When Butterfly Equity opened its doors, we simultaneously created the Butterfly Equity Foundation. The mission of the Foundation is to improve the health and well-being of all people by supporting greater access to nutritious food.
The Butterfly Equity general partners have made an ongoing pledge to contribute a meaningful portion of their net profits to the Foundation. We will also amplify impact through seeking outside funds from individual and corporate donors. 100% of administrative costs are covered by Butterfly Equity. This means 100% of every donation goes directly to the Foundation’s nonprofit partners.
When someone doesn’t have dependable access to food, particularly nutritionally rich food, it can have many negative short- and long-term effects on a person’s physical health and mental well-being.
The COVID-19 pandemic has worsened an already staggering food insecurity problem. Even before the pandemic began, Los Angeles County was home to 2 million food insecure individuals, making it the most food insecure county in the entire country. According to a recent study by USC Dornsife’s Public Exchange, more than 1 in 4 households in Los Angeles County have struggled to afford food during the pandemic. This means an additional 500,000 Angelenos faced hunger in the last year.
Because of the dire need for food assistance, the Butterfly Equity Foundation is currently focusing its giving on organizations that provide hunger relief. We’re also prioritizing support for our hometown community of Los Angeles. The Foundation is not accepting unsolicited proposals at this time.
We are currently working on a strategic plan that will be activated in 2021. Funding will continue to be 100% devoted to organizations promoting food justice.
The Butterfly team is deeply passionate about making a positive community impact through food. We believe our food-systems knowledge and networks will enhance the value of our grantmaking. This means we can equip our nonprofit partners with more resources to combat the inequities in our food system and bring greater access to healthy, nourishing food for all.
photos by: Serena Creative and The Dream Center