Lever for Change, an affiliate of the John D. and Catherine T. MacArthur Foundation, and ICONIQ Impact, ICONIQ Capital's collaborative philanthropy platform, have announced the launch of the Larsen Lam ICONIQ Impact Award.
A $12 million global grant competition aimed at identifying solutions that help create a durable future for refugees, the ICONIQ Impact Award is the first in a series of competitions emerging from Lever for Change's partnership with the privately held investment firm. ICONIQ clients will use the platform to identify philanthropic opportunities and scale already-vetted social impact projects that address an issue of their choosing.
Created by Lyna Lam, founder of Wat Khmer Kampuchea Krom, a Buddhist foundation, and her husband, Ripple co-founder Chris Larsen, the Larsen Lam award is inspired by Lam's own experience as immigrant to the United States from Vietnam in the 1980s. The couple has invested $10 million in the program, with an additional $2 million contributed by a donor family that prefers to remain anonymous.
To be considered for the award nonprofit organizations and teams must register online before May 5 and submit a proposal by June 2 that identifies a specific barrier and offers a solution to overcome that barrier.
"According to the United Nations High Commissioner for Refugees, estimates for the average duration of refugee displacement vary from ten to twenty-six years," said Lever for Change CEO Cecilia A. Conrad. "Most refugees remain in difficult situations far too long. We are excited to partner with Lyna, Chris, and ICONIQ Impact to explore solutions that will help refugees — at scale — build new lives."