Introduction
ICONIQ Impact, associated with ICONIQ Capital, recently unveiled its inaugural grantees of the Youth Mental Wellbeing Co-Lab—a significant philanthropic initiative with a commitment of $200 million directed towards alleviating youth anxiety and depression.
Funding and Grantees
The Co-Lab initiates with $112 million in donations from eight key philanthropic contributors, which will be directed towards 25 grantee organizations over the next five years. Notable donations come from philanthropists, including Chinese entertainer Xin Liu, encompassing support for organizations across the United States and the Global South, with the latter receiving approximately 60% of the fund’s total allocation.
Philanthropist Support
Xin Liu emphasized the importance of the initiative, stating, ‘This Co-Lab is boldly supporting organizations addressing critical but often neglected areas of youth mental health.’ Liu urged fellow philanthropists to participate in the cause, highlighting the global responsibility to empower the youth.
ICONIQ Impact’s Perspective
Matti Navellou, head of ICONIQ Impact, noted, ‘Building up an individual’s agency, resilience, and sense of belonging from a young age is foundational to their mental wellbeing.’ The organization aims to equip grantees with essential tools to shape the future for today’s youth.
Find Out More
For a detailed list of the grantees and further information, visit the ICONIQ Impact website.
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