There is no cashing out of the money to GiveWell. At no point will you go to it and find out how much good it has done (easily). If it turns out GiveWell did poorly all you have is the opportunity of having donated to another charity which also probably isn’t reporting its successes objectively.
For a fund, you have skin in the game. You make plans like retirement/housing/yacht where the value has to be going up or if not going up you have to alter your plans. This puts it on a different mental level.
There is no cashing out of the money to GiveWell. At no point will you go to it and find out how much good it has done (easily). If it turns out GiveWell did poorly all you have is the opportunity of having donated to another charity which also probably isn’t reporting its successes objectively.
For a fund, you have skin in the game. You make plans like retirement/housing/yacht where the value has to be going up or if not going up you have to alter your plans. This puts it on a different mental level.
As far as I understand the EA funds there’s no cashing out of the money that’s donated to them.
Sorry misread this thread (thought it was talking about investment funds).