June 24, 2024

The Value of Saving Lives

Elie Hassenfeld Q&A: ‘$5,000 to Save a Life Is a Bargain’

Elie Hassenfeld Q&A: ‘$5,000 to Save a Life Is a Bargain’

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Elie Hassenfeld Q&A: ‘$5,000 to Save a Life Is a Bargain’

Elie Hassenfeld Q&A: ‘$5,000 to Save a Life Is a Bargain’

Elie Hassenfeld is a co-founder of the charity evaluator GiveWell, which helps donors decide where to allocate their philanthropic funds for maximum impact. In a recent interview, Hassenfeld shared his thoughts on the cost-effectiveness of saving lives through charitable giving.

Q: Why do you believe that $5,000 to save a life is a bargain?

A: At GiveWell, we evaluate charities based on their cost-effectiveness in saving lives. We have found that some of the most effective charities can save a life for as little as $5,000. When you consider the incredible impact that saving a life can have on the individual and their community, $5,000 is a relatively small price to pay.

Q: How does GiveWell determine which charities are the most cost-effective?

A: We conduct rigorous research and analysis to identify charities that have a proven track record of saving lives and improving the well-being of those in need. We look at factors such as the cost per life saved, the quality of the charity’s programs, and the level of transparency and accountability demonstrated by the organization.

Q: What advice do you have for donors who want to make a meaningful impact with their charitable giving?

A: I would encourage donors to do their research and carefully consider the cost-effectiveness of the charities they support. Look for organizations that have a solid track record of success and a clear plan for how they will use your donation to make a difference. By giving thoughtfully and strategically, you can maximize the impact of your philanthropic dollars and help save lives in the most cost-effective way possible.