NET WORTH: $100 million, estimated
SOURCE OF WEALTH: Instagram
FUNDING AREAS: Criminal Justice Reform, Income Security, TBD
OVERVIEW: Mike Krieger and his wife Kaitlyn cofounded the Future Justice Fund, an emerging philanthropic venture focused on criminal justice reform in the U.S. and income security. The couple's philanthropy is still developing, but they also partnered with GiveWell to support operations related to the Open Philanthropy Project.
BACKGROUND: Born in 1986 and a native of Sao Paulo, Brazil, Mike Krieger holds an MS in symbolic systems from Stanford University. He worked at Meebo as a user experience designer and front-end engineer. Along with Kevin Systrom, Krieger co-founded Instagram, a global community that shares more than 60 million photos every day.
CRIMINAL JUSTICE REFORM: In December 2015, Krieger and Kaitlyn co-founded Future Justice Fund (FJF), whose primary funding area is criminal justice reform in the U.S., with an "emphasis on ending mass incarceration and creating safer, stronger communities." Kaitlyn, a Yale graduate who once worked for TaskRabbit, serves as president of FJF. In this grantmaking and investment area, FJF supports places like Common Justice, which has created the "first (and so far only) alternative-to-incarceration and victim service program that focuses on violent felonies in the adult courts"; Color Of Change; The Marshall Project; and Californians for Safety and Justice, which "works with Californians from all walks of life to replace prison and justice system waste with common sense solutions that create safe neighborhoods and save public dollars." In 2017, many of FJF's grantees prioritized California bail reform efforts.
INCOME SECURITY: Future Justice Fund's second grantmaking category is income security, and is "particularly interested in the idea of a guaranteed minimum income for all Americans, and are eager to bring new voices to the conversation about this idea." FJF has supported The Economic Security Project, "a two year fund to support exploration and experimentation with unconditional cash stipends." In 2016, FJF supported GiveDirectly and a basic income study in Kenya.
GIVEWELL: Krieger and Kaitlyn have committed to working with GiveWell and The Open Philanthropy Project. Open Philanthropy Project, a collaboration between Good Ventures and GiveWell, focuses on such areas as U.S. policy, Scientific Research, and Global Health and Development. As Kaitlyn explains in a blog, the couple were inspired to work with Open Philanthropy project after they met with Good Ventures co-founder Cari Tuna. Krieger and Kaitlyn committed $750,000 over two years.
In Kaityln's blog she lays out the couple's philanthropic mission statement:
We believe that all people deserve a free, vibrant, and productive life. To support this vision, we identify and champion forward-thinking ideas, and help scale solutions that work. To create significant, sustainable change, we are committed to systems-level thinking and rigorous analysis. We advocate collaboration and transparency to engage a broader community and magnify our impact.
Kaitlyn also mentions other things they are interested in including the arts, education and supporting the Bay Area. They've been involved with SFMOMA and SFJAZZ, as well as after-school programs like Little Opera. Kaitlyn was once a trustee of the San Francisco Awesome Foundation, which gives monthly $1000 microgrants to projects that bring "fresh conversation and general awesomeness to the Bay Area."
LOOKING FORWARD: This Bay Area power couple is still quite young but are already trying to get ahead of the curve with their philanthropy. As Kaitlyn puts it, " Mike and I are committed to giving away a lot of our wealth during the course of our lifetime. It’s very early days, so one of our biggest goals is educating ourselves about the landscape and and context of philanthropy today."