Happy New Year! For those who follow us closely, you know that charitable giving is important to us at Cedarstone. As you take a look at your finances for this year and decide where to give, a great place to start is with the charities that you work with directly. However if you are looking for a new charity to be part of, we turn to our friends at GiveWell for recommendations on where to give in 2016.
GiveWell is a nonprofit dedicated to finding outstanding giving opportunities who publish the full details of their analysis to help donors decide where to give.
Unlike charity evaluators that focus solely on financials, assessing administrative or fundraising costs, they conduct in-depth research aiming to determine how much good a given program accomplishes (in terms of lives saved, lives improved, etc.) per dollar spent. Rather than try to rate as many charities as possible, GiveWell focuses on the few charities that stand out most in order to find and confidently recommend the best giving opportunities possible. Here are their top charities for 2016:
Against Malaria Foundation
Malaria is a major problem in sub-Saharan Africa. Over 1 million people – mostly children – die from malaria each year. Insecticide-treated bed nets prevent deaths and many other non-fatal cases of malaria and are relatively inexpensive – about $5 per net. GiveWell believes that AMF effectively expands access to bed nets. For More Information Click Here
Schistosomiasis Control Initiative (SCI)
SCI supports programs that treat people for parasitic worm infections that cause short-term symptoms such as anemia and may cause longer-term developmental problems. These worms are extremely inexpensive to treat. GiveWell believes that SCI cost-effectively expands access to deworming treatment. For More Information Click Here
Deworm the World Initiative
The Deworm the World Initiative, led by Evidence Action, supports programs that treat children for parasitic worm infections. Deworm the World focuses on advocacy and technical assistance to governments providing deworming, and GiveWell believes that it cost-effectively increases the number of children receiving deworming treatment. For More Information Click Here
Directly transferring money to poor individuals allows them to purchase that which they believe will help them most. Strong evidence indicates that cash transfers lead recipients to spend more on their basic needs (such as food) and may allow recipients to make investments with high returns, with no evidence of large increases in spending on items like alcohol or tobacco. GiveWell believes that GiveDirectly effectively distributes cash to extremely low-income individuals. For More Information Click Here