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by devanti 3292 days ago
The problem I find with most philanthropic efforts, most namely charities, is that it's a black box with little measure of accountability. You don't know how exactly the money is spent, and how effective it was.

If someone can start a 100% transparent charitable organization, where each line item of expense is open to the public, it would give people more confidence in giving, and it would give the organizations more incentive to make effective and efficient decisions. Kind of like a manager overseeing your moves, except it's the public since they provide the funding.

In terms of where to focus the efforts -- I find providing education is the only short term effort that can lead to long term and everlasting gains.

2 comments

You might be interested to hear about GiveWell and Effective Altruism.

http://www.givewell.org/

https://www.effectivealtruism.org/

GiveWell, in particular, publishes a bunch of information (cost/benefit analyses, intervention reports, etc.) about their charitable success/initiatives.

Just as many people would only donate to organizations where they can be anonymous. For example, if you were a gay man and wanted to send money to Russia to help fight the anti-gay sentiment over there, you might not want to do it with your name easily traceable.