Now I’m worried – who decides what is effective and who should be funded?
Posted by Gayle Gifford on February 20, 2009 in Big ideas, Nonprofit Highlights, Research
I went back to www.GivingMarketPlaces.org today to see if they had answered my question about the data used in the report I mentioned a few days ago The Nonprofit Marketplace: Bridging the Information Gap in Philanthropy. In the way that the web works, I found myself on the TacticalPhilanthropy Blog which mentioned that the William and Flora Hewlett Foundation, which partnered with McKinsey & Co to produce this report had funded an organization called GiveWell.
From what they say on their web site, GiveWell was founded and is staffed by some former hedge fund managers. They have set themselves up as an “independent evaluator” to do “detailed analysis” of nonprofit organizations and then to recommend to donors whether to give to those organizations or not.
GiveWell says they reviewed 136 nonprofits and only 4 came highly recommended! I was absolutely amazed by the list of organizations that were “Not Recommended” for donor giving including the American Red Cross, UNICEF, Technoserve, and the Girl Scout Council of Greater New York.
It appears that the primary reason most organizations were “Not Recommended” was because they didn’t give GIveWell the right kind of information. I doesn’t surprise me that such an internationally respected Read More >>