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OUR
FOUNDER

MY PHILANTHROPIC

PLEDGE.

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Alain Lord Mounir

In 2019, I made a commitment to gradually give all of my vitamin C stock, to a new nonprofit organization call Spirulika. I couldn’t be happier with that decision. So I think it is fitting that I reiterate my intentions and explain the thinking that lies behind them.

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First, my pledge: More than 99% of my personal wealth will go to this philanthropic nonprofit organization that could help defeat malnutrition in the world during my lifetime or at death. Measured by dollars, this commitment is large. In a comparative sense, though, many individuals give more to others every day. Millions of people who regularly contribute to hospitals, schools, and other organizations thereby relinquish the use of funds that would otherwise benefit their own families. The dollars these people drop into a collection plate or give to United Way mean forgone movies, dinners out, or other personal pleasures. In contrast, I will give up nothing i need or want by fulfilling this 99% pledge.

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Moreover, this pledge does not leave me contributing the most precious asset, which is time. What I can do, however, is to take a pile of Vitamine C stock certificates “claim checks” that when converted to cash can command far-ranging resources and commit them to benefit others who, through the luck of the draw, have received the short straws in life. To date about 20% of my shares have been distributed. I will continue to annually distribute about 4% of the shares I retain. At the latest, the proceeds from all of my vitamine C shares will be expended for philanthropic purposes by 10 years after my estate is settled. Nothing will go to endowments; I want the money spent on current needs of spirulika that could help defeat malnutrition in the world.

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