be people already in EtG careers, but they will more often ... (read more)
Has there been much thought or discussion put into the idea of making existing charities more effective? Sure there are lots of organizations out there that focus on making marketing more effective or getting more donors; but there seems to be a big whole in the market for people or organizations that work to turn current charities into ones we would consider effective. I've thought about this myself quite frequently and would be stoked to see something like this. Has this already been discussed elsewhere?
Thanks for posting this Ben, I've noticed some of the same things you mention.
I personally would be more motivated against earning to give if I heard an argument about why the "more money equals more stuff done" equation which seems to hold in the rest of our economy fails for charities.
"I donated $100,000 last year; based on my skill set I would probably earn $50,000 working at a charity; therefore earning to give is twice as good."
The naive argument definitely works if $50,000 will reliably hire someone as good as you would be at the job, where that someone would otherwise have been doing activities of little altruistic value.
That's a bit of an odd situation. Say your programming skills are worth $200k on the open market, and a charity needs skills like those. Why can they successfully hire a programmer for $50k? They need some combination of a supply of candidates who are eager to work for them for non-monetary reasons and lowered standards. Sort of like how lots of people want to be musicians, so average musician wages are very low.
Basically the naive argument assumes that there is a large population ready to donate their time at discount rates and high productivity but not to earn and donate with comparable willingness/productivity. Earning to give then exploits the opportunity for cut-rate hiring created by others' unreasonable enthusiasm for direct work.
And that's true for many positions, especially for people who have particular advantages in ear... (read more)
I think EAs irrationally avoid giving to "second-best" charities (like GiveWell's standouts) , but that's a relatively weak impression. It might be helpful to talk more about top giving opportunities in a given moment/year, rather than talking about top charities, which can become less top as donations are made, until donating doesn't feel so shiny anymore (also saying this as a random EA, not soon-to-be GW staffer).
Of course, it might be better to ask people to give later in general, but there's no reason as far as I know to believe the best o... (read more)
I don't have any new considerations to add but I agree with a) there's probably a relative oversupply of 'EA money' on the margin and b) there are various psychological reasons that would pull towards E2G over direct work.
I think there are plausibly contrary explanations for some of these observations. for senior staff moving to Open Phil, it could be because Open Phil is younger, and its tasks are less structured. For top charities running out of room for more funding, this is only the top couple of GiveWell charities, and this needn't apply to intergenerationally-altruistic charities. GiveWell has mentioned a couple of organisations that they would like to see, but it's not as though finding such opportunities has yet become their main activity.
I think the general point i... (read more)
Sounds reasonable - and if successful will come back to a funding constraint.
You want to put your most expensive resource at the bottle-neck as an efficiency heuristic.
Do people think the bottle neck is ideas, execution, or funding - or the infrastructure needed to facilitate one or more of those?
It seems a shame that such intelligent and amazing people in the EA movement are, on the whole, putting their most productive and creative years (25-35?) into EtG rather than building and delivering practical solutions to improve the world in the best way possibl... (read more)
The answer to this question depends somewhat on your focus area, but my experience so far has been that almost all the organizations I work with could use more money (including ACE, Animal Ethics, most Swiss EA projects, MIRI, FHI, and most object-level charities except those that get saturated by Good Ventures). Many of these groups need money more than talent right now.
I also think the people who can be hired for an opportunity cost of ~$50K aren't 4 times less talented than those who can be hired for an opportunity cost of $200K. This belief is partly b... (read more)
I broadly agree with this (and have some relevant posts in draft).
At a broad level, I expect the ratio of (value of marginal earning-to-give):(value of marginal direct work) can't get too distorted, because of mechanisms like:
However this isn't in conflict with your suggestion that at the margin now there may be slightly too much EtG. I'm not sure about that.