Raising for Effective Giving

Raising for Effective Giving

Logo as of May 2016
Abbreviation REG
Formation 3 July 2014
Founders Liv Boeree, Igor Kurganov, Philipp Gruissem, Effective Altruism Foundation
Founded at 2014 World Series of Poker in Las Vegas, United States
Type Charity fundraiser, NGO
Parent organization
 Effective Altruism Foundation
Website reg-charity.org

Raising for Effective Giving (REG) is a charity fundraising nonprofit. Its members consist mostly of professional poker players and financial investors who pledge to donate a percentage of their income to selected charities.[1][2]

Philosophy

REG was co-founded by professional poker player Liv Boeree and philosopher Adriano Mannino, based on the view that in order to reduce suffering in the developing world, people in the developed world should donate to particularly effective charity organizations. REG donates to, and recommends, selected charities based on their cost-effectiveness. One criterion in the cost-effectiveness evaluations is how much money the charity requires to save a life.[3] To fulfill the requirements of the pledge, members may donate to REG, certain global poverty organizations, certain animal welfare organizations, or certain "meta-charities" such as REG's parent organization and affiliates.[4]

REG's outreach focuses on professional poker players, because it believes that they have strong quantitative skills, making them better suited for REG's messages about cost-effectiveness.[3][5] In addition, poker is a large industry with substantial monetary prizes.[6]

Activities

There are 87 members of REG, who have each pledged to donate at least 2% of their income.[7] Members donated approximately $400,000 in 2014 and approximately $600,000 in 2015.[8][9][10][11][12] Recipients included The Against Malaria Foundation, The Machine Intelligence Research Institute (MIRI), The Center for Applied Rationality (CFAR), GiveDirectly, GiveWell, The Humane League, Mercy For Animals, The Great Ape Project, and The Nonhuman Rights Project.

REG members wear patches with the name of the organization at poker tournaments, to advertise their commitment to donate their winnings.[3][13] Two REG members, Martin Jacobson and Jorryt van Hoof, were among the November Nine that played at the World Series of Poker Main Event final table.[14] Jacobson placed first, earning him the title of poker world champion and winning $10,000,000, of which $250,000 was subsequently donated through REG.[15]

International coverage and reception

Additional coverage within the international poker community includes Bluff Europe,[16][17] PokerNews,[18][19][20] and the PokerStars blog,[21] among others.

Professional poker player Rupert Elder argued on his blog that it may be better to leave money for charity in one's will, instead of donating now, as REG recommends.[22] REG subsequently responded to Elder on their website.[23][24]

References

  1. ↑ "Raising for Effective Giving". Retrieved 8 September 2014.
  2. ↑ "Poker and Charity: Raising for Effective Giving (REG)". twoplustwo.com. Retrieved 8 September 2014.
  3. 1 2 3 Goldstein, Jacob (24 December 2014). "Poker Players Use Science To Effectively Give To Charities". NPR. Retrieved 13 May 2016.
  4. ↑ "Raising for Effective Giving - Charities". Raising for Effective Giving. Retrieved 6 June 2016.
  5. ↑ Mittag, Sebastian (1 May 2015). "Rumprassen ist nicht mein Ding" (in German). Sport1 Germany. Retrieved 13 May 2016.
  6. ↑ Mittag, Sebastian (26 August 2015). "Sie könnten versuchen zu flirten" (in German). Sport1. Retrieved 13 May 2016.
  7. ↑ Zürcher, Christian (15 November 2014). "Die Robin Hood des Pokers" (in German). Tages-Anzeiger. Retrieved 19 May 2016.
  8. ↑ Pulver, Tobias (29 April 2015). "Report on money moved Q1 2015". Raising for Effective Giving. Retrieved 25 April 2016.
  9. ↑ Pulver, Tobias (16 September 2015). "REG report on money moved Q2 2015". Raising for Effective Giving. Retrieved 25 April 2016.
  10. ↑ Capelle, Jan Dirk (18 February 2016). "REG second semi-annual report on money moved". Raising for Effective Giving. Retrieved 25 April 2016.
  11. ↑ Pulver, Tobias (23 December 2014). "REG report on money moved Q3 2014". Raising for Effective Giving. Retrieved 25 April 2016.
  12. ↑ Pulver, Tobias (18 February 2015). "REG report on money moved Q4 2014". Raising for Effective Giving. Retrieved 25 April 2016.
  13. ↑ Rinkemo, Remka (8 November 2014). "Unlucky Timing for Van Hoof". ESPN. Retrieved 13 May 2016.
  14. ↑ Fast, Erik. "Meet The 2014 World Series of Poker November Nine". cardplayer.com. Retrieved 23 November 2014.
  15. ↑ "Martin Jacobson Wins the 2014 World Series of Poker Main Event for $10,000,000!". pokernews.com. Retrieved 23 November 2014.
  16. ↑ "Raising for Effective Giving". BLUFF Europe. 3 September 2014. Retrieved 13 May 2016.
  17. ↑ "Pros Make Donating +EV". www.bluffeurope.com. Retrieved 7 October 2014.
  18. ↑ "EPT10 Grand Final: Giving Back to Gain More". www.pokernews.com. Retrieved 4 October 2014.
  19. ↑ "PokerNews Podcast Episode #237 feat. Philipp Gruissem and Igor Kurganov". Retrieved 4 October 2014.
  20. ↑ "The Big One For One Drop: Philipp Gruissem the Favorite?". Retrieved 4 October 2014.
  21. ↑ Willis, Brad (11 May 2016). "SCOOP champion Alm Wilson on effective altruism". PokerStars blog. Retrieved 13 May 2016.
  22. ↑ Elder, Rupert (30 August 2014). "Effective giving". RupertElder. Retrieved 13 May 2016.
  23. ↑ Helm, Louie. "Charity Effectiveness and Giving Now vs. Giving Later: A Reply to Rupert Elder". reg-charity.org. Retrieved 7 October 2014.
  24. ↑ Mannino, Adriano; Gloor, Lukas. "The case for giving now: A reply to Rupert Elder". Raising for Effective Giving. Retrieved 23 November 2014.
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