Ricky Wong Ltd. pledges to donate 5% of revenue (total income before expenses and tax deductions) to charitable causes.
Revenue is assessed monthly and the donation amount is divided equally to the causes outlined below.
The causes may be subject to change at any time.
Where donations go
Donations are currently going to charitable funds ran by regranting organisations. These organisations then choose which charities and organisations to donate the money to.
These particular funds have been chosen for their ongoing research in finding opportunities that have the most impact per money spent and are assessed regularly.
The regranting organisations do not use the funds to pay for the running of their organisations and are funded separately.
Please learn more about these great causes and consider making a pledge.
Founders Pledge – The Climate Change Fund
From the The Climate Change Fund page:
Fund Objective: To sustainably reach net-zero emissions globally
Current levels of emissions are contributing to millions of deaths annually from air pollution and causing irrevocable damage to our planet. In addition, millions worldwide do not have access to modern energy technology, severely hampering development goals.
This Fund is committed to finding and funding sustainable solutions to the emissions crisis that still allow growth, freeing millions from the prison of energy poverty.
The Fund is a philanthropic co-funding vehicle that does not provide investment returns.
Effective Altruism – Global Health and Development Fund
From the Global Health and Development Fund page:
The Global Health and Development Fund recommends grants with the aim of improving people's lives, typically in the poorest regions of the world where the need for healthcare and economic empowerment is greatest. This will be achieved primarily by supporting projects that:
- Directly provide healthcare, or preventive measures that will improve health, well-being, or life expectancy
- Directly provide services that raise incomes or otherwise improve economic conditions
- Provide assistance to governments in the design and implementation of effective policies
In addition, the Global Health and Development Fund has a broad remit, and may fund other activities whose ultimate purpose is to serve people living in the poorest regions of the world, for example by raising additional funds (e.g. One for the World) or by exploring novel financing arrangements (e.g. Instiglio).