Founders Pledge
Patient Philanthropy Fund
The Patient Philanthropy Fund invests contributions and will deploy funds when they are needed most to safeguard and improve the long-term future.
What problem is the Patient Philanthropy Fund working on?
The Patient Philanthropy Fund takes a patient approach to philanthropy: it invests contributions until the time is optimal for it to make large grants aimed at improving the long-term future.
In addition to identifying the highest-impact giving opportunities at any particular point in time, it aims to identify the point in time when the highest-impact opportunities are available — which may be years, decades, or even centuries ahead.
What projects does the Patient Philanthropy Fund support?
The Fund is currently incubated as a special trust within Founders For Good (the Founders Pledge UK entity). It is managed by a committee consisting of purpose-aligned experts on timing of giving. Its aim is to further develop and grow the Fund over the coming 10 years and eventually spin it out as a separate charitable entity.
Accumulated contributions will be transferred to the Fund at least once a year in January, or whenever more than $100,000 in contributions has accumulated. Funds are only invested once they are transferred to the Patient Philanthropy Fund.
See the Fund webpage for more information about the giving strategy and plans for the future.
What information does Giving What We Can have about the cost-effectiveness of the Patient Philanthropy Fund?
We previously included the Patient Philanthropy Fund on our list of recommendations because it is managed by the impact-focused evaluator Founders Pledge. We’ve since updated our recommendations to reflect only funds managed by grantmakers we’ve looked into as part of our 2023 evaluator investigations; while we expect to soon look into Founders Pledge as part of this more in-depth evaluator research, we haven’t yet. As such, we don't currently include this fund as one of our recommended programs but you can still donate to it via our donation platform.
Please note that GWWC does not evaluate individual charities. Our recommendations are based on the research of third-party, impact-focused charity evaluators our research team has found to be particularly well-suited to help donors do the most good per dollar, according to their recent evaluator investigations. Our other supported programs are those that align with our charitable purpose — they are working on a high-impact problem and take a reasonably promising approach (based on publicly-available information).
At Giving What We Can, we focus on the effectiveness of an organisation's work -- what the organisation is actually doing and whether their programs are making a big difference. Some others in the charity recommendation space focus instead on the ratio of admin costs to program spending, part of what we’ve termed the “overhead myth.” See why overhead isn’t the full story and learn more about our approach to charity evaluation.