Philipp Mohr sold his first software company to King, the maker of “Candy Crush Saga”, an online game, in 2014. He sold his second to Apple a few years later. The London-based entrepreneur has made a small fortune. Somewhere along the way, he met the team at Founders Pledge, a global non-profit group that pushes entrepreneurs to commit a share of their future earnings to philanthropy. If they sell their business and the money materialises, Founders Pledge can help them make good on their promise.
Just as Bridgespan, a consultancy, has helped several billionaires disburse money since the outset of the pandemic, Founders Pledge has allowed people like Mr Mohr to outsource a lot of the work that a private foundation would do. The group has a research team that produces detailed analysis on good causes, like climate change and education, and checks out potential recipients. It can set up funds for donors, take care of audits and process grants on their behalf.
