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Gleb_Tsipursky comments on The Science of Effective Fundraising: Four Common Mistakes to Avoid - Less Wrong Discussion
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While the scheme you described sounds like it's not the best bank for the buck, there are efforts within the Effective Altruism movement to try to replicate some aspects of this model. GiveDirectly is currently working with corporations to have each corporation "adopt" a village it can then lift out of poverty, for example.