Ryan Graves is a founding member of The Pool, an initiative that uses stock earnings to fund clean water nonprofit charity: water.
. Charity: water could not confirm how many shares Graves pledged or how much it stands to receive from the donation, but members of The Pool are required to donate a minimum of 1% of their holdings. At a minimum, charity: water will see over $14 million from Graves' donation at the set price.
Charity: water said it plans to use the funds to support operating costs like rent for its offices and employee salaries. Leftover funds will be used for annual bonus payments to eligible employees, a perk often reserved for corporate workforces.Carta, the startup building a stock exchange for startups, says its own valuation increased nearly $1 billion in 5 months
Scott Harrison founded charity: water in 2006 to solve the global water crisis by providing clean water to communities in need. The nonprofit's operations are currently funded by 133 individuals and families because it uses 100% of its public donations on projects in the field. Public donors can see exactly where their dollars are used with GPS coordinates and photos.
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