Holden Karnofsky

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Holden Karnofsky
Holden Karnofsky 0.jpg
Education Harvard University (BA)
OccupationNonprofit executive
Known forCo-founding GiveWell and Open Philanthropy
Spouse Daniela Amodei

Holden Karnofsky is an American nonprofit executive. He is a co-founder and Director of AI Strategy of the research and grantmaking organization Open Philanthropy. [1] Karnofsky co-founded the charity evaluator GiveWell with Elie Hassenfeld in 2007 and is vice chair of its board of directors.

Contents

Biography

Education and early career

Karnofsky graduated from Harvard University with a degree in social studies in 2003. [2] At Harvard, he was a member of the Harvard Lampoon. [3] After graduating, he worked at Bridgewater Associates, an investment management fund based in Westport, Connecticut. [4] [5]

GiveWell

At Bridgewater, Karnofsky met his future GiveWell co-founder Elie Hassenfeld. In 2006, Karnofsky and Hassenfeld started a charity club where they and other Bridgewater employees pooled in money and investigated the best charities to donate the money to. [6] In mid-2007, with donations from their colleagues, Karnofsky and Hassenfeld formed a fund called "The Clear Fund", and quit their jobs to work full time on GiveWell, whose goal was to allocate the money in the Clear Fund to the best charities. [6]

In December 2007, Karnofsky was discovered posting a question about the organization to MetaFilter using another individual's name, and then posting an answer about GiveWell with his own name but without disclosing his affiliation with GiveWell. The negative publicity led Karnofsky to resign from the role of executive director, though he was later reinstated. [7] [8] The incident had negative repercussions on GiveWell's reputation. [9]

In June 2012, GiveWell announced a close partnership with Good Ventures, the philanthropic foundation tasked with giving away Facebook co-founder Dustin Moskovitz's wealth. Good Ventures has been one of GiveWell's main funders since then as well as a major donor to GiveWell-recommended charities. [10]

Under Karnofsky's leadership, the annual money moved to GiveWell-recommended charities increased from $1.6 million in 2010 [11] to $110 million in 2015. [12] As of 2020, he is vice chair of its board of directors. [13]

Open Philanthropy

Karnofsky was CEO and then co-chief executive officer of Open Philanthropy, a research and grantmaking foundation whose main funders are Cari Tuna and Dustin Moskovitz. [14] Open Philanthropy is an outgrowth of GiveWell Labs, a collaboration of GiveWell and Good Ventures for more speculative giving. [15] [16] [17] As of August 2019, Open Philanthropy has made around 650 grants to over 370 unique organizations, disbursing a total of $857 million. [18]

In 2023, Karnofsky first took a leave of absence from his co-CEO role and then moved to a new role as Director of AI Strategy. [1]

Personal life

Karnofsky is married to Daniela Amodei, a former OpenAI employee who co-founded Anthropic, a company that has developed Claude 2, an alternative to ChatGPT. [19]

Views

Karnofsky identifies with the ideas of effective altruism and has both represented and engaged with the effective altruist community. Earlier in his career, Karnofsky said he subscribed to a consequentialist moral framework that hoped to "give people more power to live the life they want to live". In recent years, he has written about the importance of extending empathy to all beings deserving of moral consideration, even when it is unusual or seems strange to do so. [20] He believes that it is important for GiveWell to increase the racial and gender diversity of its employees, towards which the organization has taken steps. [21]

He has debated other nonprofit leaders on the importance of field visits, which he believes are important but not sufficient in evaluating the effectiveness of charitable programs. [22]

In August 2014, after the William and Flora Hewlett Foundation announced the end of its Nonprofit Marketplace Initiative (one of GiveWell's major early funders), Karnofsky wrote a post on the GiveWell blog offering his thoughts on the program, informed by his experience as a recipient of its largesse. [23] The Hewlett Foundation responded in a comment on the post, and Jacob Harold responded on the GuideStar blog. [24]

Karnofsky has shared his thoughts on altruistic career choice and elaborated on Open Philanthropy's approach to cause prioritization in an interview with Robert Wiblin for the 80,000 Hours podcast [25] as well as elsewhere. [26] [27] [28]

Related Research Articles

The William and Flora Hewlett Foundation, commonly known as the Hewlett Foundation, is a private foundation, established by Hewlett-Packard cofounder William Redington Hewlett and his wife Flora Lamson Hewlett in 1966. The Hewlett Foundation awards grants to a variety of liberal and progressive causes.

<span class="mw-page-title-main">Charity Navigator</span> Charity assessment organization that evaluates charitable organizations in the U.S.

Charity Navigator is a charity assessment organization that evaluates hundreds of thousands of charitable organizations based in the United States, operating as a free 501(c)(3) organization. It provides insights into a nonprofit's financial stability, adherence to best practices for both accountability and transparency, and results reporting. It is the largest and most-utilized evaluator of charities in the United States. It does not accept any advertising or donations from the organizations it evaluates.

GiveWell is an American non-profit charity assessment and effective altruism-focused organization. GiveWell focuses primarily on the cost-effectiveness of the organizations that it evaluates, rather than traditional metrics such as the percentage of the organization's budget that is spent on overhead.

Candid is an information service specializing in reporting on U.S. nonprofit companies. In 2016, its database provided information on 2.5 million organizations. It is the product of the February 2019 merger of GuideStar with Foundation Center.

<span class="mw-page-title-main">Dustin Moskovitz</span> American billionaire internet entrepreneur (born 1984)

Dustin Aaron Moskovitz is an American billionaire internet entrepreneur who co-founded Facebook, Inc. with Mark Zuckerberg, Eduardo Saverin, Andrew McCollum and Chris Hughes. In 2008, he left Facebook to co-found Asana with Justin Rosenstein. In March 2011, Forbes reported Moskovitz to be the youngest self-made billionaire in the world, on the basis of his then 2.34% share in Facebook. As of October 2023, his net worth is estimated at US$18.0 billion by the Bloomberg Billionaires Index.

GiveDirectly is a nonprofit organization operating in East Africa that helps families living in extreme poverty by making unconditional cash transfers to them via mobile phone. GiveDirectly transfers funds primarily to people in Kenya, Uganda, and Rwanda.

Good Ventures is a private foundation and philanthropic organization in San Francisco, and the fifth largest foundation in Silicon Valley. It was co-founded by Cari Tuna, a former Wall Street Journal reporter, and her husband Dustin Moskovitz, one of the co-founders of Facebook. Good Ventures adheres to principles of Effective Altruism and aims to spend most or all of its money before Moskovitz and Tuna die. Good Ventures does not have any full-time staff, and instead distributes grants according to recommendations from Open Philanthropy.

The Center for High Impact Philanthropy (CHIP) is a center at the School of Social Policy and Practice at the University of Pennsylvania in the United States focused on high impact philanthropy, both in the US and internationally. The Center translates the best available evidence in areas such as education and early childhood development, disaster relief, poverty, democracy, and public health into actionable guidance and educational programs for those looking to make a difference with their giving.

The Mulago Foundation is a private foundation focused on high impact philanthropy: investing in charities and philanthropic opportunities that have the highest impact. The foundation was originally envisioned by Rainer Arnhold, a San Francisco pediatrician and philanthropist, who taught at Mulago Hospital, Uganda. The foundation was officially created by his brother Henry Arnhold after Rainer Arnhold's death in 1993.

Effective altruism is a 21st-century philosophical and social movement that advocates "using evidence and reason to figure out how to benefit others as much as possible, and taking action on that basis". People who pursue the goals of effective altruism, sometimes called effective altruists, may choose careers based on the amount of good that they expect the career to achieve or donate to charities based on the goal of maximising positive impact. They may work on the prioritization of scientific projects, entrepreneurial ventures, and policy initiatives estimated to save the most lives or reduce the most suffering.

The Silicon Valley Community Foundation (SVCF) is a donor-advised community foundation serving the Silicon Valley region. It is the largest charitable foundation in Silicon Valley.

<span class="mw-page-title-main">The Bridgespan Group</span>

The Bridgespan Group is a U.S. nonprofit organization in Boston, Massachusetts that provides management consulting to nonprofits and philanthropists. In addition to consulting, Bridgespan makes case studies freely available on its website and publications.

<span class="mw-page-title-main">Development Media International</span>

Development Media International (DMI) is a non-governmental organization with both non-profit and for-profit arms that "use[s] scientific modelling combined with mass media campaigns in order to save the greatest number of lives in the most cost-effective way".

<span class="mw-page-title-main">Founders Pledge</span> English charitable non-profit

Founders Pledge is a London-based charitable initiative, where entrepreneurs commit to donate a portion of their personal proceeds to charity when they sell their business. Inspired by effective altruism, the mission of Founders Pledge is to "empower entrepreneurs to do immense good".

The Nonprofit Marketplace Initiative (NMI) was an initiative of the Effective Philanthropy Group of the Hewlett Foundation launched in 2006. Its closure was announced in the Chronicle of Philanthropy in April 2014.

Open Philanthropy is a research and grantmaking foundation that makes grants based on the doctrine of effective altruism. It was founded as a partnership between GiveWell and Good Ventures. Its current chief executive officer is Alexander Berger, and its main funders are Cari Tuna and Dustin Moskovitz. Dustin says that their wealth, worth $11 billion, is "pooled up around us right now, but it belongs to the world. We intend not to have much when we die."

<span class="mw-page-title-main">Cari Tuna</span> American nonprofit businessperson and former journalist

Cari Tuna is an American nonprofit businessperson. Formerly a reporter for The Wall Street Journal, she co-founded and works for the organizations Open Philanthropy and Good Ventures.

Charity assessment is the process of analysis of the goodness of a non-profit organization in financial terms. Historically, charity evaluators have focused on the question of how much of contributed funds are used for the purpose(s) claimed by the charity, while more recently some evaluators have placed an emphasis on the cost effectiveness of charities.

An exit grant is a grant made with the clear expectation that the donor will not make any further similar grants to the donee.

References

  1. 1 2 "Alexander Berger is now sole CEO of Open Philanthropy".
  2. "Holden Karnofsky '03". Committee on Degrees in Social Studies. Archived from the original on 2020-07-25. Retrieved 2021-09-08.
  3. Krug, Laura L. (2003-05-14). "Class Day Speakers Chosen to Provoke Laughter, Thought". The Harvard Crimson. Archived from the original on 2023-03-22. Retrieved 2021-09-08.
  4. Roose, Kevin (2011-04-08). "Pursuing Self-Interest in Harmony With the Laws of the Universe and Contributing to Evolution Is Universally Rewarded". New York Magazine. Archived from the original on 2022-10-31. Retrieved 2021-09-08.
  5. Forsyth, Randall (December 5, 2006). "Tis the Season -- to Spend Our Way to Wealth? As the economy depends on consumers like never before, their sources of spending are dwindling". Barron's . Retrieved August 4, 2015.
  6. 1 2 Strom, Stephanie (December 20, 2007). "2 Young Hedge-Fund Veterans Stir Up the World of Philanthropy". New York Times . Retrieved August 4, 2015.
  7. Strom, Stephanie (January 8, 2008). "Founder of a Nonprofit Is Punished by Its Board for Engaging in an Internet Ruse". New York Times . Retrieved August 4, 2015.
  8. Strom, Stephanie (January 15, 2008). "Nonprofit Punishes a 2nd Founder for Ruse". New York Times . Retrieved August 4, 2015.
  9. Kamenetz, Anya (May 1, 2008). "When the Giving Gets Tough. A nonprofit startup set itself up as a watchdog — then showed how easy it is to lose your own credibility". Fast Company . Retrieved August 4, 2015.
  10. Holden (2012-06-28). "GiveWell and Good Ventures".
  11. "Impact". GiveWell.
  12. Heishman, Tyler (May 13, 2016). "GiveWell's money moved and web traffic in 2015". GiveWell. Retrieved May 14, 2016.
  13. Europa Publications, ed. (2020-08-16). "GiveWell—The Clear Fund". The Europa International Foundation Directory 2020. Routledge. ISBN   978-1-000-28768-4.
  14. "Who We Are". Open Philanthropy. 2015-03-26. Retrieved 2021-08-21.
  15. "Team: Holden Karnofsky". Open Philanthropy Project. Retrieved June 29, 2019.
  16. Matthews, Dylan (April 24, 2015). "You have $8 billion. You want to do as much good as possible. What do you do?". Vox. Retrieved March 19, 2016.
  17. Karnofsky, Holden (August 20, 2014). "Open Philanthropy Project (formerly GiveWell Labs)". GiveWell . Retrieved June 29, 2019.
  18. "Grants Database". Open Philanthropy Project. Retrieved 19 September 2019.
  19. Wiggers, Kyle (November 21, 2023). "A brief look at the history of OpenAI's board".
  20. Karnofsky, Holden (February 16, 2017). "Radical Empathy". Open Philanthropy Project . Retrieved June 29, 2019.
  21. Matthews, Dylan (April 24, 2015). "You have $8 billion. You want to do as much good as possible. What do you do?". Vox . Retrieved August 4, 2015.
  22. Karnofsky, Holden (March 20, 2014). "Big Impact vs. Big Promises. Many charities claim more impact than cash transfers. How many deliver?". Stanford Social Innovation Review . Retrieved August 4, 2015.
  23. Karnofsky, Holden (August 5, 2014). "Thoughts on the End of Hewlett's Nonprofit Marketplace Initiative". GiveWell . Retrieved August 5, 2015.
  24. Harold, Jacob (August 5, 2014). "Dialogue about the Hewlett Foundation's Nonprofit Marketplace Initiative". GuideStar . Retrieved August 5, 2015.
  25. Wiblin, Robert (February 27, 2018). "Holden Karnofsky, founder of GiveWell, on how philanthropy can have maximum impact by taking big risks". 80,000 Hours . Retrieved June 29, 2019.
  26. Hurford, Peter (October 11, 2013). "My Careers Conversation with Holden Karnofsky" . Retrieved August 4, 2015.
  27. Karnofsky, Holden (January 23, 2014). "Conference Call on Altruistic Career Choice - January 2014". GiveWell . Retrieved August 4, 2015.
  28. Karnofsky, Holden (June 5, 2021). "My current impressions on career choice for longtermists" . Retrieved November 10, 2021.