Monday, June 10, 2013

Money Direct to the World's Poor

Chris Hughes, who co-founded Facebook has joined other prominent Silicon Valley figures in supporting GiveDirectly, which advocates making no-strings-attached cash payments to the world’s poorest people, writes Forbes.

GiveDirectly's standard is to "put at least 90% of every donated dollar in the hands of the poor.. Do one, easy-to-understand thing with every donated dollar; do it ourselves without subcontractors; and clearly explain what it costs to do it...Empower the poor to set their own priorities," notes the website.

“Instead of building hospitals, why don’t we just give poor people money? Research shows it’s effective,”  Hughes told Forbes.

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