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Farm Animal Funders Briefings

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Farm Animal Funders Briefings BRIEFING SERIES February, 2019 v1.0 TABLE OF CONTENTS Smart Giving: Some Fundamentals 2 Supporting Alternative Foods To Farmed Animal Products 4 Veg Advocacy 7 Corporate Campaigns For Welfare Reforms 9 Fishes 12 Legal and Legislative Methods 13 A Global Perspective on Farmed Animal Advocacy 15 Shallow Review: Increasing Donations Through Your Donation 19 2 Smart Giving: Some Fundamentals How Much To Give? There are a number of approaches to how much to give, Why Give? including: For the world: There are over 100 hundred billion farmed animals alive at any moment in conditions that Giving what you don’t need cause severe suffering, that number has been increasing over time and is projected to continue to do so. Consuming animal products is associated with many x % Pledging a set percentage negative health outcomes and animal agriculture is a chief cause of environmental degradation—causing approximately 15% of global greenhouse gas emissions. % Giving to reach a personal best For you: Giving activates the brain’s reward centers, Some people give everything above what is necessary to resulting in increased life satisfaction and happiness. satisfy their needs, in part because of evidence that high levels of income have diminishing returns on wellbeing. How Can We Help Identify Cost-effective Funding Thousands of people (including some of the wealthiest) How To Give? Opportunities? publicly pledge some set percentage for giving. Pledging could increase your commitment to giving, further Effective giving is important because top Farmed Animal Funders release briefings and research connect you with a giving community, and inspire others. giving options are plausibly many times more different promising areas. These briefings aim to impactful than the average giving options.1 highlight promising interventions and organizations Giving to reach a personal best involves goal setting, by considering: adequate planning and support networks, as well as being ► The most relevant and up to date information up to date with the charities you support. You might also ► Learning value consider the following when deciding how much to give: How can you be effective? Make good choices about ► Fungibility How rich am I? What are my life aspirations? How much (in descending priority): (1) which cause area, (2) ► Room for more funding do other high net worth’s give?2 intervention, (3) charity, and (4) the specific way of ► Marginal impact 1. For instance, The Open Philanthropy Project has estimated that $1 donated to cage- donating. ► Counterfactuals free reform campaigns spares about 120 hens one year of battery cage confinement. In contrast, Animal Charity Evaluators estimated that $1 donated to leafleting spares roughly one thousandth of a year of farmed animal life. Help us help you. If we can do additional research to 2 Many high net worths leave approximately 90% of wealth to heirs, 0.16% of their wealth support your giving decisions, please let us know. towards animals and, on average, a fraction of that amount goes towards factory farming. 3 Impact Multipliers Make the Most of Your Network Which is best? The nascent literature on charitable paying for the overhead may fix the bias. The evidence You have an incredible opportunity to multiply giving most supports seed donations. A seed donation in favor of covering “overhead” as a donation multiplier your impact through bringing another large “seeds” a significant amount (e.g., 50%) of a charity’s relies primarily on experimental field evidence from donor into the movement. Please share Farmed fundraising goal. The literature suggests that3 seed one study. It is a promising result but it doesn’t provide Animal Funders material (including these briefs) donations typically have a greater donation multiplier sufficient justification for thinking covering overhead with anyone who may be interested. than matches and increasing the seed amount is costs are a better donation multiplier than seeding or associated with a significant increase in donations. matching. A matching campaign uses one’s donations to “match” Tax Efficient Giving Some Specific Promising Ways to Donate to Groups other donations. There are several field studies on Definitely itemize, and consider: donation matching, but unfortunately no peer ► Donating appreciated assets (avoids capital gains but Three basic donation multiplier options are: reviewed meta-analysis of them. A (non-peer still deductable) reviewed) meta-analysis suggests a donation multiplier ► Efficiently maxing annual charitable deductions $1 $1.20 effect of matching campaigns on the order of ~120% ► Using donor advised funds if you’re unsure of where to (with high uncertainty) and another key takeaway: donate. diminishing returns to matching above 1:1. 1. Seed 2. Matching 3. Covering Covering “overhead” costs such that other donors donations campaigns overhead contribute to “programs” rather than “overhead” could be a promising donation multiplier. “Overhead” ratios are a poor, and over-emphasized indicator of effectiveness. Most donors don’t want to pay for 3. Note that while this study suggested a seed donation raised more than a matching overhead costs but this unwillingness is not rational and donation the difference wasn’t statistically significant. CREATING NEW PROTEIN: SUPPORTING FUNDING CONSUMER GOODS NEW PROTEIN NEW PROTEIN CLEAN ANIMAL PROTEIN (Grown from Cellular Agriculture) INGREDIENTS PROCESSING & CULTURING SYSTEMS MULTI-PROTEIN BEEF (PROTEINS, FLAVORS, COLORS, FILLERS, Beef, Pork, Poultry, Beef, Pork, GELLING AGENTS, CASINGS…) Seafood, Eggs Poultry 4 Beef, Pork, Poultry, FM Technologies Seafood CREATING NEW PROTEIN: SUPPORTING FUNDING Nove PORK POULTRY EGGS foods Supporting Alternative Foods to Farmed Animal Products CONSUMER GOODS NEW PROTEIN NEW PROTEIN CLEAN ANIMAL PROTEIN (Grown from Cellular Agriculture) INGREDIENTS PROCESSING & CULTURING SYSTEMS meatless MULTI-PROTEIN BEEF SEAFOOD (PROTEINS, FLAVORS, COLORS,OTHER FILLERS, Beef, Pork, Poultry, Beef, Pork, GELLING AGENTS, CASINGS…) Seafood, Eggs Poultry NON-PROFITS FM Technologies Why Is This Area Promising? Is Impact Investing Impactful?Beef, Pork, Poultry, Is It Making Things NON-ANIMAL PROTEIN Seafood PLANTS FUNGI Competitive alternative foods could massively Better Than They Would Otherwise Be? Nove PORK POULTRY EGGS GOOD foods decrease demand for farmed animal products. CATCH If philanthropy’s goal is to make things better than they Hemp Food THE ABBOT’S Association BUTCHER would otherwise be, theSEAFOOD counterfactual (what would OTHER meatless What’s Some Key Information That You Should Know happen otherwise if not for your donation) is critical. For INCUBATORS & ACCELERATORS NON-PROFITS About Alternatives? impact investing then, it’s worth noting there’s already NON-ANIMAL PROTEIN spero FIELD ROAST Alternatives can be divided into: strong investor interest in alternative companies:PLANTS FUNGI VC FIRMS CORPORATE PARTNERS nova GOOD I. Since ~2013 alternative companies have raised CATCH 1 1) Cell-based products 2) Plant-based products more than $1 billion in funding. RESEARCH & ACADEMIA Hemp Food THE ABBOT’S Association BUTCHER Lup’ II. The ~30 cell-based companies and ~70 plant based companies have received investment from GOVERNMENT AGENCIES Better World.Market Cell-based Plant-based options Evolv INCUBATORS & ACCELERATORS companies report are now (fairly) cost- several large funders, ~60 VC firms, and ~24 large Ventures their products should competitive, (fairly) corporate partners. THE NEW PROTEIN LANDSCAPE | V.2.6 | Learn More at NewMeat.org be price-competitive taste-competitive, spero FIELD ROAST in a decade. Although better environmentally III. There’s significant impact investor interestVC FIRMS in the CORPORATE PARTNERS there are reasons to than animal-based food and agriculture sector: more than nova be skeptical of these foods (but not $10 billion in impact investments have been made. It’s timelines, the rate necessarily cell-based one of the most (if not the most) popular sectors for RESEARCH & ACADEMIA at which production foods), stocked in impact investing with around half of impact investors costs have reportedly large supermarkets, on reporting planning to increase their allocations to food Lup’ been falling means the menu (and even and agriculture. they may not be too selling out) in some GOVERNMENT AGENCIES Better World.Market Evolv unrealistic. large fast-food chains, Ventures and overall are making encouraging market THE NEW PROTEIN LANDSCAPE | V.2.6 | Learn More at NewMeat.org share gains. 1. This is based off an internal back of the envelope estimate, please let us know if you would like the details. The annualized average of the total of the investments in alternative companies in the past 5 years is approximately double the global amount of charitable donations to farmed animal advocacy in 2017. 5 This leads to the following key questions for further consideration: Will your impact investing crowd How would you otherwise use that out investing from others or increase money if you didn’t invest? How would the amount invested by others the (likely) displaced prospective investor impactfully? Does accounting for the otherwise spend theirs? If you would otherwise potential replaceability (if you didn’t invest spend it impactfully elsewhere but they someone else would) mean your impact wouldn’t, does your impact investing cause investing actually adds limited value overall? less impact overall because of your greater opportunity cost? 6 What Are The Funding Options
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