meta_pixel
Tapesearch Logo
Log in
Forbes Talks

How This Founder is Leveraging Donor-Advised Funds to Close the $4.4 Trillion Wealth Gap

Forbes Talks

Forbes Media LLC

Business News, Forbes, Business, News, Economics, Entrepreneurship, Politics, Policy, Breaking News

54 Ratings

🗓️ 14 June 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

In this Forbes Talks conversation, Ali Jackson-Jolley sits down with Project Wellspring founder Brooke Daniels to dissect the blind spots in traditional venture capital – and makes the case for using donor-advised funds (DAFs) as a tool for equity.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Ali Jackson Jolly.

0:05.0

I'm here with Brooke Daniels.

0:07.0

She is the co-founder of Operation Wellspring.

0:11.0

Brooke, welcome and thanks for being here with us.

0:14.0

Thank you.

0:15.0

I'm excited to be here.

0:16.0

Yeah, so Brooke, Project Wellspring describes itself as, I wrote it down because it's a lot of words,

0:22.8

part donor advised fund platform, part economic development engine, and part investment group.

0:30.2

That's a lot of hats, but in layman's terms, tell us what that means, what you're trying to build here, and why now?

0:38.3

Absolutely.

0:39.3

So we would say Project Wellspring is definitely focused on being an economic development engine,

0:45.3

and we want to be the jail and the ecosystem.

0:48.3

We started, I'll tell you a little bit about our origin story, started when me and my other partners,

0:53.3

all of whom have backgrounds across

0:55.4

finance, venture capital, family offices. We noticed that a lot of our peers were doing really

1:01.6

great work to try to solve gaps around mostly wealthy quality, but all of that work was siloed.

1:08.2

And so no one was sharing resources in a really great way.

1:11.1

We weren't sharing knowledge.

1:12.2

It was very much build your own.

1:14.4

And we said something has to change about that because we're not going to go far enough,

1:18.2

fast enough if we can't find a way to collaborate and work together.

1:21.8

And so out of that idea, we actually brought together a room of folks we knew in the community

...

Transcript will be available on the free plan in 15 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from Forbes Media LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Forbes Media LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.