Philanthropy Crisis, Iconiq's Collaborative Fundraising
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charity portfoliosCNBC
•Business
Business & Economics
How Iconiq, the wealth firm backed by Mark Zuckerberg, brings ultra-rich philanthropists together
77% Informative
Iconiq Capital is pioneering a new model of philanthropy that could spur big donors to act now.
The firm has advised on nearly $900 million in grants over six years , mostly through co-labs.
Founder: "It is a really lonely journey, and it's hard to find peers at the same wealth level who are struggling".
Iconiq 's charity portfolios are "open source," meaning donors can follow on with commitments of as little as $250,000 a year.
Iconiq has noticed that the young adult children of its clients are quicker to act and care more about measurable impact rather than specific causes.
Women are expected to receive about 70% of the $124 trillion that will pass down over the next 25 years .
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