givingmethod

The Giving Method is a structured approach to philanthropy developed by the Giving What We Can (GWWC) organization. It is designed to help individuals make informed decisions about how to donate their money to maximize its positive impact on the world. The method consists of several key steps:

First, one must determine their income and expenses, and calculate their net income, which is the amount left over after all necessary expenses are paid. This net income is considered the amount one can afford to donate.

Next, individuals are encouraged to research and understand the most effective charities, those that can do the most good with a given amount of money. GWWC provides a list of top charities based on their cost-effectiveness, which are charities that can save or improve a large number of lives for a given amount of money.

After identifying the most effective charities, individuals are advised to donate a significant portion of their net income to these charities. The Giving Method suggests donating at least 10% of one's net income, but many choose to donate more, up to 50% or even 100% if they can afford it.

The Giving Method also encourages regular review and adjustment of donations. As individuals' circumstances change, so should their giving. Additionally, new and more effective charities may emerge, prompting donors to re-evaluate their giving strategy.

The ultimate goal of the Giving Method is to enable individuals to give as much as possible, as effectively as possible, to do the most good. It is a simple yet powerful framework for philanthropy, emphasizing evidence-based decision-making and continuous learning.