Patrick Schmitt and Jenny Xia Spradling (FreeWill) - Building From Values

Entrepreneurial Thought Leaders (ETL)

Stanford eCorner

Journey, Startups, Education, Stanford, Culture, Strategy, Stanford University, Entrepreneurship, Business, Life Lessons, Thought Leadership, Creativity, Etl, Challenges, Leadership, Innovation, Founders

4.4 • 739 Ratings

🗓️ 27 April 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Patrick Schmitt and Jenny Xia Spradling are the co-founders and co-CEOs of FreeWill, a social venture that has helped charitable organizations generate more than $5 billion in new planned gifts, stock gifts, and qualified charitable distributions. In this conversation with lecturer Toby Corey, Schmitt and Spradling discuss how they’ve built values such as kindness into their company from the beginning, and how entrepreneurs can use their company’s values and mission to drive fundraising and growth.

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Transcript

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0:00.0	Who you are defines how you build.
0:06.8	This is the Entrepreneurial Thought Leaders series.
0:10.7	Brought to you by Stanford E-Corner.
0:14.5	Good afternoon. I'm Toby Corey, and I want to welcome you to the Entrepreneurial Thought Leaders series.
0:20.1	It's presented by STVP.
0:22.4	We're the Entrepreneurship Center in Stanford School of Engineering and Basis,
0:26.9	the Business Association of Stanford Entrepreneurial Students.
0:30.5	Today, I am incredibly delighted to welcome Jennifer Joss Balding and Patrick Smith to ETL. How are you guys doing today?
0:41.0	Really well.
0:42.5	Fantastic. Well, Patrick and Jenny are the co-founders and co-CEOs of free will. And for those
0:49.3	that don't know what that is, it's a social venture that has helped charitable organizations
0:52.9	generate more than you ready for this?
0:54.8	$3.7 billion in new plan gifts, stock gifts, and qualified charitable distributions.
1:01.8	It's just unbelievable.
1:03.5	They were recently named two of the top 50 philanthropists in the world by town and country.
1:09.1	Schmidt previously served as head of innovation at
1:11.5	Change.org. I'm sure many of you aware of the fantastic work they did there, helping to grow
1:16.5	that organization to 200 million members in just four years. Josh Spalding is an alumni of
1:23.7	McKinsey and Bain Capital, where she helped start the largest impact investing fund in the U.S.
1:29.7	She was also a co-founder of Paribus, a fintech startup that exited the Capital One.
1:35.7	She was also featured on the Forbes 30 under 30 list.
1:40.1	And get ready for this, they both earn their MBAs from Stanford University's graduate school of business.
	...

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