Coefficient Giving just gave GiveWell $1 billion. Where should other donors give now?

Coefficient Giving announced a one-billion-dollar gift to GiveWell, dramatically concentrating the flow of funding through two of Effective Altruism's largest players. GiveWell is a research organization that identifies high-impact charities in global health and development—think malaria nets, vitamin-A distribution, and vaccination programs. The gift rests on two pillars: the volatility of AI-linked asset valuations and a belief in AI's potential to transform global health outcomes. This single donation roughly equals all of GiveWell's planned grants for twenty twenty-six. The concern: with both organizations now drawing from the same highly volatile funding source, the field's architecture has become fragile. Per LessWrong, the concentration risk raises questions about philanthropy's resilience if those valuations slip.

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