our #billiondollarchallenge

Innovated by: Intellect | Legacy Opportunity Foundation | Legacy Opportunity Fund

www.ourbilliondollarchallenge.com

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overview challenge solutions process goals partners contact

overview
The African American community has been disproportionately impacted by our nations recent economic recession. More than 50% of African Americans wealth - held primarily in residential real estate - was wiped away. Today, the wealth gap in America between whites and 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 collaborative designed to create at least one billion dollars in new wealth in the African American community and beyond. Together, we will create multi-billion dollar long-term impact and establish a pay it forward precedent within the black community ultimately increasing its overall wealth for generations to come. As a note, the African American community generates nearly $1T (one trillion) dollar per year in America. With exposure to wealth creating strategies, solutions and tools including a shift in our collective mindset, we will create billions of dollars of new wealth utilizing the very same capital we possess today. We will do more together than we can apart.

challenge
The wealth gap between blacks and whites in America has risen to record highs. The median wealth of white households is 20 times that of black households and 18 times that of Hispanic households, according to a Pew Research Center analysis of newly available government data from 2009. As a result of these declines, the typical black household had just $5,677 in wealth (assets minus debts) in 2009, the typical Hispanic household had $6,325 in wealth and the typical white household had $113,149. Moreover, about a third of black (35%) and Hispanic (31%) households had zero or negative net worth in 2009, compared with 15% of white households. In 2005, the comparable shares had been 29% for blacks, 23% for Hispanics and 11% for whites.

solutions
1. 2. 3. 4. 5. 6. 7. 8. 9. Provide consistent financial, investment and business advocacy, intelligence, education and inspiration to youth, young adults and adult Provide access to legitimate home ownership solutions Encourage and initiate innovative business startups Provide access to startup and growth capital (micro-loan intermediary, crowd fund) Reposition the perception of churches in the financial marketplace as landowners, relevant causes, community stake holders and viable investment partners Provide aggregated human resource [administrative, legal, accounting and tax] best practices and solutions to ministries, churches, businesses and schools Advocate for community and economic development, investment and reinvestment (business incubator, commercial retail development, schools, daycares, scholarship foundations) Form collaborative and cooperative partnerships together with innovative experts and solutions providers Provide wealth management tools (wealth advisory, retirement planning, life insurance, will and estate planning, probate land legal advisory)

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

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%. Make 80 micro-loans to small businesses Receive up to $100K in technical assistance from SBA Year 3 Receive up to $5M in funds from SBA at 0%-1%. Make 800 micro-loans to small businesses Receive up to $1M in technical assistance from SBA

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 in universal coverage) Create 40,000 new small businesses Create 160,000 jobs

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

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 bishop@inbizdev.com www.ourbilliondollarchallenge.com