The Giving Apps: How Venmo and Cash App Upended a Century-Old Charity Model
In 2020, Venmoing total strangers in need became a radical act of support — and trust
Raised in a six-bedroom mansion in Philadelphia’s outer exurbs — the kind with a grand circular driveway, tucked 100 yards from the street — 25-year-old Jake learned from an early age that wealthy families like his had a moral obligation to give back through charity.
Jake, who asked OneZero to protect his last name, shares his surname with a major college that renamed itself in honor of his late grandmother. His grandfather, the millionaire founder of a family-run tax software firm, cut $2,500 checks each Christmas to the charities each grandchild selected. Growing up, Jake watched his parents primp for charity galas and endow scholarships. They would casually pick up the tuition of kids they met on their international vacations. For a period in his childhood, Jake’s parents even operated their own children’s health nonprofit.
Despite that white-gloved lineage, Jake — who voted for Bernie Sanders in the Democratic primary, and still struggles to explain the wealth he inherited — does not exude Carnegie or Rockefeller vibes. In conversation, the freelance film technician is boisterous and self-deprecating and very, very…
