According to The Chronicle of Philanthropy's Caroline Preston, "Some advice for nonprofits that want a piece of the Facebook fortune: Get yourself on GiveWell‘s list of effective charities."

A new foundation called Good Ventures, started by Facebook Co-founder Dustin Moskovitz, is donating money to charities recommended by GiveWell. For those of you who have been following GiveWell's charity evaluation, they rated IPA as a top 8 "standout organization" for donations.

Excerpt:

[GiveWell board member Cari Tuna] wrote in a blog post last month that Good Ventures would donate $500,000 to the Against Malaria Foundation and $250,000 to the Schistosomiasis Control Initiative, the No. 1 and No. 2 charities as ranked by GiveWell.

Other nonprofits on GiveWell's list of “standout” organizations—GiveDirectly, Innovations for Poverty Action, KIPP Houston, Nyaya Health, Pratham, and the Small Enterprise Foundation—would get money from Good Ventures in the coming months, Ms. Tuna wrote.

[...]

“One simple idea—that all donors should be at least as thoughtful about our philanthropic investments as we are about our financial investments—has transformed the way I think about giving,” she says.

Check out the full article here.