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gregconen comments on The Craigslist Revolution: a real-world application of torture vs. dust specks OR How I learned to stop worrying and create one billion dollars out of nothing - Less Wrong
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Comments (219)
The problem is not finding an effective, productive, and reputable charity. There are plenty out there (even if a majority are not). It's finding a charity than can effectively and productively use an extra billion dollars. Many charities don't have the oversight and planning infrastructure to use a windfall of that size.
There is an obvious solution to this: fund multiple charities.
Philanthropy by Americans alone is about $300 billion per year. The guesstimated annual cashflow here is less than one-thousandth of that.
Most of that is given to churches, hospitals, rich-country education, etc. Much, much less is given to overseas public health aid, and less of that to efficient programs.
Mimicking the Gates Foundation grants to GAVI could absorb a lot, but would risk missing a lot of the potential to use this to promote more efficient giving.