ICONIQ Capital · 2021-05-04 · 1857d

Larsen Lam ICONIQ Impact Award Distributes $24.25 Million to Five Refugee-Focused Organizations

The Larsen Lam ICONIQ Impact Award raised $24.25 million in funding for refugee support organizations, more than double the initial $12 million target. The Resourcing Refugee Leadership Initiative received $10 million to establish an RLO-to-RLO fund, while DREAMS for Refugees received $10 million combined to support refugee entrepreneurship in Uganda and Ethiopia. Four additional finalist organizations received $1 million each from anonymous ICONIQ network donors.

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Metrics in this report

Individual Finalist Organization Grants

1million $

per organization

Three finalists receiving equal grants from anonymous donor

Initial Award Target

12million $

baseline

Larsen Lam ICONIQ Impact Award original pledge

Peer-to-Peer Fundraising Mobilized

12.25million $

total

Additional funding raised over three months

Primary Award Recipient Grant

10million $

largest single award

Resourcing Refugee Leadership Initiative (Larsen-Lam sponsored)

Projected RLO Fund Catalyzed Capital

40million $

projected

Five-year projection from $10M RLO-to-RLO fund

Projected RLOs Supported

45organizations

minimum

Five-year projection from RLO-to-RLO fund

Projected Refugees Reached

1000000people

minimum

Expected beneficiaries from RLO-to-RLO fund

Total Award Funding Raised

24.25million $

total

Larsen Lam ICONIQ Impact Award 2021