Latest / Money to Give / Ep. 59 From Foster Care To Transforming The Future For Orphans with L.R. Fox

Transcript

Ep. 59 From Foster Care To Transforming The Future For Orphans with L.R. Fox · Money to Give

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  Speaker 1: Every once in a while we meet someone who's lived
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  Speaker 1: experience fuels a level of innovation and compassion that has
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  Speaker 1: the potential to reshape entire systems and people's lives within them.
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  Speaker 1: Welcome to Money to Give with me Rick Peck, the
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  Speaker 1: philanthropy guy. With over twenty years in the nonprofit sector.
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  Speaker 1: I have seen hundreds of millions of dollars transferred from
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  Speaker 1: donors to nonprofits. I have learned a lot along the
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  Speaker 1: way that I want to help convey to you, my
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  Speaker 1: loyal listeners. In this podcast series, we talk about one
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  Speaker 1: how nonprofits can most effectively showcase their mission and vision
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  Speaker 1: and raise as much money as possible. Two how donors
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  Speaker 1: and potential donors can make the greatest impact possible in
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  Speaker 1: the world. And three how professional advisors, including philanthropic advisors,
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  Speaker 1: can offer the most up to date information and services
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  Speaker 1: to their clients. So join us here each episode for
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  Speaker 1: more of that giving feeling. In this episode, I'm joined
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  Speaker 1: by L. R. Fox, also known as Fox, founder of
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  Speaker 1: Next Global Capital and Next Foundation. His work focuses on
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  Speaker 1: identifying big problems globally and locally, and then deciding whether
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  Speaker 1: to invest in existing solutions or build entirely new ones.
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  Speaker 1: As we'll hear that approach is not just theoretical, it's
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  Speaker 1: deeply personal. Fox shares how his foundation is tackling challenges
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  Speaker 1: ranging from access to contraception to transforming the futures of
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  Speaker 1: orphaned and vulnerable children around the world. He describes Oasis Academy,
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  Speaker 1: a hands on boarding school and support network designed to
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  Speaker 1: identify children with extraordinary potential and provide them a pathway
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  Speaker 1: from early education through adulthood to leadership, contribution, and belonging.
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  Speaker 1: This is a conversation about how lived experience, entrepreneurial thinking,
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  Speaker 1: and compassion can converge to unlock human potential, and how
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  Speaker 1: philanthropy can be designed not simply to alleviate suffering, but
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  Speaker 1: to expand possibility. Let's begin.
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  Speaker 2: Right, I'm sitting here with L. R. Fox, otherwise known
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  Speaker 2: as Fox, and so I'm prappy that you stop by
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  Speaker 2: at the Wall Street conference today and we had a
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  Speaker 2: little chit chat and we have a little sit down.
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  Speaker 2: So just tell me a little bit about your background
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  Speaker 2: for sure.
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  Speaker 3: So just by quick background, I run a family office,
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  Speaker 3: Next Global Capital, and as part of that, we have
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  Speaker 3: a family foundation called Next Foundation, which takes a very
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  Speaker 3: similar approach that we do on the on the investment side,
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  Speaker 3: which is finding big problems and then if someone's doing
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  Speaker 3: it great, we'll invest in them. If no one's doing it,
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  Speaker 3: will build it. And on the foundation side we take
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  Speaker 3: similar approach.
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  Speaker 2: If someone's doing something.
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  Speaker 3: Great, we'll donate to them, and if there's an area
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  Speaker 3: that's not being done, then we'll just build a nonprofit
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  Speaker 3: incubate it inside the foundation.
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  Speaker 2: Wow, could you give me an example of both, Like
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  Speaker 2: to me if you can, if revealing too much information,
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  Speaker 2: but you like, give me an example of something that's
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  Speaker 2: already been built and that you loved and something that
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  Speaker 2: you found a gap in and you you created something new.
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  Speaker 3: Yeah. So you know, one example is that we we've
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  Speaker 3: taken approach to how do you solve for contraceptive access?
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  Speaker 3: How do you ensure that people, no matter where they
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  Speaker 3: are in the world, that they can get access to contraception,
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  Speaker 3: And so we've donated to nonprofits they're working in that space.
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  Speaker 3: And at the same time, we found that there's a
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  Speaker 3: lack of mail contraception and so through our family office,
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  Speaker 3: we decided to do it actually as a for profit
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  Speaker 3: institute and started Plan A, which is the first mail
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  Speaker 3: birst control. And then on the foundation side, we saw
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  Speaker 3: a gap similarly, which is what about all these kids
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  Speaker 3: that are being born, that have been born one hundred
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  Speaker 3: million orphans that exist in the world, how do we
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  Speaker 3: best support them and what gaps exist. One of the
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  Speaker 3: big gaps that we saw and that I personally saw
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  Speaker 3: growing up in foster care as an orphan myself, was
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  Speaker 3: that you have the most exceptional youth that are in
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  Speaker 3: these that are that happened to be orphans right that
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  Speaker 3: lose the birth lottery, and there's no opportunity for those
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  Speaker 3: with highest potential to actually go on and do amazing things,
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  Speaker 3: and there's no pathway there. So all the money that's
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  Speaker 3: going into these really important charitable causes, these nonprofits lack
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  Speaker 3: the ability to identify youth that they believe could go
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  Speaker 3: on and be a CEO, could be a podcast host,
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  Speaker 3: could go and change the world, and yet they have
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  Speaker 3: to distribute the limited resources they have equally across everybody.
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  Speaker 3: So we created a nonprofit to create a pathway for
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  Speaker 3: those nonprofits to identify those youth and it's a world
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  Speaker 3: class boarding school for these kids to go to so
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  Speaker 3: that they can interact with amazing people like yourself. And
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  Speaker 3: the people who are listening to the podcast, that's great.
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  Speaker 2: So they are you're sort of identifying a skill set
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  Speaker 2: that they have, identifying a need that's out there, and
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  Speaker 2: just making sure that they're working their way toward it
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  Speaker 2: almost like a customized approach to getting them there a
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  Speaker 2: little bit more hands on.
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  Speaker 3: That's exactly it. And it's very much a hands on approach.
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  Speaker 3: So we partner with thousands of nonprofits around the world
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  Speaker 3: that are working directly with these youth and we ask
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  Speaker 3: them one simple question, who's the one kid and they
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  Speaker 3: instantly tell us like that one kid, and that's how
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  Speaker 3: then they nominate them for scholarship, they get accepted to
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  Speaker 3: receive the scholarship, then we fly them to Hawaii where
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  Speaker 3: we have a boarding school and provide support from the
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  Speaker 3: about seven years old is average age of entry up
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  Speaker 3: to eighteen, and then at eighteen will help them go
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  Speaker 3: to college and provide a pathway for them to be
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  Speaker 3: able to pursue their passions and where they're naturally talented.
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  Speaker 3: And then of course these nonprofits then can have a
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  Speaker 3: piece of hope that they can give all these kids
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  Speaker 3: right because these kids they're just stuck in these orphanages
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  Speaker 3: in foster care, group homes, homeless shelters, refugee camps, sex
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  Speaker 3: trafficking shelters. They're stuck there and it's in a much
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  Speaker 3: better place than the all alternative. And at the same time,
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  Speaker 3: there's no beyond, there's nothing for them to strive for.
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  Speaker 3: And that's what the Oasis Academy, why we created, is
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  Speaker 3: to get all of those one hundred million kids hope
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  Speaker 3: for something beyond that. If they were hard enough, they
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  Speaker 3: pursue their passions, then they have they have a pathway
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  Speaker 3: to reach ultimate success. Wow, one hundred million kids.
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  Speaker 2: I mean, you know what I'm thinking about is there's
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  Speaker 2: a study I saw one time about basically the strata
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  Speaker 2: and the social strata and then if you're born at
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  Speaker 2: a certain level, especially at the lowest level, you're very
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  Speaker 2: unlikely to get to a higher level. But what you're
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  Speaker 2: talking about is this is a way to fast track
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  Speaker 2: people from a place where they might have had a
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  Speaker 2: lifetime of obstacles to saying we've identified your special talents,
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  Speaker 2: we've identified or there's a societal need, and well we'll
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  Speaker 2: bring you there. You'll well and they must feel like, wow,
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  Speaker 2: this is the best. I mean, I can't imagine that
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  Speaker 2: anybody would walk away from that program and not feel
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  Speaker 2: like somebody had their back.
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  Speaker 3: Truly, that's a really great, great way to put it,
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  Speaker 3: you know, when you think about it. I'll give you
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  Speaker 3: an example. There's this nine year old boy, so just
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  Speaker 3: vivacious and talent, just like you can just see it
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  Speaker 3: in his eyes, and he is incredibly gifted with mechanically.
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  Speaker 3: He can literally tear a part an entire car engine,
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  Speaker 3: find a little tiny thing that was broken, fix it,
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  Speaker 3: put it back together, and it set. He's an orphan
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  Speaker 3: and so most likely, best case scenario is that he's
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  Speaker 3: going to be the village mechanical. That's best case scenario.
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  Speaker 3: Most likely he's gonna end up like his brothers and
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  Speaker 3: not make it till he's his eighteenth birthday. Right, that's
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  Speaker 3: the reality of the situation. And now Oasis Academy comes
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  Speaker 3: in and says, hey, let's raise the bar of best
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  Speaker 3: case scenario of being the village mechanic. What if you
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  Speaker 3: could be a CEO and invent the next rocket engine? Right,
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  Speaker 3: So let's put you on a path and help you
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  Speaker 3: to see that there's something more than just the small
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  Speaker 3: circle that surrounds you, but actually connects you with people
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  Speaker 3: who want to help support that journey. And so we
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  Speaker 3: have a whole network of CEOs and philanthropists and executives
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  Speaker 3: nonprofits that are all in the Oasis Academy network. So
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  Speaker 3: when we identify a kid who has this talent, we
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  Speaker 3: can then bring them in to that circle and ultimately
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  Speaker 3: put them on a path to success.
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  Speaker 2: That is such a gift and I'm sure it's pleasurable
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  Speaker 2: for all parties to see somebody go from what you say.
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  Speaker 2: It could be the best case scenario as they are.
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  Speaker 2: They stay local and they're employed, and that's it the bit.
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  Speaker 2: But really what you're striving for is, hey, this person
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  Speaker 2: could be literally a rocket scientist or an amazing mechanical
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  Speaker 2: engineer or whatever and do something that if they didn't
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  Speaker 2: have that boost, they wouldn't be able to get there.
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  Speaker 2: You're just identifying that talent that they have and basically amplifying.
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  Speaker 3: It, right, That's exactly. And at the same time, when
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  Speaker 3: you then fast forward and say, okay, now they're successful adults,
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  Speaker 3: well that creates a massive ripple effect because now those
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  Speaker 3: hundred million orphans out there that are in orphanages again,
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  Speaker 3: sex drafting shelters in these situations. Now they have somebody
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  Speaker 3: they can look up to and say, hey, there's somebody
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  Speaker 3: that came where I was and now look at them.
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  Speaker 3: And not only that, but who better to go back
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  Speaker 3: and fix those systems right to support those youths than
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  Speaker 3: somebody who's gone through it. I mean myself, I grew
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  Speaker 3: up in foster care. My wife is a refugee as
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  Speaker 3: a child. It's something that's so near and dear to
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  Speaker 3: our hearts now that we've been able to create, you know,
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  Speaker 3: accumulate wealth to you know, to put it plainly, we've
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  Speaker 3: done that with the pure mission of saying, now, how
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  Speaker 3: do we do that and use every dollar we have
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  Speaker 3: as a vote for the future that we want to build.
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  Speaker 2: Yeah. Amazing. And what I'm hearing you say too, is
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  Speaker 2: both with yourself and your wife, is that you've been
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  Speaker 2: close to the work. As they say, Sometimes people come
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  Speaker 2: in and they go, well, I think that the orphans
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  Speaker 2: need this, or I think refugees need this, and they're
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  Speaker 2: they're wrong because they really don't know they It's not
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  Speaker 2: that they're bad people, but they just don't understand what
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  Speaker 2: they're really dealing with. And then you come in and
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  Speaker 2: your wife comes in and says, yeah, we do understand,
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  Speaker 2: and we've been through that process. We under and this
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  Speaker 2: is how these are our solutions, or here that here's
• 9:58
  Speaker 2: the team of people we're bringing forward to try to
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  Speaker 2: solve for this problem. And I would think that would
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  Speaker 2: gain great respect by the people who say, who better
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  Speaker 2: to build this out than to people who have seen
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  Speaker 2: it for years, literally years and grew up in that
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  Speaker 2: same situation and probably wished they had people like you
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  Speaker 2: and your wife to help foster a different type of environment. Right.
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  Speaker 3: That's that's precisely. It's it's a trend that you know,
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  Speaker 3: a lot of people don't want to talk.
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  Speaker 2: That makes people uncomfortable, but.
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  Speaker 3: It's a trend that that I saw, that everybody I
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  Speaker 3: know who's been in foster care, my wife saw, is
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  Speaker 3: that those kids with the most talent that in any
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  Speaker 3: other context would be voted most likely to succeed are
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  Speaker 3: the ones that fast forward. You know now as adults,
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  Speaker 3: none of them are with us today. They're either locked
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  Speaker 3: up or on the streets, lost to society, or just
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  Speaker 3: you know, no longer living.
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  Speaker 2: Wow.
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  Speaker 3: And it's because you know, and it's it sounds counterintuitive,
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  Speaker 3: right because you're like, well, if they were so smart
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  Speaker 3: and so talented and so all these things. How did
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  Speaker 3: they end up in the worst circumstance of the cohort. Well,
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  Speaker 3: the reality is, I mean, can you guess why, Well,
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  Speaker 3: because they don't have any support systems. It's they're kind
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  Speaker 3: of thrown out there and like, good luck to you,
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  Speaker 3: and we wish you the best. But it feels like,
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  Speaker 3: you know, what I think about is like the social
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  Speaker 3: determinants of health, Like if you have these things, you're
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  Speaker 3: more likely to succeed. But if you lack transportation or
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  Speaker 3: food or shelter or some of the things we all
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  Speaker 3: take for granted, then you're probably not going to be successful.
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  Speaker 3: And I feel like you're you're sort of solving for.
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  Speaker 2: That, right.
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  Speaker 3: That's that's exactly that missing piece of the opportunity. And
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  Speaker 3: at the same time, those really talented kids that are
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  Speaker 3: that just are so resilient and so passionate about about
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  Speaker 3: being successful when they don't have that opportunity then and
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  Speaker 3: they have the talent, they ultimately pursue the areas that
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  Speaker 3: they can, right, Right, And so as a young boy,
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  Speaker 3: that means, oh, you sell drugs, right, That's that's what
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  Speaker 3: it means to be an entrepreneur in many communities.
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  Speaker 2: Yeah, that's your talent. Yeah you can you can sell
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  Speaker 2: drugs and not get caught and make money, and like,
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  Speaker 2: that's your opportunity, that's what's right in front of you.
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  Speaker 3: Yes, and most often that ends in horrible outcomes. Right,
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  Speaker 3: But if you take that same passion, the same business savbiness,
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  Speaker 3: and the same raw talent, and you push enable them
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  Speaker 3: to pursue something that ultimately changes the world, right, then
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  Speaker 3: the future is ultimately not just better, but you all
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  Speaker 3: these these social burdens and the cost to society that
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  Speaker 3: people feel like, you know, when people think about orphans
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  Speaker 3: and foster care and these things, most often I find
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  Speaker 3: like people have this idea of like charity, Like we're like,
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  Speaker 3: there's this poor, sad, pathetic kids out there that need
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  Speaker 3: to be saved. Well, there is some truth to that, right.
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  Speaker 3: They're vulnerable and in some ways helpless. They are also
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  Speaker 3: an immense amount of potential that's waiting to be unleashed.
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  Speaker 3: And if we can reframe our thinking and say, how
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  Speaker 3: do we help set these kids up not just to survive,
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  Speaker 3: but how do we help them to thurvive so they're
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  Speaker 3: not continued burdens on society, but ultimately are productive members
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  Speaker 3: that help to transform the.
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  Speaker 2: Future, and they don't want to be burdens on society.
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  Speaker 2: I'm sure they're just like, hey, point me in the
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  Speaker 2: right direction. All I want to be is successful health wise.
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  Speaker 2: I want to be successful. I probably don't want to
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  Speaker 2: be in jail. I probably don't want to be on
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  Speaker 2: the street. So if you show me the way and
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  Speaker 2: you provide that real support system, then I'll be successful.
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  Speaker 2: But they probably come out of the starting gates feeling like, well,
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  Speaker 2: the best I'm going to get is whatever I had,
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  Speaker 2: But now I'm graduated out of the orphanage and now
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  Speaker 2: I have to fend for myself, And they don't necessarily
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  Speaker 2: have that kind of extra guidance they would have if
• 13:33
  Speaker 2: they had a stronger support system. So it sounds like
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  Speaker 2: you're just really saying these kids have, like you said,
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  Speaker 2: great potential. It's just that somebody needs to be looking
• 13:41
  Speaker 2: out for them, and not just that, but really almost
• 13:44
  Speaker 2: mapping out what success might look like for them based
• 13:47
  Speaker 2: on their true inherent talents.
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  Speaker 3: That's exactly it. Especially when they have those examples of
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  Speaker 3: people that they've seen gone before them, and so part
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  Speaker 3: of the oasis Academy, And this is kind of a
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  Speaker 3: call to action to everybody listening in. Say one, if
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  Speaker 3: anybody's listening and you've been homeless and orphan, a foster youth,
• 14:05
  Speaker 3: tex traffic and you feel like you want to get back, like,
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  Speaker 3: we're creating the largest advisory board of success of people
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  Speaker 3: who've created success after coming from those conditions to help
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  Speaker 3: show the world and these youths to give them something
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  Speaker 3: at role models they can look up to. So that's
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  Speaker 3: number one. The other is, if someone's listening in and
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  Speaker 3: they're a nonprofit that's helping support these youth, we welcome
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  Speaker 3: you to join our network so that we can help
• 14:29
  Speaker 3: spont get excuse me scholarships and sponsor the youth that
• 14:33
  Speaker 3: you serve so that they can have hope and know
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  Speaker 3: that there's something even further beyond that they can even imagine.
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  Speaker 3: And then finally, if there are any philanthropists or others
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  Speaker 3: who want to help support the cause, we'd love to
• 14:45
  Speaker 3: connect with them as well. So, really, anybody, if you
• 14:47
  Speaker 3: have a heart, there's probably a reason to connect with
• 14:50
  Speaker 3: the Oasis Academy.
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  Speaker 2: Well, it sounds like if you just believe in human
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  Speaker 2: welfare and trying to help people thrive. This is it
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  Speaker 2: for you, And I love the fact that you if
• 14:59
  Speaker 2: you you don't see it, you help create it, and
• 15:02
  Speaker 2: you do it in an informed way, not just here
• 15:04
  Speaker 2: we'll do it in a vacuum and hope it works.
• 15:06
  Speaker 2: But we're going to get the right brains at the
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  Speaker 2: table to help make it happen, people who've lived this
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  Speaker 2: and know what the future could look like. So what
• 15:14
  Speaker 2: is just out of curiosity, what's the average scholarship or
• 15:17
  Speaker 2: what do you need? Maybe that's a better way to
• 15:19
  Speaker 2: phrase it, like what are you looking for? What would
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  Speaker 2: be the best case scenario for the students coming through
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  Speaker 2: as far as.
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  Speaker 3: Scholarship goes in terms of monetary monetary Yeah, so scholarships
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  Speaker 3: range of about forty thousand dollars and that covers the
• 15:33
  Speaker 3: students for the entire year as well as in all
• 15:36
  Speaker 3: the extracurricular activities and that's the full boarding school experience.
• 15:41
  Speaker 3: So they're able to really have that place of healing
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  Speaker 3: and then also be set up on a path to
• 15:45
  Speaker 3: ultimate success.
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  Speaker 2: Yeah. Wow, And do you have a target amount of people?
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  Speaker 2: I know you said one hundred million. I suppose that's
• 15:52
  Speaker 2: the overarching goal, but on an average annual basis, are
• 15:57
  Speaker 2: you striving for a certain amount of children to be
• 15:59
  Speaker 2: able to be helped or how does that work?
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  Speaker 3: Just Yeah, so we're yeah, we're scaling up to be
• 16:03
  Speaker 3: able to support one thousand kids okay at a time,
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  Speaker 3: to bring them through the Oasis Academy in Hawaii. It's
• 16:09
  Speaker 3: the headquarters, and then we're opening up additional campuses in
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  Speaker 3: Los Angeles, San Francisco, and Utah.
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  Speaker 2: Wow, that's great. I think some of these people donors,
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  Speaker 2: they just like to know, like what's your sort of
• 16:18
  Speaker 2: target at least for one year and then kind of
• 16:20
  Speaker 2: take it from there.
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  Speaker 3: Yeah, we're raising five million right now. So we through
• 16:24
  Speaker 3: our family office and our foundation, we launched it, ran
• 16:28
  Speaker 3: the pilot for two years, showed the success, and then
• 16:31
  Speaker 3: help fund this next phase. And so we're raising five
• 16:34
  Speaker 3: million of outside capital. We have a good portion that
• 16:37
  Speaker 3: that's already come through and so we're just rounding that
• 16:39
  Speaker 3: out and that gets the first fifty kids as well
• 16:42
  Speaker 3: as opens up the additional campuses so that we can
• 16:44
  Speaker 3: be on a clear path to support a thousand kids.
• 16:47
  Speaker 2: Wow, that's so admirable. Well, how would people reach you,
• 16:51
  Speaker 2: How would they reach you? How would they reach the foundation?
• 16:54
  Speaker 2: Just a little bit more about like contact going to learn.
• 16:57
  Speaker 3: More for sure. So one is the Oasis Academy dot org.
• 17:01
  Speaker 3: I can reach out sign up to the newsletter. If
• 17:03
  Speaker 3: they have a child that they want to that they
• 17:05
  Speaker 3: think should receive a scholarship, you can nominate the child there, Okay,
• 17:09
  Speaker 3: at the Oasis Academy dot org. Three words.
• 17:12
  Speaker 2: You can also follow.
• 17:14
  Speaker 3: On Instagram Oasis dot Hawaii. And you can also reach
• 17:18
  Speaker 3: out to me on Instagram. L dot R dot fox.
• 17:21
  Speaker 3: That's L dot R dot fox.
• 17:23
  Speaker 2: That's great, easy to remember, right, very simple. Well, thank
• 17:27
  Speaker 2: you for spending some time with me. It's very enlightening
• 17:29
  Speaker 2: and a at the conference day, I haven't heard from
• 17:32
  Speaker 2: anyone except for you to talk about how the foundation's
• 17:36
  Speaker 2: working to make a difference not just with what's existing,
• 17:39
  Speaker 2: but also if there is a gap and there is
• 17:41
  Speaker 2: a need stepping up to help and create that solution
• 17:44
  Speaker 2: in an informed way. It's really impressive.
• 17:46
  Speaker 3: Well, I really appreciate your time and just spreading the
• 17:48
  Speaker 3: word and all the good things happening in the world.
• 17:50
  Speaker 2: Well, you're always welcome to come back and talk about
• 17:52
  Speaker 2: some of the more successes at the Oasis the Oasis
• 17:55
  Speaker 2: Foundation has. Thank you for having thank you so much appreciate.
• 18:01
  Speaker 1: That wraps up today's conversation with l R. Fox, and
• 18:04
  Speaker 1: it leaves us from an inspiring reminder that philanthropy can
• 18:07
  Speaker 1: do more than solve problems. It can unleash the talent
• 18:10
  Speaker 1: and promise that already exists in the world. Here are
• 18:14
  Speaker 1: three key takeaways from our discussion. First, when philanthropy approaches
• 18:18
  Speaker 1: big challenges with the same rigor and creativity that we
• 18:21
  Speaker 1: apply to business, it can fill critical gaps and build
• 18:25
  Speaker 1: solutions that don't yet exist. Second, vulnerable children are often
• 18:30
  Speaker 1: framed as recipients of help, yet many possess extraordinary talent
• 18:35
  Speaker 1: that remains unseen without opportunity and long term support. And Third,
• 18:41
  Speaker 1: sustainable transformative impact requires more than charity. It requires pathways, networks,
• 18:48
  Speaker 1: role models, and intentional investment in human potential. Thanks for
• 18:52
  Speaker 1: listening to Money to Give. If this conversation resonated with you,
• 18:56
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• 19:00
  Speaker 1: it with a friend or colleague, and most importantly, keep
• 19:03
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• 19:07
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• 19:11
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• 19:15
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