Raising for Effective Giving

Raising for Effective Giving
Founded July 3, 2014
Focus Philanthropy, Poker, Effective altruism, Effective giving
Area served
 Worldwide
Liv Boeree, Renae Garcia, Lukas Gloor, Philipp Gruissem, Stefan Huber, Igor Kurganov, Adriano Mannino
Slogan The action is on you
Website reg-charity.org

Raising for Effective Giving (REG) is a Swiss charity organization. Its members consist mostly of professional poker players (and to a lesser extent, financial investors) who pledge who donate 2% of their income to selected charities on a quarterly basis.[1][2] A part of the effective altruism movement, REG channels its donations toward charities whose philanthropic impact is considered by the organization to be significantly more cost-effective[3] than other charities.[4][5][6]

Background

REG was founded by several poker professionals and members of the Effective Altruism Foundation (formerly GBS Switzerland),[7] a Swiss philanthropic think tank,[8] on July 3 during the 2014 World Series of Poker in Las Vegas.[9]

Transparency

REG currently publishes semi-annual reports on its financial activities and donations.[10][11]

Period Money moved in USD (not adjusted for inflation) Additional notes
Q3 & Q4 2015 382,755[12] Notable donation recipients included The Machine Intelligence Research Institute (MIRI), Against Malaria Foundation, Animal Ethics, REG and its parent foundation, the Effective Altruism Foundation (EAF), and the Great Ape Project.[12]
Q2 2015 158,088[13] $100,000 were raised through a matching challenge, with the remaining $58,088 coming from regular donations. These were again allocated according to donor preferences and decisions made by REG. Notable recipients included The Machine Intelligence Research Institute (MIRI), The Center for Applied Rationality (CFAR), GiveDirectly, Animal Ethics, New Incentives, Nonhuman Rights Project, REG and its parent organization, the Effective Altruism Foundation (EAF).[13]
Q1 2015 56,985[14] 49.2% of donations were restricted to specific charities; remaining 50.8% distributed evenly between selected charities and meta-charities.[14]
Q4 2014 369,053[15] 94.5% of donations were restricted by the donors to specific charities, with REG allocating each half of the remaining 5.5% to selected charities and meta-charities. Significant increase mainly attributed to Christmas/end-of-year peak in donations, and REG member Martin Jacobson placing 1st in the 2014 World Series of Poker.[15]
Q3 2014 37,873[16] 59.7% of donations were restricted by donors to specific charities, while the remaining 40.3% were split evenly by REG between selected charities and meta-charities.[16]

As of December 2015, REG had raised a total of over $1,000,000 for its supported causes.[17]

International coverage and reception

REG has received widespread coverage within the international poker community, including Bluff Europe,[7][18] PokerNews,[19][20][21] CalvinAyre,[9][22][23] PokerListings,[24][25] PokerTube,[26] the PokerStars blog,[27][28] Poker Update,[29] Poker.co.uk[30][31] and Pokerfuse,[32] among others. Several well known poker professionals, such as Daniel Negreanu,[30][33][34][35] have mentioned REG in blogs[27][28][36] and on social media.

Two REG members, Martin Jacobson[37][38][39] and Jorryt van Hoof,[40] were among the November Nine that played at the World Series of Poker Main Event final table.[41] Jacobson placed first, thus winning $10,000,000 and earning the title of poker world champion, while van Hoof placed third and won over $3,800,000.[42]

Criticism

Professional poker player Rupert Elder wrote on his blog arguing that it may be better to leave money for charity in one's will, instead of donating now, as REG recommends.[36] REG subsequently responded to Elder on their website.[43][44]

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. ↑ "Effective Giving". Retrieved 8 September 2014.
  4. ↑ "Your Dollar Goes Further Overseas". GiveWell.
  5. ↑ Learnvest, "Why Your Charitable Donations Probably Aren't Doing Much Good", Forbes, December 14, 2012
  6. ↑ Mannino, Adriano. "Giving locally vs. globally: Where can we do the most good?". reg-charity.org. Retrieved 23 November 2014.
  7. 1 2 "Raising for Effective Giving". BLUFF Europe. Retrieved 8 September 2014.
  8. ↑ "About us". effectivealtruismfoundation.org. Retrieved 25 November 2015.
  9. 1 2 Davy, Lee. "IGOR KURGANOV: USING POKER TO MAKE A DIFFERENCE IN THE WORLD". calvinayre.com. Retrieved 8 September 2014.
  10. ↑ "Reports on money moved". http://reg-charity.org/. Retrieved 24 May 2015. External link in |website= (help)
  11. ↑ Davy, Lee. "Trying to Make the World a Better Place With REG Co-Founder Adriano". Retrieved 24 May 2015.
  12. 1 2 Capelle, Jan Dirk (18 February 2016). "REG second semi-annual report on money moved". Raising for Effective Giving. Retrieved 25 April 2016.
  13. 1 2 Pulver, Tobias (16 September 2015). "REG report on money moved Q2 2015". Raising for Effective Giving. Retrieved 25 April 2016.
  14. 1 2 Pulver, Tobias (29 April 2015). "Report on money moved Q1 2015". Raising for Effective Giving. Retrieved 25 April 2016.
  15. 1 2 Pulver, Tobias (18 February 2015). "REG report on money moved Q4 2014". Raising for Effective Giving. Retrieved 25 April 2016.
  16. 1 2 Pulver, Tobias (23 December 2014). "REG report on money moved Q3 2014". Raising for Effective Giving. Retrieved 25 April 2016.
  17. ↑ [hhttp://reg-charity.org/reg-has-officially-raised-1mm-for-highly-effective-charities/ "REG has officially raised $1,000,000 for highly effective charities!"]. http://reg-charity.org/. Retrieved 1 March 2016. External link in |website= (help)
  18. ↑ "Pros Make Donating +EV". www.bluffeurope.com. Retrieved 7 October 2014.
  19. ↑ "EPT10 Grand Final: Giving Back to Gain More". www.pokernews.com. Retrieved 4 October 2014.
  20. ↑ "PokerNews Podcast Episode #237 feat. Philipp Gruissem and Igor Kurganov". Retrieved 4 October 2014.
  21. ↑ "The Big One For One Drop: Philipp Gruissem the Favorite?". Retrieved 4 October 2014.
  22. ↑ Davy, Lee. "CONFESSIONS OF A POKER WRITER: DONATING TO THE REG CHARITY". calvinayre.com. Retrieved 4 October 2014.
  23. ↑ Davy, Lee. "PHILIPP GRUISSEM: THE YOUNG INFLUENCER". calvinayre.com. Retrieved 7 October 2014.
  24. ↑ "Boeree, Gruissem, Kurganov Explain New Poker Charity REG". www.pokerlistings.com. Retrieved 4 October 2014.
  25. ↑ Davy, Lee. "The Success Principles of Poker: Be Clear Why You Are Here". www.pokerlistings.com. Retrieved 4 October 2014.
  26. ↑ "Igor Kurganov PokerTube Interview". www.pokertube.com. Retrieved 4 October 2014.
  27. 1 2 Boeree, Liv. "Fulfilling the higher calling". www.pokerstarsblog.com. Retrieved 4 October 2014.
  28. 1 2 Shahade, Jennifer. "Poker and giving: REG-Fest at the WSOP". www.pokerstarsblog.com. Retrieved 4 October 2014.
  29. ↑ Davy, Lee. "What Raising for Effective Giving Can Teach us About Promoting Poker as a Sport". www.pokerupdate.com. Retrieved 5 October 2014.
  30. 1 2 Willis, Max. "Boeree, Gruissem, Kurganov Team Up For Charity". www.poker.co.uk. Retrieved 4 October 2014.
  31. ↑ Willis, Max. "Boeree And Shahade Blog On Effective Giving". www.poker.co.uk. Retrieved 5 October 2014.
  32. ↑ "Poker Players Give to Charities Through "Raising for Effective Giving"". pokerfuse.com. Retrieved 5 October 2014.
  33. ↑ Negreanu, Daniel. "Making A Difference". www.fullcontactpoker.com. Retrieved 4 October 2014.
  34. ↑ "Daniel Negreanu Exclusive Interview". pokertube.com. Retrieved 23 November 2014.
  35. ↑ "DANIEL NEGREANU’S HALL OF FAME ACCEPTANCE SPEECH". f5poker.com. Retrieved 23 November 2014.
  36. 1 2 Elder, Rupert. "Effective Giving". www.rupertelder.com. Retrieved 4 October 2014.
  37. ↑ Rodriguez, Julio. "Martin Jacobson Discusses His 2014 World Series of Poker Main Event Win". cardplayer.com. Retrieved 23 November 2014.
  38. ↑ Zürcher, Christian. "Die Robin Hoods des Pokers". tagesanzeiger.ch. Retrieved 23 November 2014.
  39. ↑ "Beviset: Ger bort miljoner". aftonbladet.se. Retrieved 23 November 2014.
  40. ↑ "Big win for charity at WSOP Main Event 2014!". reg-charity.org. Retrieved 23 November 2014.
  41. ↑ Fast, Erik. "Meet The 2014 World Series of Poker November Nine". cardplayer.com. Retrieved 23 November 2014.
  42. ↑ "Martin Jacobson Wins the 2014 World Series of Poker Main Event for $10,000,000!". pokernews.com. Retrieved 23 November 2014.
  43. ↑ Helm, Louie. "Charity Effectiveness and Giving Now vs. Giving Later: A Reply to Rupert Elder". reg-charity.org. Retrieved 7 October 2014.
  44. ↑ 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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