#United States #Austin #Philanthropy #Social Impact #144k Collective

The 144k Collective: A New Approach to Philanthropy

In a transformative move in the philanthropic landscape, the newly established 144k Collective seeks to raise the bar by pledging to donate a remarkable $250 million each year. This innovative organization, formed by a diverse group of entrepreneurs and community leaders, champions the mission of helping individuals across the country—regardless of their specific circumstances.

A Vision of Collective Contribution

The foundation of the 144k Collective lies in the idea of harnessing the collective power of its members. With a target of enrolling 144,000 individuals, the organization invites each member to contribute a modest $1 a day. This seemingly small amount culminates in an impressive $52 million annually from just membership contributions alone. However, the goal expands far beyond that initial capital.

Operating under a unique for-profit model, the collective aims to establish, launch, and manage profitable business ventures. The organization commits to reinvesting 90% of the profits generated back into its philanthropic efforts, thereby continuously fueling its ambitious goal of distributing $250 million every year.

According to Jay Davis, the founder and board member of the 144k Collective, the primary focus is to bridge resources with those who might need them, irrespective of conventional perceptions of