JBP-121 - Add Givewell to recurring payout

Author:

@johnnyD

Proposal date:

February 23, 2022

Summary:

Add Givewell Maximum Impact Fund to a recurring payout of 10k USD per funding cycle. At our current funding target, given the best available evidence, this money would save approximately 3 human lives per funding cycle.

Abstract:

Givewell is a research organisation and is considered by many to be the world’s preeminent voice in how to give effectively. Their Maximum Impact Fund splits donations across Givewell’s top charities.

“We search for charities that save or improve lives the most per dollar. These are the best we’ve found. Supported by 20,000+ hours of research annually.” - Givewell on its top recommended charities.

Givewell is endorsed by the likes of Sam Harris (who donates to Givewell a portion of the revenue of his company, Waking up), Vitalik Buterin (who has donated 54M worth of ETH) and Sam Bankman-Fried (Founder/CEO of FTX which donates a portion of its total fee revenue).

GiveWell has filled a huge gap.

When I speak about why we ought to be doing more to help the world's poorest people — something I do often — the most frequent question I get is: how can we know that our donation will really help the poor? Until GiveWell came along, it was difficult to give a convincing answer to that question. Previous charity-rating organizations just looked at how much of a charity's income went to program expenses, rather than administration - and it doesn't take much thought to realize that that figure tells you nothing about how effective the charity's programs are. GiveWell has filled a huge gap, and at the same time has started a major trend towards greater transparency and demonstrated cost-effectiveness in the charitable world.

~ Moral philosopher, Peter Singer, on Givewell

Motivation:

Effectively donate a portion of Juicebox’s expenses to improving the state of the world.

Risks:

There is a small risk that Givewell could misuse the funds we send them. However, given Givewell’s stellar reputation, this is extremely unlikely.

Specification:

Payout recipient:

0x7cF2eBb5Ca55A8bd671A020F8BDbAF07f60F26C1

To verify address see Givewell’s list of crypto wallets.

Payout amount:

10k per funding cycle

Positive outcome:

Givewell estimates its top charities take between US$3000-4500 to save 1 human life, meaning Juicebox would be saving approximately 3 lives per funding cycle if this proposal is implemented.

Rationale:

10k is a nice clean number. It would make up approximately 10% our new funding target (total payout expenses) - a relatively minimal impact for us, but clearly a massive amount of good for the people who need help the most.

Timeframe:

Implement for FC17.

Copyright Disclaimer:

Sponsors:

Zeugh

@aeolian

---

Note: recurring payout recipients are required to participate in votes for future payout allocations. For payouts to non-EOAs, attach an address that will manage voting on the non-EOA address's behalf.

IPFS https://gateway.pinata.cloud/ipfs/QmckMPAVjekWBWyqcUf8ag8N7fA363tpREM36E3jTqJvSK

Discord Discussion https://discord.com/channels/775859454780244028/946632396256727051

Notion Proposal https://www.notion.so/juicebox/Add-Givewell-to-recurring-payout-03267077174745ca8f9435ad57b10f9b

Chinese Translation https://docs.google.com/document/d/1P3Xs1QmQZ0I46fePNwNsowYPXIStpYjW1LqGjjE7oA8/edit?usp=sharing