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Overcoming Bias Commenter's avatar

Nick,

Yes, that's a problem, they probably don't want to deal with the legal hassles of accepting contributions. However, if you wanted to take advantage of their expertise, you could contact them to find out what research they are funding, so as to mimic their strategy/provide matching funds.

On other funding targets, it's plausible that political lobbying is the most effective place to expend funds at this time. California's Proposition 71 allocated $300 million per annum to the stem cell research over 10 years. The total cost of the campaign (acquiring signatures, ads, etc) was approximately $34.7 million, but the initial sponsor and creator of the initiative, Robert Klein, spent only ~$3 million. With a three year delay between the bulk of campaign spending (2004) and the disbursement of funds (2007), the 2004 NPV of the resulting funding stream was $1.071 billion using even a 25% interest rate (to reflect opportunities for private philanthropists to direct funding better than a state institution, the compounding effects of earlier research funding, etc). If we halve that value to reflect the risk of failure (the initiative won 59:41, but polls were less favorable when it was launched), and reduce it again to reflect the fact that political contributions are not tax-deductible (with the effect depending on one's state and proportion of capital gains to ordinary taxable income), Klein might still have expected a hundredfold improvement in the effectiveness of his donations in funding stem cell research.

A similar initiative ($3 billion for cancer research) will be put to the voters on November 6th in Texas with very bright prospects. Financially backing such initiatives in other wealthy states with accessible initiative processes (e.g. Florida, Ohio, and Michigan) might be a rather effective way of mobilizing funding.http://news.google.com/news...

The Alliance for Aging Research, possibly the leading advocacy group for federal funding for aging research and backer of the Longevity Dividend effort, spent $1.7 million in 2006, less than 10% directly on 'Public Policy' (although some overhead and fundraising costs should be attributed to this), and much of that advocacy was directed to issues other than funding for basic research on aging. Given the limited scale of federal lobbying, the marginal return on further investment may still be rather high.http://www.agingresearch.or...

However, it may be that the most effective way to influence funding is by demonstrating the potential of promising new approaches via selection of particular good unconventional projects with high expected value. Or one might invest in a for-profit startup to try to get at least one anti-aging therapy in broad use, enhancing public support and interest. Unfortunately, such efforts require greater than average ability to evaluate scientific approaches and researchers (not just biologically, but also from economic and probabilistic viewpoints). The advantage of the M-Prize is that it evades the need for such evaluative capacity (or the ability to identify such capacity in others), while promoting good novel approaches and drawing media attention to aging research.

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Overcoming Bias Commenter's avatar

Carl wrote "...or passing the money through the Glenn Foundation...". It appears from the Foundation's website that it does "not solicit or accept charitable contributions".

I would like to know what the best funding target would be for somebody who wants to promote life-extension through biogerontology, because I sometimes get asked this question. My current guess is that the M-Prize is a good option, but I haven't spent much effort trying to evaluate the alternatives.

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