This is REG’s second annual transparency report (2014 report), intended to create transparency about where REG donations went in 2015, and how money raised for effective charities relates to money spent on REG operations.
In 2015, REG donors gave an overall amount of $597,820 to effective charities, while REG’s expenses amounted to a total of $75,242 (mainly wages, travel expenses, and office supplies), equating a fund ratio of 1:8. We are satisfied with these numbers, given that throughout 2015, we have focused on efforts we expect to result in increased long-term donation volume, examples being the expansion into industries beyond poker and establishing partnerships with Matchbook.com and King’s Casino.
Allocation of unrestricted funds
Donors chose to make unrestricted donations for a total of $134,648, 22.5% of the total donation volume in 2015. The REG board allocates unrestricted donations to the recommended charities according to its most up-to-date judgment, taking into account various considerations such as room for more funding (RFMF) and the latest research updates. Table 1 shows the allocation of unrestricted donations in 2015. For a detailed overview of the distribution of unrestricted donations for each quarter, please refer to the reports on money moved for Q1 2015, Q2, 2015, and Q3 & Q4 2015, respectively.
Charity | Amount (in $) |
---|---|
Animal Ethics (AE) | 20,594 |
Center for Applied Rationality (CFAR) | 5,583.70 |
Centre for Effective Altruism (CEA) | 14,469.50 |
Deworm the World Initiative (DtWI) | 14,469.50 |
Machine Intelligence Research Institute (MIRI) | 44,877.85 |
New Incentives (NI) | 10,224.30 |
Nonhuman Rights Project (NHRP) | 10,224.30 |
The Great Ape Project (GAP) | 14,204.85 |
Total | 134,648 |
Fund allocation according to cause areas
REG donors support highly effective charities in different cause areas. These include effective poverty alleviation, animal advocacy, risks from emerging technologies, and caus- neutral charities that work in various areas. The appendix lists all charities that have received donations raised by REG in 2015 according to their respective cause area.
1. Poverty alleviation: $176,296 (29.5% of all donations raised) went to charities working on alleviating suffering from poverty-related causes. The largest single recipient in this cause area was the Against Malaria Foundation with $102,786 in donations. REG donors have thereby provided funds to buy more than 45,000 anti-malaria bednets to protect almost 69,000 people for up to four years from becoming infected with malaria. Statistically, they have thus saved 38 lives in 2015, according to data from GiveWell.
2. Animal charities: $61,166 (10.2%) of all donations went to charities reducing the suffering of animals. With $35,730, the single largest recipient in this cause area was Animal Ethics, a charity working on spreading anti-speciesist messages in public, academic, and professional spheres.
3. Risks from emerging technologies: $240,924 (40.3%) of the donations in 2015 were allocated to research on the safety of artificial intelligence. The development of an artificial general intelligence (AGI) has been identified as a potential threat on a global scale. The Machine Intelligence Research Institute (MIRI) does foundational mathematical research to ensure smarter-than-human artificial intelligence has a positive impact.
4. Cause-neutral meta-charities: $119,434 (20%) of REG donations in 2015 went to organizations that do not focus on a specific cause area but support charities doing direct work in different areas (like REG does). By doing so, they aim to multiply their positive impact on the world. The cause- neutral meta-charity receiving the largest share of REG donations in 2015 was REG’s parent organization, the Effective Altruism Foundation (EAF; formerly GBS Switzerland).
A. Poverty Alleviation Against Malaria Foundation (AMF) Deworm the World Initiative (DtWI) Over 870 million preschool- and school-age children are at risk of parasitic worm infection. The Deworm the World Initiative works with governments around the world to develop and implement national school-based deworming programs. These leverage existing infrastructure, result in treatment coverage of over 80% of at-risk children, and reduce costs to less than USD 50 cents per child per year. GiveDirectly New Incentives (NI) Schistosomiasis Control Initiative (SCI) GiveWell Animal Ethics (AE) GiveWell Great Ape Project (GAP) Nonhuman Rights Project (NhRP) Animal Charity Evaluators (ACE) Animal Equality Mercy for Animals (MFA) C. Risks from emerging technologies Machine Intelligence Research Institute (MIRI) D. Cause-neutral meta-charities Effective Altruism Foundation (formerly GBS Switzerland) Raising for Effective Giving (REG) Center for Applied Rationality (CFAR) Centre for Effective Altruism (CEA) |