- Philanthropies often give away their money to projects without really knowing if they are successful.
- Microloans, for instance, are not effective at increasing income on average for the poorest people on the planet.
- Social scientists have begun to marshal the tools of big data to find out what works and what doesn’t. The goal is to turn philanthropy into a science, where money gets directed to programs for which there is strong evidence of their social effectiveness.
Read more at Scientific American