Founders Pledge
Founders Pledge is a London-based charitable initiative, where entrepreneurs make a commitment to donate a portion of their personal proceeds to charity when they sell their business. Inspired by effective altruism, the mission of Founders Pledge is to "empower entrepreneurs to do immense good". By May 2021, around 1500 entrepreneurs across 30 countries have signed up to Founders Pledge. Collectively, they have pledged to donate $3 billion in share value, and about $475 million in donations have been completed to date. History. Founders Pledge was initially launched in 2015 by the Founders Forum for Good , which focuses on helping social entrepreneurs build and scale businesses. David Goldberg, co-founder and CEO of Founders Pledge, has stated that the ideas of effective altruism, and the work of 80,000 Hours in particular, have influenced the trajectory of the organization. Founders Pledge was named one of the New Radicals 2016, which are "innovative projects chosen by The Observer and Nesta as making a real difference to society". Starting in London, Founders Pledge has since expanded and opened multiple new offices in cities such as Berlin, New York and San Francisco. In addition, Founders Pledge has launched partnerships with  organisations including Y Combinator, MassChallenge, and Forward Partners. In September 2016, Sam Altman, president of Y Combinator, wrote on the Y Combinator blog: "Many of our founders ask us about how they can donate part of their equity or post exit proceeds, and now we have an answer: Founders Pledge." Since 2016, Founders Pledge was awarded two major grants⁠—totaling more than $6 million⁠—from the Open Philanthropy Project, a foundation largely funded by Facebook co-founder Dustin Moskovitz. Activities. Founders Pledge runs three main types of activities, all of which are free of charge for its members. Research. Founders Pledge  partners with GiveWell for its research on cost-effective global health and development charities. In addition, Founders Pledge has written research reports on various topics, including: Members. Entrepreneurs signing up to Founders Pledge enter a legally binding commitment to donate a portion of their personal proceeds on liquidity to charity. The minimum commitment is 2%, though on average entrepreneurs commit around 7%. Comparing several donation pledging initiatives, "Vox" writes that Founders Pledge forces The Giving Pledge "to compete for the mindshare of today’s tech community". A complete list of members is available on the Founders Pledge website. Notable members  of Founders Pledge include the following: