Family Offices Making Impact Investments for Social Good
By Christian Braemer
Cofounder & CEO, Benefunder
The ultra wealthy tend to get a bad wrap in the press, but what if I told you that many of them use their riches to help make this world a better place for all of us?
I saw this trend firsthand last week, having had the pleasure of attending a Cavendish Forum as a guest speaker, thanks to Greg McKee, CEO of CONNECT. The forum was a gathering for family offices and foundations to expose them to social impact investments and philanthropic opportunities.
Aside from the event itself being pretty spectacular -- hosted at the Scripps Institute of Oceanography, UC San Diego, and The Scripps Research Institute -- it struck me to see the level of engagement and participation of the uber wealthy, who are actively looking for ways to have a greater impact.
I thought about how difficult it is to get an audience as an entrepreneur with this caliber of people, as they are constantly pulled in so many different directions, and yet here they all were, in one room! In one of the sessions, I saw three of San Diego's top philanthropists all sitting within a few rows from me, not to mention representatives from some of the largest public and private foundations like Pew, Helmsley Charitable Trust, Michael J. Fox Foundation, and many others.
They were all in attendance to see presentations from social entrepreneurs, who promised to bring both positive impact and sustainability as a result of their success. Speakers ranged from CEO's to chancellors, billionaires, venture capitalists, researchers, and even an astronaut -- in areas spanning the life sciences, healthcare/mobile health, education and nanotechnology. One of the most memorable talks was given by Hollywood movie producer-turned-social- entrepreneur, Peter Samuelson, who co-founded First Star, a group placing at-risk foster youth on college campuses, taking what would normally be a 3% admission rate to a four-year university to 51%!
This was a clear message that the 0.1% are actively looking to make the world a better place and they are utilizing their business acumen and entrepreneurship to effect positive social change.
This all of course aligns very closely with Benefunder's mission and vision, which is to reduce our nation's innovation deficit and solve our most pressing social issues by providing access, efficiency, and engagement to the world's top innovators. Benefunder helps individuals, foundations, and family offices increase their impact by introducing a wide range of funding opportunities and a portfolio-based approach to philanthropy.
We connect top researchers with high net worth families who want a greater impact and a more personal relationship with their giving.
|To learn more about our Charitable Innovation Fund, please contact Tom Paparatto at firstname.lastname@example.org.