THE FIRST DONATION A CHARITY GETS IS OFTEN THE MOST IMPORTANT ONE
There are many fantastic charitable projects that are too young or too small for the majority of funders to consider. Or that require not only funding but also more engaged forms of mentorship to start an impactful organization. This year, Charity Entrepreneurship received a truly massive number of applications: over 3,000, with many of these applications strong enough – with support – to potentially start a charity that could lead in its field. We have decided to start a fund for early-stage seed grants to support these new organizations.
WHAT THIS FUND WILL COVER
We currently offer seed funding to charities that go through the CE incubation program, and such seed grants would be covered by the fund. However, the fund would also have a higher level of flexibility and be able to support, for example:
- Seed grants to charities that participate in the CE incubation program (~50%)
- Founders who cannot attend the program due to timing or logistical issues (~10%)
- Organizations that are new (e.g. under 12 months) but not within their first few months (~20%)
- Organizations that fall outside of the cause areas we are recommending ideas in, but that look uniquely promising (~10%)
- External reviewing for recently founded charities to determine how well they are progressing (~5%)
- Other areas that could help the broader entrepreneurship ecosystem create more impactful organizations (~5%)
WHAT THIS FUND WILL NOT COVER
This fund is not likely to grant out to organizations that do not have the potential of being as cost-effective as (or more so than) GiveWell’s top charities for humans or ACE’s top charities for animals. It will generally not grant out to organizations with better counterfactual sources of funding. It will likely grant out to relatively few charities a year (we expect under 20, including the seed grants given to charities that attend the program) and have a very high bar for project promisingness. It will also not fund CE operations or our program costs.