“Big bet philanthropy has gone mainstream. What was a tiny band of believers [of large-scale philanthropic investments] a few years ago—including the Audacious Project, MacKenzie Scott, Blue Meridian, and Co-Impact—has been joined by Borealis Philanthropy, ICONIQ Impact, LEGO Foundation, Melinda French Gates’ Pivotal Ventures, W. K. Kellogg Foundation, and others…
Today, the United States is in the midst of the largest intergenerational transfer of wealth in its history. Economists estimate that $84 trillion will be passed down over the next two decades… The ongoing changes in big bet and trust-based philanthropy can help advance a sector capable of harnessing these trillions at speed and with strategic precision to solve the world’s most pressing problems.”