Eight years and eight percent: Always giving more —
(This is a joint blog post with Madeleine.)
Our tradition continues: to celebrate our eighth year of marriage Madeleine and I are giving 8% of our joint pretax income. (Each year we give 1% more.) This giving is made to organizations which we believe have the most concrete short term “estimated value” for helping others.
As people look forward to making resolutions for the coming year, we hope our own example helps inspire others to give – just as others have inspired us by giving more, despite financial pressures. Those who go ahead of us have blazed a trail we happily follow.
As in previous years, we are guided by the research performed by GiveWell. Efficiency in good should matter, and for this reason our money will be going to help the developing world. Money can do more immediate good for the global poor – each dollar can accomplish more – than it can do to ameliorate the lives of those in first-world poverty.
Almost all of our giving this year will go to GiveDirectly. GiveDirectly aims to distribute 90% of the money it receives directly to poor individuals in the developing world. Their methods have been developed in Kenya, where the M-Pesa mobile-phone-based money transfer system facilitates the transfer of cash. GiveDirectly had a great year, with high profile and supportive articles in the New York Times, NPR’s This American Life podcast, and even The Economist. Even better, these articles often introduce one of the central ideas behind GiveWell (which has recommended GiveDirectly as one of three top charities) – that we can try to target donations to do the most good for the most people, and that acknowledging this involves a dramatic rethinking of which charities we choose to support.
There are many ways to make our lives meaningful. We have been fortunate to grow our family with our first child: a concrete meaning and joy, though a local one. We’ve also been especially fortunate to have had employment (past and present) where our skills are used to improve the world. A third path to meaning – one we hope others will join us in celebrating – is to give, to give more, and to give wisely.
May you find the happiness of giving in the new year!