The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
So we just invested in this technology that helps hire substitute teachers for public schools.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
And I'm like, I think that's a great investment, but I want you to ask these additional questions about how are they screening, right?
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
What's the process for vetting these substitute teachers?
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
Yeah, so because early on, so I started running the Phillips Foundation when I was about 24.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
And so now, you know, it's been over a decade that we've put ourselves out there as interested in impact investing.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
So everything we invest in, we look at the impact because I want to take a first do no harm approach and strategy to our investments.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
Now, there's a spectrum of impact investing all the way to ETFs, but down to venture philanthropy.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
And there's different returns for each of those asset classes in different parts of the spectrum.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
But across that spectrum, we're asking questions about if you're a company or a concept that involves children, then we want to diligence you a different way than, you know, your run-of-the-mill real estate business, let's say.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
So we use this lens across our portfolio for profit and on the foundation grant-making side.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
And so when we had this conversation with that investee I was mentioning, they were so receptive.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
They said, and on top of what you've asked, we're gonna look into these three other things too.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
So like the more we talk about it and the more we elevate this conversation to match the data,
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
one in five girls, one in seven boys globally, will be victims of child sexual abuse.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
So, abused before the age of 18.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
I think it's much higher.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
I think it's much higher than what data shows because of the delayed disclosure issue, the shame, especially with male survivors.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
Yeah, and I came forward about my own sexual assault when I was in college at a Senate committee hearing in Texas, because I'm holding all of these stories with people sharing their worst trauma with me.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
I was like, I need to be brave, too.
The Shawn Ryan Show
#272 Elizabeth Phillips - Inside Camp Kanakuk: One of America’s Darkest Child Summer Camps
I need to... I'm gonna disclose what happened to me when I was 21.