Amplifying Impact: How Effective Giving Can Save Lives and Transform Communities
I’m not a financial advisor; Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions. Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube. When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work. Devin: What is your superpower? Frank: My job is to connect ideas, people, resources. And that is, I don't know if that's a superpower or just an obsession, but really constantly looking for creative ways to do that is really what my primary mission and work is. In today’s world, effective giving can create far-reaching impact, amplifying each dollar’s potential to transform communities and save lives. During this episode of Superpowers for Good, I spoke with Frank Fredericks, Executive Director of One for the World, about this high-impact approach to philanthropy. Frank shared a compelling truth: “The latest research shows the most highly effective organizations can be a hundred times or even more effective than your average nonprofit.” This revelation underpins One for the World’s mission, which seeks to drive donations toward top-performing charities vetted through rigorous evaluation, including by GiveWell. This process identifies organizations where donations make a substantial impact in areas like global public health and poverty alleviation. One area where this approach shines is in malaria prevention. “Two of the four organizations on GiveWell's list are…focused on malaria,” Frank explained, highlighting that Against Malaria Foundation and Malaria Consortium use cost-effective strategies like distributing bed nets in malaria-endemic regions, ultimately saving lives at minimal cost per intervention. But the impact isn’t limited to specific diseases. Frank noted that initiatives like New Incentives provide timely support to families needing help with child vaccinations, building community resilience. This episode illuminates a powerful philosophy: by giving smarter, we can do more with each dollar. Through One for the World, donors can channel their resources into strategies that measurably reduce suffering, especially for vulnerable communities. As Frank noted, we may be closer than we think to a world without extreme poverty—if we commit to giving effectively. tl;dr: * In today’s episode, Frank Fredericks highlighted the transformative impact of effective giving, explaining how directing funds to the most effective charities can multiply the impact of each dollar by up to a hundred times. * Frank described how One for the World leverages research by organizations like GiveWell to identify charities with proven life-saving outcomes, particularly those focused on issues like malaria prevention and childhood nutrition. * The conversation underscored the power of targeted philanthropic strategies, with Frank emphasizing cost-effectiveness metrics, such as dollars per life saved, as a critical measure for meaningful impact. * Reflecting on the global decline in poverty and preventable diseases, Frank conveyed optimism that, with continued support, these challenges could be largely eradicated within a generation. * Frank encouraged donors to keep an open, evolving approach to philanthropy, continually assessing new evidence to maximize impact and achieve sustainable change on a global scale. How to Develop Connection-Building As a Superpower Frank’s superpower lies in his talent for connecting people, ideas, and resources to reduce human suffering and expand human flourishing. He sees himself as a conduit for impactful change, fostering relationships and opportunities that multiply the positive effects of social good. This superpower, he notes, is as much an obsession as it is a skill—one he uses consistently in both his personal mission and professional roles. Frank illustrated his superpower through a consulting experience with a baby skincare startup. The team initially assumed that hypoallergenic products were the primary selling point. But as they engaged with working mothers, they uncovered a deeper emotional need: these mothers valued products that allowed them to demonstrate their care for their children, even while balancing careers. Frank’s curiosity-driven approach revealed an unexpected market insight, enabling the team to reshape its strategy around a genuine connection with their target customers. Tips for Developing This Superpower: * Seek Personal Connections – Prioritize relationships in your work and make it personal. Show genuine interest and empathy toward those you work with. * Focus on Persuasion – Cultivate persuasive skills. Remember that knowledge alone isn’t enough to drive change; creating understanding is essential. * Embrace Exploration – Stay open-minded and curious. Adopt a “lean startup” approach, continually testing assumptions and being ready to pivot based on real insights. By following Frank’s example and advice, you can make connection-building a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world. Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you! Guest Profile Frank Fredericks (he/him): Executive Director, One for the World About One for the World: With the mission of scaling the effective giving movement addressing global poverty, One for the World inspires young professionals to commit 1% of their income to highly effective charities. One for the World has moved some $7M to highly effective charities to date and continues to expand through campus engagement and corporate talks. Website: 1fortheworld.org X/Twitter Handle: @1fortheworldorg Company Facebook Page: fb.com/onefortheworldhq Instagram Handle: @1fortheworld Biographical Information: Frank Fredericks is the Executive Director of One for the World, an effective giving nonprofit. Previously, Frank founded World Faith, a global NGO addressing religious violence, and Mean Communications, a digital agency for social good. He also worked as a Senior Entrepreneur at Accenture, leading their Social Innovator Accelerator. He did his BM at NYU and his MBA at Oxford University as a Global Shaper Scholar. He teaches Social Entrepreneurship as an adjunct professor at IE. He serves as a Board Member of Community Board 1 in Queens, New York, where he lives with his wife and three children. X/Twitter Handle: @frankiefreds Linkedin: linkedin.com/in/frankiefredericks Instagram Handle: @frankiefreds Max-Impact Members The following Max-Impact Members provide valuable financial support to keep us operating: Carol Fineagan, Independent Consultant | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear | Paul Lovejoy, Stakeholder Enterprise | Ralf Mandt, Next Pitch | Add Your Name Here Upcoming SuperCrowd Event Calendar If a location is not noted, the events below are virtual. * SuperCrowd Mastermind Group, twice monthly on the 1st and 3rd Thursdays at noon Eastern. This group is for entrepreneurs and small business owners interested in raising money from the crowd. Attend your first meeting free! * Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on November 19, 2024, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, become an Impact Member of the SuperCrowd. * Superpowers for Good Televised Live Pitch, November 13, 9:00 PM Eastern during primetime. At the event, judges will select their pick, and the audience will select the SuperCrowd Award recipient. Put the date on your calendar to watch it live! * SuperCrowdHour, November 20, 2024, at 1:00 PM Eastern. Each month, we host a value-laden webinar for aspiring impact investors or social entrepreneurs. At November’s SuperCrowdHour, Devin will explain six common investment types you need to understand before you can invest like a pro. Free to attend. Community Event Calendar * Successful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events * Community Revitalization, Thursdays, 10:00 AM Eastern. * Main Street Skowhegan and NC3 Entrepreneur Finance Workshop Series, September 17 - November 19, 2023. * Asheville Neighborhood Economics, date TBD following impact of Helene. 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From "Superpowers for Good: Empowering Changemakers for Social Impact via Regulated Investment Crowdfunding from the SuperCrowd."
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