ICONIQ Capital · 2024-02-15 · 840d

ICONIQ Education & Economic Mobility Co-Lab: $56M Philanthropic Fund for Opportunity Gap

ICONIQ's Education & Economic Mobility Co-Lab is a $56 million philanthropic fund supporting 16 organizations addressing economic inequality in the United States through equitable career pathways, mental health support, and two-generation family solutions. The initiative targets the significant income and wealth disparities that fall sharply along race, gender, and class lines. The program focuses on three core strategies: providing career opportunities for marginalized youth, supporting mental health for academic success, and equipping underserved families with comprehensive social and professional support.

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Metrics in this report

Co-Lab Fund Size

56$M

total

philanthropic fund for education and economic mobility

Generational Poverty Rate - Black Americans

1 in 5ratio

third generation

Black Americans experiencing poverty for third generation in a row

Generational Poverty Rate - White Americans

1 in 100ratio

third generation

White Americans experiencing poverty for third generation in a row

Intergenerational Economic Mobility

1 in 13ratio

less than

children born into poverty achieving high-income jobs in adulthood

Number of Grantee Organizations

16organizations

total

supported by Education & Economic Mobility Co-Lab

Population in Poverty

47million

total

U.S. individuals with annual incomes below 200% of federal poverty level