The radical founders raising billions for Charity—Is this a new social movement?

Abstract

Founders Pledge is a philanthropic organization raising billions of dollars for charity from entrepreneurs, attracting high tech entrepreneurs as “Pledgers.” Donating a portion of their personal proceeds is standard for its Pledgers. Their donation model is based on IOU contract, the value of which matures at the point of share sale–when a Founder exits. As of 2019, 1,250 entrepreneurs have signed up to donate nearly $2 billion in share value to date. $370 million in donations have been completed. – AI-generated abstract.