2015 impact purchase

Abstract

An approach of allocating funds to impact-maximizing projects, or ‘purchasing impact,’ might be more efficient than traditional grant making. By offering a monetary incentive to projects that have already demonstrated a significant impact, such an approach can potentially incentivize efficient altruism, allocate funds more effectively, and encourage transparency and accountability. This method involves soliciting project proposals that include an ‘asking price,’ which represents the minimum amount of compensation required to offset the impact of the project. The actual awards are determined through a truthful auction that incorporates both asking prices and impact assessments. The project distributes funds in incremental rounds throughout the year, and new proposals are continually accepted. – AI-generated abstract.