The challenge in hosting any charity event is covering the hard costs. In Funds4Food, our underwriters contributed $100,980 to cover all the hard costs for the event. This included things like web development consultants, legal fees, video system minutes and marketing materials among others. Below is a breakdown of those hard costs. iConnections contributed its platform and services at no charge to Funds4Food.
|Hard Event Costs
|Advertising & Marketing
|Contract Customer Support
|Software & Online Services (AWS)
|Video System Charges
|Total Hard Event Costs
|Net Proceeds from Underwriter Contribution
|Total Manager Registrations & Donations Received
|Net Proceeds from Underwriter Contribution
|TOTAL DONATION AMOUNT
iConnections has donated the net amount of $33,748.24 to the Garces Foundation bringing the total raised in the event to $1,886,568.24
From June 15th to July 2nd, institutional allocators and fund managers engaged in one-on-one video meetings to benefit charities aiding people in need globally.
Institutional allocators pledged to participate in meetings with fund managers of their choosing. The more meetings that were pledged, the more managers registered, and the more dollars were raised.
The entire spectrum of fund managers, including long only, hedge, venture, private equity, real estate, private debt, infrastructure, and more, made donations to participate.
The iConnections platform allowed all participants allowing them to select, confirm and schedule video meetings with each other.
At the end of the event, our charity partner, Garces Foundation, distributed the proceeds raised to the charities identified on our website.
The COVID-19 pandemic has impacted millions of families, forcing many into food insecure circumstances. Funds4Food was created to bring the investment management industry together to do its part to help these families in need around the world. The following charities are focused on alleviatin food insecurity and have been chosen as beneficiaries of Funds4Food.
World class institutional allocators pledged to take meetings with the entire spectrum of fund managers, including hedge, venture, private equity, real estate, private debt, infrastructure and more, all to support Funds4Food. The following is a sample of participating allocators.
John's Hopkins University
Soros Fund Management
Yale UniversityAllocator List
Fund managers donated to participate based on their firm size. One hundred percent of registratoin proceeds were a direct donation to our charities.Manager List
Funds4Food is supported by industry membership organizations providing leadership and support for industry-wide initiatives, including advocacy, peer engagement, policy, and educational programming. Their support helps to raise public awareness and strengthen the value of the investment industry.
May 15 | Businesswire | Introducing 'Funds 4 Food' Online Capital Introduction Event Benefitting Victims of COVID-19
May 19 | Bloomberg | Weekly Brief: Hedge Funds
May 19 | Alphaweek | Funds 4 Food Capital Introduction Event to Benefit COVID-19 Victims
May 21 | Indagare | Restaurateur Camilla Marcus on Saving the Food Industry as We Know It
May 22 | CNBC | Stock Market Live Friday
May 27 | Hedge Fund Alert | Vendors Race to Arrange Virtual Meetings
June 8 | Novus | Fighting Global Hunger: Join us at Funds4Food
Our advisory board of industry leaders assembled some of the most prestigious allocators, fund managers and service providers to support Funds4Food.
Alpine Capital Advisors
Royal Bank of Canada
Head of Business Development
Socorro Asset Management
York Capital Management
Barron's 100 Women in Finance
PA Department of Banking and Securities
Global Television Anchor
Parvus Asset Management
C. Penn Redpath
Michael S. Reeves
QuiVive Global Advisory
Capital Allocators Podcast
The Investment Institute
Aberdeen Standard Investments
Alison T. Young
Red, White and Blue Strategies
Chief Executive Officer & Co-Founderread biography
Chief Technology Officer and Co-Founderread biography
Executive Speech and Performance Coachread biography
Head of Investment Managersread biography
Kaitlin (Reedy) Malin, CFA, CAIA
Head of Investor Relationsread biography
Investor Relations Consultantread biography
Thank you to all of our volunteers. Your sales, marketing, investor relations and general experience in the alternative investment industry was integral to the success of our event!
Alexander Matthews, CFA, CAIA
Allyson Johnson, CAIA
Avery Jane Carmichael
Laetitia de Pastre
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