Reminded How Amazing Humans Are

Brief blog post about a recent charity campaign we conducted and the overwhelming support it received. $70,000 raised in one week. Charity is a staple in my life. It’s been ingrained in me since childhood. My parents, from a very young age, instilled in us the importance of philanthropy by teaching us to give back. They always spoke to us about the importance of charity at home. When I first started to earn, I was excited to be able to give back, but there was a part of me that felt proud and fortunate to be a giver and maybe even to be slightly recognized for giving.  Sometimes it even felt a little unauthentic. But there came a point, when there was a paradigm shift in my entire outlook toward giving. I realized that charity does more for you than you do for it. Altruism nurtures a sense of reality, appreciation, moral, and ethical standards. It requires one to have a sense of responsibility toward those charities dependent on them. I have surely gained more from philanthropy than the charities have from my time or money. Since inception, the founders at YieldStreet have committed to give back and to enable and promote altruism through our platform. We select charities that are close to our hearts and inform our friends and the YieldStreet community about our fundraising efforts. For the second year, in April, we decided to raise funds for a NY soup kitchen, Keren Esther Foundation (“KEF”). KEF had a unique ‘one-off’ project to provide food for Jewish families wishing to celebrate Passover. I have been cooking for and supporting KEF since high-school. KEF is different than many other soup kitchens I’ve encountered. Firstly, with the exception of one person paid to wash the pots, pans, and clean the kitchen, every dollar raised goes directly to charity. There are no admin fees or any other discounts taken from each dollar. Second, KEF was started by a prominent NY businessman who initially (years ago) self financed this project on his own. In fact, the kitchen is his home garage that was converted to a commercial kitchen used exclusively for charity. Third, it’s important to me to be part of a charity where my contributions make a difference. Sometimes, as important as a charity might be and as good as their work may be, I feel like my contribution is just a grain of sand in a desert. With KEF, the recipients are people who, typically, can afford to get by day-to-day. They have jobs and earn a living. However, the holidays and its requirements present a financial burden that they can’t stomach (no pun intended). Therefore, it’s a charity with a finite budget and a problem that can be solved. Lastly, KEF strives to provide people with food that uplifts their spirits and connects them to their families by providing luxurious meals – brisket, ribs, salmon, soups, and other traditional Passover foods. The whole family is usually present – grandparents, parents, and children. Poverty is something that has a profound effect on a person’s (especially children) morale and self-esteem. By letting these people feel proud, by giving them a great tasting dinner that they otherwise could not afford, we are giving them much more than a meal. We instill hope, peace of mind, and sense of happiness. I am proud that YieldStreet can be a part of KEF. In a period of 8 days , we raised ~$70,000. Given the level of outreach, this amount has been overwhelming. People with no connection to the recipients opened their hearts, wallets, and time to be a part of KEF’s mission. KEF is a charity that will not recognize you for your contribution. There’s no dinner, no ads, no board of directors. Its just an anonymous donation of time and/or money. I used to wonder sometimes if people still had it in them to give – they sure do! Thank you to those who participated, and those who will read this and participate. You’ve helped KEF change the lives of over 120 local families in more ways that just providing a meal. Special thanks to those who joined us at the kitchen cooking through the middle of the night. Most of all, thank you for reaffirming faith in people, in our collective ability to join forces and do good. To be selfless and make sacrifices for the sole benefit of others. Until next year,   Michael Wiesz   P.S. if you would like to become a part of KEF, or  have a charity that you would like YieldStreet to consider, please feel free to send us information at [email protected], subject: Charity.
How helpful is this content?

Share this article:

Sign up for Yieldstreet in 3 easy steps

Sign up with your email address

Securely verify your identity and link a bank account

Verify your accreditation (if applicable) to access all of Yieldstreet’s offerings.

The Yield

Our weekly podcast providing ideas about how to make money work for you and bring you closer to your dreams.

Since inception, over $1.7B has been invested on Yieldstreet

Join today for free to access alternative investment opportunities.

1 Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.

3 "Annual interest" or "Annualized Return" represents an annual target rate of interest or annualized target return and "term" represents the estimated term of the investment. Such target interest or target returns and estimated term are projections of the interest or returns and or term and may ultimately not be achieved. Actual interest or returns and term may be materially different from such projections. This targeted interest or returns and estimated term are based on the underlying investments held by the applicable.

4 Reflects the initial quarterly distribution declared by the board of directors on February 6, 2020, which will be payable to stockholders of record as of June 10, 2020, and the initial offering price of $10 per share.

5 The Fund will cease investing and seek to liquidate the Fund's remaining portfolio no later than 48 months after the Fund's initial closing. It may take up to twelve months thereafter to fully monetize any remaining illiquid investments in the Fund's portfolio.

6 Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.

7 The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including July 8th, 2021, after deduction of management fees and all other expenses charged to investments.

8 Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Prism Fund before investing. The prospectus for the Yieldstreet Prism Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetprismfund.com. The prospectus should be read carefully before investing in the Fund. Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.

300 Park Avenue 15th Floor, New York, NY 10022

844-943-5378

No communication by YieldStreet Inc. or any of its affiliates (collectively, “Yieldstreet™”), through this website or any other medium, should be construed or is intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice. Nothing on this website is intended as an offer to extend credit, an offer to purchase or sell securities or a solicitation of any securities transaction.

Any financial projections or returns shown on the website are estimated predictions of performance only, are hypothetical, are not based on actual investment results and are not guarantees of future results. Estimated projections do not represent or guarantee the actual results of any transaction, and no representation is made that any transaction will, or is likely to, achieve results or profits similar to those shown. In addition, other financial metrics and calculations shown on the website (including amounts of principal and interest repaid) have not been independently verified or audited and may differ from the actual financial metrics and calculations for any investment, which are contained in the investors’ portfolios. Any investment information contained herein has been secured from sources that Yieldstreet believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefor.

Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by Yieldstreet or any other party, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment.

Investments in private placements are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Additionally, investors may receive illiquid and/or restricted securities that may be subject to holding period requirements and/or liquidity concerns. Investments in private placements are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.

Alternative investments should only be part of your overall investment portfolio. Further, the alternative investment portion of your portfolio should include a balanced portfolio of different alternative investments.

Articles or information from third-party media outside of this domain may discuss Yieldstreet or relate to information contained herein, but Yieldstreet does not approve and is not responsible for such content. Hyperlinks to third-party sites, or reproduction of third-party articles, do not constitute an approval or endorsement by Yieldstreet of the linked or reproduced content.

Investing in securities (the "Securities") listed on Yieldstreet™ pose risks, including but not limited to credit risk, interest rate risk, and the risk of losing some or all of the money you invest. Before investing you should: (1) conduct your own investigation and analysis; (2) carefully consider the investment and all related charges, expenses, uncertainties and risks, including all uncertainties and risks described in offering materials; and (3) consult with your own investment, tax, financial and legal advisors. Such Securities are only suitable for accredited investors who understand and willing and able to accept the high risks associated with private investments.

Investing in private placements requires long-term commitments, the ability to afford to lose the entire investment, and low liquidity needs. This website provides preliminary and general information about the Securities and is intended for initial reference purposes only. It does not summarize or compile all the applicable information. This website does not constitute an offer to sell or buy any securities. No offer or sale of any Securities will occur without the delivery of confidential offering materials and related documents. This information contained herein is qualified by and subject to more detailed information in the applicable offering materials. Yieldstreet™ is not registered as a broker-dealer. Yieldstreet™ does not make any representation or warranty to any prospective investor regarding the legality of an investment in any Yieldstreet Securities.

Banking services are provided by Evolve Bank & Trust, Member FDIC.

Investment advisory services are provided by YieldStreet Management, LLC, an investment advisor registered with the Securities and Exchange Commission.

Our site uses a third party service to match browser cookies to your mailing address. We then use another company to send special offers through the mail on our behalf. Our company never receives or stores any of this information and our third parties do not provide or sell this information to any other company or service.

Read full disclosure
Copyright © 2021 YieldStreet, Inc.