‘Give Well’ helps identify causes worthy of support

In 2006 Elie Hassenfeld and colleagues at a Connecticut hedge fund formed a “charity club” to help them make informed decisions about donations. Hassenfeld and Holden Karnofsky, created ‘Give Well’ whose mission is to help people answer the question, “Where should I give to accomplish the most good?” Very few charities participate in rigorous controlled trials to prove their work is effective. Donors increasingly want evidence showing that their contributions will actually make an impact, and these donors have clout. Since 2007, it has directed at least $60 million to its list of recommended charities that are “evidence-backed, thoroughly vetted, and underfunded.”

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