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ICONIQ Impact, the philanthropic platform of ICONIQ Capital, has announced the inaugural grantees of its Youth Mental Wellbeing Co-Lab, a $200 million collaborative philanthropy fund focused on supporting organizations addressing youth anxiety and depression worldwide.

The Co-Lab has secured $112 million in donations from eight philanthropic donors, including Chinese entertainer Xin Liu, and will provide unrestricted funding to 25 grantee organizations over five years. Organizations in the Global South will receive approximately 60% of the Co-Lab’s total funding.

For further information, read more details here

Xin Liu, an anchor donor of the Co-Lab, emphasized the importance of supporting organizations that address critical but often neglected areas of youth mental health. “This Co-Lab is boldly supporting organizations addressing critical but often neglected areas of youth mental health, like ensuring culturally responsive care for underserved populations and teaching young people how to build healthy relationships with technology.”

Liu urged other philanthropists to join the effort, stating, “We’re encouraging other philanthropists to join us in this effort because we have an opportunity and a responsibility to empower the most vital and powerful force this world has—its young people.”

Matti Navellou, head of ICONIQ Impact, highlighted the importance of building individual agency, resilience, and a sense of belonging in young people. “Building up an individual’s agency, resilience, and sense of belonging from a young age is foundational to their mental wellbeing over the course of their life.”

Navellou expressed determination to support grantees in providing formative tools to today’s youth and creating new pathways for them to shape their own futures. “We are determined to support our grantees in getting these formative tools into the hands of today’s youth and creating new pathways for them to shape their own futures.

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