A month ago, Alex Iskold emailed me about a new initiative that he started with Minda Brusse and a group of 20 volunteers called the $1K Project.
The mission of the $1K Project is to help families impacted by the pandemic by connecting them directly with sponsors who are willing to gift them $1k a month for three months. This is intended as a bridge until government funding shows up, people can get back to work, or figure out another source of funding.
I committed to fund five families on the spot for three months. I just fulfilled my second set of committments to these families.
Alex told me that part of his motivation is that with all the different ways there are to gift money, families everywhere are hurting and are unable to provide food, basic necessities, rent, and utilities. Unless you know someone, it’s very hard to directly support another family you don’t know.
The magic of the $1k Project is using trusted connections to trace back to people known to the founders and other people connected to the $1k Project. Families get referred to us through friends, families, and through their former employers who are pained by having to let the employees go.
Think of it for a chain letter in CovidWorld.
If you are an employer you can nominate someone you laid off due to Covid. Alternatively, you can nominate a friend, a family member, a business owner, or someone else you know who lost their job to Covid.
In the last 30 days, over $500,000 has been given directly to families in need. Each has a story. Each has a need.
Alex and team – awesome job.
For the readers out there, if you are inspired to make a difference directly in a family’s life and you can afford $1k / month for three months, give the $1k Project a shot and sign up to be a sponsor.