Billion Dollar Challenge

8/4/2019 Billion Dollar Challenge

1/11

our #billiondollarchallengeInnovated by:

Intellect | Legacy Opportunity Foundation | Legacy Opportunity Fund

www.ourbilliondollarchallenge.com


2/11

content

overview

challenge

solutions

process

goals

partners

contact


3/11

overview

The African American community has been disproportionately impacted by our nationsrecent economic recession. More than 50% of African Americans wealth - held primarily inresidential real estate - was wiped away. Today, the wealth gap in America between whitesand blacks exceeds $100,000.

We must innovate and collaborate to replace and create new wealth. To this end, the#billiondollarchallenge was created.

The #billiondollarchallenge is a multi-faceted, multi-year wealth building collaborativedesigned to create at least one billion dollars in new wealth in the African Americancommunity and beyond. Together, we will create multi-billion dollar long-term impact andestablish a pay it forward precedent within the black community ultimately increasing itsoverall wealth for generations to come.

As a note, the African American community generates nearly $1T (one trillion) dollar peryear in America. With exposure to wealth creating strategies, solutions and tools includinga shift in our collective mindset, we will create billions of dollars of new wealth utilizing thevery same capital we possess today.

We will do more together than we can apart.


4/11

challenge

The wealth gap between blacks and whites inAmerica has risen to record highs. The medianwealth of white households is 20 times that of blackhouseholds and 18 times that of Hispanichouseholds, according to a Pew Research Center

analysis of newly available government data from2009.

As a result of these declines, the typical blackhousehold had just $5,677 in wealth (assets minusdebts) in 2009, the typical Hispanic household had$6,325 in wealth and the typical white householdhad $113,149.

Moreover, about a third of black (35%) andHispanic (31%) households had zero or negativenet worth in 2009, compared with 15% of whitehouseholds. In 2005, the comparable shares hadbeen 29% for blacks, 23% for Hispanics and 11%for whites.


5/11

solutions

1. Provide consistent financial, investment and business advocacy, intelligence,education and inspiration to youth, young adults and adult

2. Provide access to legitimate home ownership solutions

3. Encourage and initiate innovative business startups

4. Provide access to startup and growth capital (micro-loan intermediary, crowdfund)

5. Reposition the perception of churches in the financial marketplace as land-owners, relevant causes, community stake holders and viable investmentpartners

6. Provide aggregated human resource [administrative, legal, accounting and tax]best practices and solutions to ministries, churches, businesses and schools

7. Advocate for community and economic development, investment andreinvestment (business incubator, commercial retail development, schools,

daycares, scholarship foundations)8. Form collaborative and cooperative partnerships together with innovative

experts and solutions providers

9. Provide wealth management tools (wealth advisory, retirement planning, lifeinsurance, will and estate planning, probate land legal advisory)


6/11

process

Year 1

Initiate education and exposure efforts

Partner with influencers

Initiative marketing campaign

Social media

Digital

TV

Radio

Build active and qualified database

Launch membership program

Launch micro-loan fund in local markets

Launch $1B crowd saving initiative with major bank

Launch $1B real estate initiative with major bank

Year 2

Launch the $1B crowd investment fund

Continuing building and expanding all initiatives

Year 3 and beyond

Launch the STEM (science, technology, engineering and math) business incubator

Continuing building and expanding all initiatives


7/11

micro-loan fund

process Micro-loan fund

Year 1

Raise initial $50K

Make 8 micro-loans to small businesses

Provide technical assistance to these small businesses

Year 2

Receive up to $500K in funds from SBA at 0%-1%.


Receive up to $100K in technical assistance from SBA

Year 3

Receive up to $5M in funds from SBA at 0%-1%.


Receive up to $1M in technical assistance from SBA


8/11

five year goals

Educate, inform and expose millions to vetted wealth building intelligence

Build multi-million name database

Launch 100 micro-loan intermediaries

Create $1B in crowd savings deposits in a national bank

Create $1B in crowd investment fund

Create $1B in new home ownership (10,000 homes at $100K value)

Create $1B in universal life insurance (1000 churches, companies or people x $1M inuniversal coverage)

Create 40,000 new small businesses

Create 160,000 jobs


9/11

partners

Intellect

Legacy Opportunity Foundation

Legacy Opportunity Fund

The White House

Small Business Administration

United States Treasury Department

Startup America Partnership

J.P. Morgan Chase

Diverse Financial

CFED

Youth About Business

Urban Professionals

International Bishops Conference

Spokespersons

Rodney Sampson, Private Sector

Celebrity, TBD

Sports, TBD


10/11

contact

Legacy Opportunity Foundation

c/o Rodney Sampson, MBA

3455 Peachtree Road, NE

5th Floor

Atlanta, GA 30326 USA

+1.404.995.7094 office

+1.404.822.8641 direct

+1.404.995.7001 fax

[email protected]

www.ourbilliondollarchallenge.com


11/11

Documents

Billion Dollar Challenge