Facebook’s Mark Zuckerberg leads new approach to philanthropy — FT.com

Its good to see www.givewell.org getting the coverage, it to came from facebook, via its other founder and his efforts and backing through the Good Foundation:




Facebook’s Mark Zuckerberg leads new approach to philanthropy — FT.com




".............Other Silicon Valley philanthropists to have set up LLCs include Laurene Powell Jobs, wife of the late Apple chief executive Steve Jobs, and Dustin Moskovitz, Mr Zuckerberg’s co-founder at Facebook. Their emergence coincides with increased interest in “impact investing”, which aims to produce a social good as well as an investment return.

Mr Moskovitz and his wife, Cari Tuna, also plan to give the vast bulk of their Facebook fortune away in their lifetime, and have made for-profit investments in artificial intelligence, grants to promote immigration reform and support for homelessness charities.

Silicon Valley is approaching philanthropy the way that tech entrepreneurs take on any challenge: using data and trial and error tactics — A/B testing in an engineer’s language — to come up with ambitious and at times unusual answers to perennial problems. Sean Parker, an early investor in Facebook, who set up his own foundation earlier this year, called it “hacker philanthropy”.

Mr Moskovitz and Ms Tuna have supported work by a venture called GiveWell to rank the impact of different potential investments or grants. “There are really strong arguments for giving as soon as we can, balanced against our knowing that the more we learn, the better we’ll get at this,” Ms Tuna said. “We are trying to share as much as we can about what we are doing and what we are learning for the benefit of other people who are trying to learn, too.”.............."