MUNCH Charity Spotlight: GiveWell

Continuing our life-saving partnership

GiveWell optimizes giving back for maximum impact

A core principle of MUNCH is that the community should choose the cause we support. Yet, when MUNCH was born, we didn’t have the community we have now to help us make that choice.

We had to find a charity that represented our principles and would set the highest standard for our charity selection procedure. As an aggregator, GiveWell is a center of meticulous research that picks the most effective charities for donations to go to.

As we will give power of choice to the community, we felt it was right to start life with a project that helps people make better decisions about donations and sets standards for accountability and trust in the industry.

GiveWell is an independent nonprofit focused on helping people do as much good as possible with their donations.

GiveWell uses its research platform to select a shortlist of top charities and directs funds to them. There are no fees taken from donations directed to these charities, nor does GiveWell receive any fees from charities for being featured on their site.

This model helps multiple causes receive a diverse base of support, which provides stability for charities to plan and grow.

GiveWell was selected by MUNCH because effectiveness, cost-effectiveness, and transparency are the foundation of their core beliefs and also the same principles that MUNCH was founded on. Partnering with GiveWell enabled the community to choose the fund where the funds are allocated, with the community deciding on the Maximum Impact fund.

Since our launch, just over one month ago, MUNCH has contributed over 690 ETH (sold for over $2 million) that is already going to help people.

By going to the Maximum Impact, GiveWell’s research suggests that this money will go towards saving over 600 lives.

So far, all MUNCH community contributions have been allocated to GiveWell’s Maximum Impact fund. If the community wishes to keep supporting GiveWell, there are also options to support other causes covered by GiveWell.

Funds generated by the MUNCH community can also be allocated to:

Against Malaria Foundation. Malaria kills over 400,000 people annually, mostly children under 5 in sub-Saharan Africa. Nets save lives. Participants hang the nets and sleep under them so they are not bitten by malaria-carrying mosquitoes.

New Incentives. In Nigeria, 43% of infants did not receive all recommended childhood vaccines in 2019. This program provides cash transfers to incentivize caregivers to bring babies to clinics for routine childhood vaccinations. It operates in northwest Nigeria.

The money generated can be assigned to or split between GiveWell’s causes.

As well as the press promotion issued by GiveWell to acknowledge and thank to our community for their contribution, Head of Growth at GiveWell, Ben Bateman recorded a video to connect with us directly:

https://www.youtube.com/watch?v=iNB8mCGpmwI

GiveWell has and continues to do, a tremendous amount of good for a tremendous of people. The research and due diligence applied means that you can be sure every cent of a MUNCH donation is used where it will have the biggest impact.

If you would like to make GiveWell your cause for the month, you will be able to vote for them and the mission they use the funds for.

MUNCHPROJECT.io is a decentralized and community-owned currency, with a deflationary model that gives back to the community.