At The Motley Fool, we believe that diverse voices, insights, and expertise fuel innovation and progress in the business marketplace and the world at large. Our company needs more entrepreneurs, more investors, more leaders, and more innovators from every community around the world, because, with their valuable input, we all benefit.
The fact that some voices have been and are still being marginalized, abused, and silenced is anti-marketplace, anti-growth, and antithetical to everything we believe at The Motley Fool. We reject racism, inequality of opportunity, hatred, and cruelty.
That’s why we will expand our commitment to helping ensure that our employees, our members, our future members, and our fellow humans are safer, treated fairly, and given every opportunity to live out their true potential.
During the summer of 2020, we allocated $100,000 evenly to our employees for them to support equality, justice, and peace in ways that were meaningful to them. We encouraged everyone to join us in funding organizations that make a priority of fairness, decency, respect, and love for all.
As citizens and investors, we all gain in a world and a business environment that makes it an essential, never-ending priority to treat everyone with the dignity and respect they deserve. The world and the markets operate best when opportunities for growth, impact, and prosperity are clearly available to all.
Shakespeare said it best: “Motley's the only wear.”
In an immediate response to Anti-Asian Hate, and specifically in response to a horrific shooting in Atlanta, in 2021 in which six Asian women were targeted by a gunman and lost their lives, The Motley Fool took these steps:
- We committed a $10,000 financial donation to AAAJ, an organization that offers a wide range of programs advancing justice, civic duty, and Asian American advocacy.
- We reached out to AALEAD, an organization that works with Asian youth, and are assessing whether we can partner with them as part of a financial literacy program with Fools as mentors.
- Above and beyond our initial $10,000 commitment, Fools are actively contributing to and/or exchanging their internal recognition rewards for AAAJ.
In April 2020, we invited our Foolish community to join us in supporting COVID-19 relief efforts in what was then the epicenter of the U.S. outbreak: New York state. Thanks to Motley Fool members’ and Fool team members’ generosity and our corporate contribution, $1,087,518 was donated to Health Research Incorporated, which funded the Empire Pandemic Resource Reimbursement Fund. The fund supports essential workers, first responders, and healthcare workers and their families in their financial recovery following the COVID-19 pandemic.
Our collective donation resulted in a total of 1,096 households across 41 counties in the state of New York receiving financial relief for expenses covering necessities such as childcare, transportation, and lodging incurred during the pandemic. Thanks to you, households across New York were granted urgently needed relief funds that will help individuals and families achieve financial stability. We’re amazed by the remarkable impact of these funds and the countless actions our Foolish community took in local neighborhoods.
The COVID-19 pandemic exacerbated financial difficulties for households and communities across the globe. We find ourselves at a crossroads, with a unique opportunity to enable millions to stay on the path toward financial freedom. We believe in Financial Freedom for All, and we will demonstrate this commitment through The Motley Fool Foundation, set to launch in late 2021. The time is now to help the millions who are bound by social and economic obstacles. If you feel inspired to join us, click here to learn how.
Foolanthropy carries a legacy of driving much-needed funds to local nonprofits and social innovators each year. Our impact is about more than moving money to where it’s needed most; it’s about helping nonprofits access information and ideas that will help them thrive. And it’s made possible by a cadre of servant leaders and impassioned volunteers.
2020-2021 was a year like no other, and The Fool remained focused on long-term partners and timely causes. Our Foolanthropy efforts were largely driven by Fool team members and led by a wonderful and tireless Foolanthropy team that embodies what it means to Pay It Foolward.
Snapshot of Our Work
September 2020: Fool School Reboot. In 2020, we piloted Fool School content on Motley Fool Live, our video platform. For one hour every day for a week, TMF employees hosted a variety video tutorials on a range of topics, from establishing good financial habits early to buying your first stock. The videos are behind the paywall and available to all paying Motley Fool members. We also encouraged members to bring their kids or grandkids along on Zoom.
Fundraising and awareness campaigns were launched internally for three “core charities” – one per quarter through September 30, 2021. Carpenter’s Shelter, All Hands and Hearts, and RIP Medical Debt were the recipients.