NET WORTH: $100 million, estimated
SOURCE OF WEALTH: Instagram
FUNDING AREAS: Criminal Justice Reform, TBD
OVERVIEW: Mike Krieger and his wife Kaitlyn cofounded the Future Justice Fund, an emerging philanthropic venture whose initial work will focus on criminal justice reform in the United States. The couple's philanthropy is still developing, but they also recently 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 cofounded Instagram, a global community that shares more than 60 million photos every day.
FUTURE JUSTICE FUND: In December 2015, Krieger and Kaitlyn cofounded Future Justice Fund, whose first focus 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 Future Justice Fund.
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 cofounder Cari Tuna. Krieger and Kaitlyn have committed $750,000 over the next 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're 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."
LINK: Future Justice Fund