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Support the Glo Foundation as a Founding Donor. Donations will be doubled.

GiveDirectly is the organization we will donate to.

They do the actual work of providing basic income. GiveDirectly identifies recipients living in extreme poverty and sends them money on a monthly basis.

by
Seth
Green
September 8, 2022
Philanthropy
Effective altruism

GiveDirectly is a charity that gives money, no strings attached, to people living in poverty. The Glo Foundation donates all money it earnsfrom the Glo Dollar to GiveDirectly’s basic income program.

This program gives everyone in a specific village $34/month, transferred via mobile money technology, for 3-5 years. For people living on less than $2/day this is transformational. 

The Glo Foundation will fund this program by giving away its portion of the revenue earned from the Glo Dollar to GiveDirectly.

GiveDirectly officially launched in 2009 and has distributed more than $550 million directly to people living in extreme poverty.

GiveDirectly operates mainly in subsaharan Africa, with programs in Yemen and the United States.

We think that GiveDirectly is a great organization.

We like that they:

Some people hear this idea and think: “there’s no way that can work. You can’t just give money away like that.” But here’s an eye-opener – researchers have found that cash transfers typically reduce spending on “temptation goods" (alcohol, tobacco, etc.) and increase spending on food, savings, investments, and assets.

We work with GiveDirectly because they have the experience and infrastructure to distribute basic income.

We believe that the ultimate promise of cryptocurrency is worldwide financial inclusion, and we’re excited to build that. But getting people who live in extreme poverty on crypto payment rails is really hard. Rather than waiting for the future, GiveDirectly allows us to help people today.

See our article Why Glo Foundation chose to donate to GiveDirectly for more on why we believe in GiveDirectly and cash transfers.

This could be the info box

In this program, GiveDirectly identifies impoverished African villages to give their citizens $30 per month, transferred via mobile money technology, for 3-5 years. For people living on less than $2/day this is a transformational amount.
Glo's economic model is to invest its reserve in short-term Treasury bills and give the proceeds away entirely to GiveDirectly.

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Articles
What is GiveDirectly?

GiveDirectly is the organization we will donate to.

They do the actual work of providing basic income. GiveDirectly identifies recipients living in extreme poverty and sends them money on a monthly basis.

Everyone on this page is going to buy Glo at launch 👇

GiveDirectly is a charity that gives money, no strings attached, to people living in poverty. The Glo Foundation donates all money it earnsfrom the Glo Dollar to GiveDirectly’s basic income program.

This program gives everyone in a specific village $34/month, transferred via mobile money technology, for 3-5 years. For people living on less than $2/day this is transformational. 

The Glo Foundation will fund this program by giving away its portion of the revenue earned from the Glo Dollar to GiveDirectly.

GiveDirectly officially launched in 2009 and has distributed more than $550 million directly to people living in extreme poverty.

GiveDirectly operates mainly in subsaharan Africa, with programs in Yemen and the United States.

We think that GiveDirectly is a great organization.

We like that they:

Some people hear this idea and think: “there’s no way that can work. You can’t just give money away like that.” But here’s an eye-opener – researchers have found that cash transfers typically reduce spending on “temptation goods" (alcohol, tobacco, etc.) and increase spending on food, savings, investments, and assets.

We work with GiveDirectly because they have the experience and infrastructure to distribute basic income.

We believe that the ultimate promise of cryptocurrency is worldwide financial inclusion, and we’re excited to build that. But getting people who live in extreme poverty on crypto payment rails is really hard. Rather than waiting for the future, GiveDirectly allows us to help people today.

See our article Why Glo Foundation chose to donate to GiveDirectly for more on why we believe in GiveDirectly and cash transfers.

Alexander Drummond
Director of Partnerships
Deborah Lightfoot
Head of Finance & Reserves
Lisa LoGerfo
General Counsel
Marcia Blacken
Head of Operations
Garm Lucassen
Co-founder & CTO
Jeffrey Milewski
Co-founder & CEO
Jasper Driessens
Co-founder & Head of marketing
Bram Voets
Growth
Alexander Drummond
Director of Partnerships
Deborah Lightfoot
Head of Finance & Reserves
Lisa LoGerfo
General Counsel
Marcia Blacken
Head of Operations
Garm Lucassen
Co-founder & CTO
Jeffrey Milewski
Co-founder & CEO
Jasper Driessens
Co-founder & Head of marketing
Bram Voets
Growth

Worldwide   •   Full remote

Worldwide   •   Full remote

Worldwide   •   Full remote