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August 03, 2015

Facebook Co-Founder's Foundation Awards $25 Million to GiveDirectly

The foundation started by the Facebook co-founder Dustin Moskovitz and his wife, Cari Tuna, awarded $25 million to GiveDirectly, a nonprofit that makes cash transfers directly to extremely poor individuals and households in Kenya and Uganda, Forbes reports.

The cash transfers, typically about $1,000 each, are processed through mobile phones, bypassing typical aid programs and institutions that may not be as responsive to the immediate needs of those who benefit.

About $16 million to $19 million will support the direct cash transfers and the organization’s ability to partner with international aid agencies. The rest of the money will be used to help the nonprofit build up it’s fundraising and marketing team over three to four years.

 

In their philanthropy, Mr. Moskovitz and Ms. Tuna are proponents of the "effective altruism" movement, which relies heavily on data to help achieve the greatest impact in charity efforts.