The Global Health and Development Fund makes grants across a number of risk profiles.
It is currently looking for higher-risk, but potentially higher-return opportunities to grant to. These will typically be opportunities that GiveWell researchers have identified as having the potential to be very effective, but that are not established enough to be recommended as GiveWell top charities.
If the Fund cannot find any higher-risk, higher-return projects to grant to, it will periodically publish updates, and may choose to either roll the money forward and put it towards future opportunities, or to grant it to GiveWell top charities.
You can read a recent update about the Fund's grantmaking approach here. For more information on how we think about grantmaking risk, please read our Risk Profiles page.