2 young hedge-fund veterans stir up the world of philanthropy

Abstract

Two former hedge-fund analysts, Holden Karnofsky and Elie Hassenfeld, founded GiveWell, a charity that evaluates the effectiveness of other charities. GiveWell’s findings are based on in-depth analysis of charities’ financial and programmatic data. The charity has received mixed reactions from the philanthropic community, with some praising its rigorous approach and others criticizing its methods. GiveWell’s work has raised questions about the effectiveness of traditional charity evaluation systems and the role of data in philanthropy. – AI-generated abstract.