Scott Alexander reviews the results of the Impact Market Mini-Grants test run, discussing the top projects and lessons learned about this novel charitable funding method. Longer summary

Scott Alexander reports on the results of the Impact Market Mini-Grants, a novel way of running charitable grants where investors fund promising projects and grantmakers buy credit for successes. The test run involved 18 forecasting-related projects, with judges assessing their final value. Most projects lost money for investors, but a few were highly successful. Scott discusses the top five projects, including a rationality education program at the University of Maryland, a forecasting tournament, a tool for making Kelly-optimal bets, a paper on forecasting long-term impacts, and an ambitious impact assessment project in India. He reflects on the lessons learned from this experiment, noting both successes and challenges in implementing the impact market concept. Shorter summary