In 2014, a Silicon Valley couple faced a life-changing decision. Brian Acton had just sold WhatsApp for $22 billion, and he and his wife Tegan wanted their wealth to mean something. Instead of traditional charity, they built a giving machine. Their creation? A donor-advised fund that would reshape modern philanthropy, later known as Acton Family Giving.
The Actons chose radical trust over rigid rules. They partnered with Fidelity Charitable to manage nearly $400 million, committing to distribute 5% annually. But this wasn’t just about cutting checks. Their approach let communities lead, funding organizations without red tape or restrictions.
What makes this initiative stand out? Unrestricted grants became their superpower. Nonprofits could use funds where needed most, creating lasting change instead of temporary fixes. This strategy turned tech wealth into tools for social justice and education reform across America.