Previously: Donations, The Third Year / Donations, The First Year
In 2025, like in all previous years, I did what I was supposed to do. As each paycheck came in, before I did anything else, I dutifully put ten percent of it away in my "donations" savings account, to be disbursed at the end of the year.
It is still there, burning a hole in my pocket. I am very confused, and very sad.
EA was supposed to be easy, especially if you're one of the old school Peter Singer-inflected ones giving largely to global health and poverty reduction. You just give the funds away to whatever GiveWell recommends.
But one big thing that came into focus for me last year was that there are large institutional players who make up the shortfall whenever those charities don't fundraise enough from their own donor bases.
It is wonderful that this happens, to be clear. It is wonderful that the charities doing very important work get to have more stable financial projections, year over year. But as an individual small donor, the feeling I get now is that I am not actually giving to the Against Malaria Foundation. Instead, I am subsidizing tech billionaire Dustin Moskovitz, and Coefficient Giving.
As an effective altruist, is this what I think is the most efficient thing to do? In my heart of hearts, I don't think it is.
In my previous reflection from two years ago, I wrote:
I remember a lot of DIY spirit in the early EA days - the idea that people in the community are smart and capable of thinking about charities and evaluating them, by themselves or with their friends or meetup groups.
Nowadays the community has more professional and specialized programs and organizations for that, which is very much a positive, but I feel like has consequently led to some learned helplessness for those not in those organizations.
Now, I am feeling increasingly dismayed by the learned helplessness and the values lock-in of the community as-is. If the GiveWell-recommended charities are no longer neglected, they should really no longer be in the purview of EA, no? And soon there will be an even larger money cannon aimed at them, making them even less neglected, so...
What am I trying to say?
I suppose I wish there were still an active contingent of EAs who don't feel a sense of learned helplessness, and who are still comfortable trawling through databases and putting together their own cost-benefit analyses of potential orgs to support. I wish the EA forums was a place where I can search up "Sudan" or "Gaza", "Solar adoption" or "fertility tech" or things that are entirely off my radar due to their neglectedness, and find spreadsheets compiled by thoughtful people who are careful to flag their key uncertainties.
Of course, this is work I can begin do by myself, and I am doing it to some degree. I've looked through a bunch of annual reports for Palestinian aid charities, I've run meetups teaching my rationalist group how to trawl through tax databases for non-profit filings and what numbers to look for.
But my mind goes to a conversation I had with Mario Gibney, who runs the AI safety hub in Toronto. I told him that I didn't think I could actually do AI safety policy full time, despite being well suited to it on paper. It simply seemed too depressing to face the threat of extinction day in and day out. I'd flame out in a year.
And he said to me, you know, I can see why you would feel that way if you're thinking of working by yourself at home. But it really doesn't feel that way in the office. When you are always surrounded by other people who are doing the work, and you know you are not alone in having the values you have, and progress is being made, it's easier to be more optimistic than despondent about the future.
So yes, I can do the work in trying to evaluate possible new cause areas. It is easier to do than ever because of the LLMs. But it really doesn't feel like the current EA community is interested in supporting such things, which leads me to that same sense of despondency.
This is compounded by the fact that nature of picking low-hanging fruit is that as you pick them, the ones that are left on the tree get increasingly higher up and difficult to reach. And this incurs skepticism that I'm not entirely sure is merited.
I expect that, when we look for new cause areas, they will be worse on some axes than the established ones. But isn't that kind of the point, and a cause for celebration? The ITN framework says "yes, global warming seems quite bad, but since there is already a lot of attention there, we're going to focus on problems that are less bad, but individuals can make more of a marginal difference on". If the GiveWell-recommended charities are no longer neglected, it means we have fixed an area of civilizational inadequacy. But it also means that we need to move on, and look for the next worst source of it.
I genuinely don't know which current cause areas still pass the ITN evaluation framework. I have a sense that the standard GiveWell charities no longer do, which is why I have not yeeted my donation to the Against Malaria Foundation. I no longer have a sense that I am maximizing marginal impact by doing so.
So what am I to do? One thing I'm considering is simply funding my own direct work. I run weekly meetups, I'm good at it, and it has directly led to more good things in the world: more donations to EA charities, more people doing effective work at EA orgs. If I can continue to do this work without depending on external funding, that saves me a bunch of hassle and allows me to do good things that might be illegible to institutional funders.
But I'm very suspicious of the convergence between this thing I love to do, and it being actually the best and most effective marginal use of my money. So I have not yet touched that savings account for this purpose.
More importantly, I feel like it sidesteps the question I still want to answer most: where do I give, to save a human life at the lowest cost? How can I save lives that wouldn't otherwise be saved?

There is lots of different stuff here:
I find that many EAs don't know about that last point. This gap exists for somewhat reputational reasons. It's seen as a little bit reputationally gauche for a large philanthropist to donate to a fundraising organisation (rather than the thing the fundraising organisation is fundraising for). Moreso for things with lower multipliers. CG will only take the mild reputational hit of it for things with a high enough multiplier, because CG is watching its reputation carefully. If you as a person do not care one bit about possible reputational consequences of being seen to be paying a fundraiser, just about how many lives you can save with your cash, then it's a great donation area choice.
It's a bit like paying your own direct work costs, but divorced from yourself as the person running the things.
Some more details here: https://coefficientgiving.org/research/reflecting-on-our-recent-effective-giving-rfp/
thank you, I appreciate the clarifying response!
As far as I'm aware, coefficient giving may slightly adjust which global health causes they support based on how neglected those are, but it's less than a 1:1 effect, and the size of the global health funding pool at CG is fairly fixed. And there are a bunch of people dying each year, especially given the foreign aid cuts, who would not die if there was more money given to global health stuff, including GiveWell top charities (if nothing else, GiveDirectly seems super hard to saturated). So I don't really see much cause for despondency here, your donations can do a lot of good! (other than the fact that the world is like this being terrible). I think it would be accurate to say that GiveWell top charities are not obviously the most impactful thing to fund on the margin, but that is very different from not being impactful or not being neglected.
Concretely, I recommend funding the GiveWell all grants fund, which they can allocate to wherever it would do the most good in global health, including higher risk things. Given the foreign aid cuts there's likely a bunch of important but smaller and time sensitive opportunities, and as a non expert in global health, I'm happy to defer to GiveWell's recommendations here, in the same way that I used to be happy to give to their top charities, or am happy to invest my savings in index funds.
And yeah funding your own direct work seems totally fine to me
As this person seems very worried about counterfactuals, I should probably point out that the All Grants Fund does still make substantial grants to the Top Charities because they don't get enough granting opportunities that are reliably estimated as more effective than a top charity, so on the margin your donations are equivalent.
This may change in future - GiveWell are investigating lots more scalable grants in things like water treatment and humanitarian contexts.
If I understand right, the claim you're making here is that if I give £10 to a Givewell charity, I cause Dustin Muskovitz to give £10 less to that Givewell charity, and do something else with it instead. What else does he do with it?
The second two possibilities seem surprising and important if true, and I'd be interested to hear more justification for this! Is there some evidence that this is really what happens?
Why do you think global health is no longer neglected?
I don't think global health is no longer neglected. However, I'm no longer fully confident that donating to GiveWell is the most effective way to support human welfare, due to (very positive) infrastructure shifts where the most effective charities in this space get some sort of institutional backstop.
While I acknowledge that it is not actually literally a 1:1 substitution, I think it's reasonable to model this as a bit of a handicap[1] on effectiveness when I donate to the EA endorsed charities.
Further, GiveWell's current 8x baseline does not seem to me to be that high of a bar, and I suspect there are many more charities and interventions that are neglected by EAs and are possibly more useful for me to fund as they have no institutional backstops.
When I combine these facts, it seems to me like there's a reasonable chance that... the same way that EA treated the rest of the philanthropic landscape "adversarially" when thinking about what to fund and avoided the overcrowded areas, perhaps it might make sense for at least a small contingent of people to start treating EA "adversarially" in the same way.
Does that make sense?
I don't know what the size of this handicap is, I was roughly modelling it as 0.5xing my donation, but the other comments provide some evidence that it's much smaller than I think it is. But I'm still not entirely sure and there isn't good information on this. One thing I would like to do is to figure out what this actual number is.