multifoliaterose comments on (One reason) why capitalism is much maligned - Less Wrong
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What SIAI/FHI are trying to do has very high expected value, but in general, because unaccountable charities often exhibit gross inefficiency at accomplishing their stated goals, donating to organizations with low levels of accountability may hurt the causes that the charities work toward (on account of resulting in the charities ballooning and making it harder for more promising organizations that work on the same causes to emerge).
I don't think that SIAI and FHI are less-than-averagely accountable. I think that the standard for accountability in the philanthropic world is in general is very low and that there's an opportunity for rationalists to raise it by insisting that the organizations that they donate to demonstrate high levels of accountability.