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donation and competed to win the combined donation pool for the charity of their choice. As with every contest PwP manages, 100% of all entry donations were passed on to the winning charities. We had no idea this first contest would spark the philanthropic spirit of an entire industry. Fast forward to 2020 and our annual contests regularly draw thousands of professional and amateur investors who compete on behalf of their favorite charities.
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Portfolios with
Purpose hosted its first stock picking contest for charity in 2013. 50 friends and family came together to play this year-long contest with each contestant building a fantasy stock portfolio and selecting a charity to represent. Players “bought-in” to the contest with an entry
211:. The contestants with the top-performing portfolios over a 12-month period will direct the sum total of the collected entry-fees to the charitable cause of their choice; and have the opportunity of a meeting with one of the professional
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Portfolios with
Purpose is an all-volunteer, non-profit organization overseen by a board of directors. Competitor stock portfolios are tracked, and progress is calculated daily. The contest's financial audits are prepared by
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Asher's professional background and the history of the formation of
Portfolios with Purpose is detailed along with other notable public figures in Forbes Magazine on December 1, 2012.
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On
September 6, 2012 Portfolios with Purpose announced the start of public registration, and the participation of several major hedge fund players:
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On
December 19, 2013 Portfolios with Purpose announced the official launch of the 2014 Contest Year with several participating philanthropists.
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competition in which players of novice and professional experience pay a nominal entry-fee to choose a five-stock, long-term
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After a year-long trial period, the public announcement of
Portfolios with Purpose was conducted on June 20, 2012.
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both founding
Portfolios with Purpose members announced their return to the contest. As well as
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561:"PwP Tests Your Investing Acumen, All In The Name Of Charity"
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Brett
Waikart is the Executive Director and President.
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Philanthropic organizations based in the United States
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593:. CNBC Video Archive. Archived from
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