We wrote back in July that we expected to be funding-constrained this year. That remains true as we approach the end of the year, putting us in the unusual position of leaving impact on the table.
We’ve set a goal of raising $600 million in 2022, but our research team has identified $900 million in highly cost-effective funding gaps. That leaves $300 million in funding gaps unfilled. By donating this year, you can help us not only meet but exceed our goal—and say yes to more excellent opportunities to save and improve lives.
Additionally, our giving guidance for donors has changed this year. For the first time, our top recommendation is to give to our new All Grants Fund, which we allocate to any need that meets our cost-effectiveness bar. We think it’s the best bet for donors who want to support the most promising opportunities we’ve found to help people, regardless of program or location. And it reflects our current views on how we can best meet our goal of maximizing global well-being—by taking advantage of every path to impact, whether that’s funding top charities, seeding and scaling newer programs, or funding research. See below for more on all three of our giving funds.
Why your support is so important
We rely heavily on numbers to think through our funding decisions. But it’s important to remind ourselves what those numbers represent. If we reach our goal of $600 million this year, we speculatively guess that that funding would save around 70,000 lives. That’s approximately the population of Portland, Maine.
To make the image a little more specific: we also expect most of the lives saved will be those of very young children, under five years old. If they reach their fifth birthday, they’ll have a much higher chance of surviving into adulthood. We think about 49,000 of the lives these donations are expected to save will be those of children under five—enough to fill more than 2,000 average US primary school classrooms.
But raising $600 million is not a given. We expect $350 million of our funding this year to come from Open Philanthropy, our single largest donor. The rest will come from our broader community of supporters (like you!), and our projections for this category of our fundraising are fairly uncertain.