New pooled fund aims to raise $30 million over three years for 18 nonprofits serving boys, young men and fathers
The Boys & Men Co-Lab, announced Oct. 21 by ICONIQ Impact, gives each grantee unrestricted funding for three years. Its founding donors include Ripple co-founder Chris Larsen, the Packard Foundation and the author Richard V. Reeves.
New York. A new pooled philanthropy fund, the Boys & Men Co-Lab, aims to raise $30 million for 18 nonprofits that work with boys, young men and fathers across the United States, ICONIQ Impact announced on Oct. 21. Each grantee receives unrestricted funding for three years.
ICONIQ Impact, the collaborative philanthropy arm of the investment firm ICONIQ Capital, will oversee the grants and measure results. It advises the third party that sponsors the fund and is paid for that advice, its release says. A Packard Foundation grant record describes the Co-Lab as a donor advised fund and lists a three-year grant of $750,000 to Renaissance Charitable Foundation for its core support.
The founding donors are Ripple co-founder Chris Larsen and Lyna Lam; the Packard Foundation; Mo and John Pritzker, co-trustees of the Mojo Philanthropic Fund; Richard V. Reeves, founding president of the American Institute for Boys and Men; Jessica and Andrew Sieja, co-founders of Alta Futures; Dennis Troper, president of Troper Wojcicki Philanthropies; and Maggie and Teddy Vlock of the Vlock Family Foundation, with ICONIQ partner Matt Jacobson and Salima Jacobson. ICONIQ Impact said it is inviting other philanthropists to join.
Eighteen grantees in three fields
Six grantees work on community: Fishing the Good Fight, National Compadres Network, Young Man with a Plan, Walking Talking Men, Big Brothers Big Sisters of Orange County and the Inland Empire, and Civic Valor (The Brickyard).
Six work on fatherhood: Fathers' UpLift, Dad Guild, Fathers, Families & Healthy Communities, the Center for Urban Families, Fathers Incorporated and National Parents Organization. Fathers Incorporated works to remove legal and administrative barriers that keep noncustodial fathers out of their children's lives, the release says, and helped bring legitimation reform for unmarried fathers before Georgia lawmakers.
Six work on education and skills: 100 Black Men of America, Boys to Men Mentoring Network in San Diego and Virginia, Journeymen, the Eagle Academy Foundation, Boys Who Write and Call Me MISTER. Boys to Men, which began its mentoring circles in San Diego, is building shared training to take the model to communities nationwide.
Why the donors say it is needed
The release says men account for nearly 80% of suicide deaths in the United States and are 17 percentage points less likely than women to earn a bachelor's degree, and that very little American philanthropic giving is designated specifically for boys and men, citing Candid.
“For too long, the challenges facing boys and men have been treated as a footnote in philanthropy instead of a priority.”
The Co-Lab is the newest of ICONIQ Impact's pooled funds, which range from ocean conservation to youth mental health and women's health.
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