Rare Impact Fund reports more than $30 million raised, but a 2025 report says $20 million

Selena Gomez hosts the fourth annual Rare Impact Fund Benefit at the Hollywood Palladium in Los Angeles on 14 October 2026. Sean Hayes, the Emmy Award-winning actor and comedian, is the emcee. The fund’s announcement, issued on 24 August 2026, places the event within its goal of mobilising $100 million for organisations that expand access to youth mental health services and education worldwide.

The totals raised so far are reported in different figures. The August announcement says the fund has raised more than $30 million since it launched in 2020. A report on a 2025 Rare Beauty mental health summit gives more than $20 million to date.

What the benefit includes and what the last one raised

The benefit includes a live auction, according to the announcement. Listed items include a basketball signed by LeBron James and a luxury getaway to Civana Wellness Resort and Spa. The auction is one part of an evening that the announcement ties to the fund’s mission of supporting youth mental health.

The 2025 benefit raised more than $2 million from more than 20 sponsors, according to the announcement. A report published on 25 August 2026 repeats the more-than-$2-million figure as reported. It also names SmartLess, Paul Rudd and The Ranch Malibu among that year’s auction offerings, which it describes as exclusive.

The 2025 result is the most recent event total in the reporting.

The later report places the event at the Hollywood Palladium with Sean Hayes as emcee, matching the fund’s announcement. The two accounts agree on the date, the venue and the host.

Fund at a glance
One per cent of all Rare Beauty by Selena Gomez sales goes to the Rare Impact Fund, according to the fund’s August 2026 announcement. The fund is a fiscally sponsored project of the Hopewell Fund, a 501(c)(3) public charity.

How the fund moves money to nonprofits

The Rare Impact Fund is a fiscally sponsored project of the Hopewell Fund, a 501(c)(3) public charity, according to the fund’s website. It mobilises philanthropic money for mental health nonprofits and connects donors with those groups. The site also says the fund works to reduce stigma around youth mental health.

The fund says it sources and vets mental health nonprofits and distributes money to organisations it considers trustworthy and aligned with its mission.

The fund collects and analyses quantitative and qualitative data from its nonprofit partners to inform how it delivers grants and resources, and it monitors their progress, the website says.

The fund says it prioritises nonprofits that serve underrepresented populations. As of August 2024, it reports that 40 per cent of its portfolio is BIPOC-led, and that 20 per cent of its nonprofit partners worldwide are led by people of color. The impact page describes the fund’s focus as changing the wider youth mental health landscape.

Where the money goes: partners and reach

The fund’s impact page lists 30 nonprofit organisations across five continents. Its figures are given as of August 2024, and include 3.5 million young people reached through direct investments.

The page gives two partner examples. Didi Hirsch runs suicide prevention outreach and education, including an online training platform for students, parents, teachers and counsellors, alongside in-person community outreach. The JED Foundation works on systems change, and its partner testimonial describes a comprehensive approach that has shifted the youth mental space, as more funders explore ways to have a significant impact on the field.

The two examples show different parts of the work: direct outreach and training on one side, and changes to how systems operate on the other.

The same page lists wider reach: 6,000 educational systems, 208,000 educators, 6 million community members and more than 1,000 mental health resources. The fund’s website also says its work connects donors and partners with millions of young people globally. The count of 30 partners appears in the August 2026 announcement, the impact page and the 2025 summit report.

How Rare Beauty sales feed the fund

One per cent of all Rare Beauty by Selena Gomez sales goes to the fund, according to the August 2026 announcement. The fund’s website and a report on a 2025 summit describe the same model.

Because the share is tied to sales, the money reaching the fund from the brand moves with how much Rare Beauty sells. The fund also raises money from philanthropic foundations, individuals, corporate partners and the Rare Beauty community, the announcement says. The brand’s share is one of several listed sources.

Rare Beauty also hosts mental health events. Its fourth annual Mental Health Summit was set to take place in downtown Los Angeles on 1 May 2025, and expected to welcome about 175 participants. It was to continue the format of the previous year’s New York summit, with interactive conversations on mental health and self-acceptance, and to close with a fireside chat featuring the life coach and podcaster Jay Shetty.

The 2025 benefit raised more than $2 million from more than 20 sponsors.

Why the reported totals differ

The August 2026 announcement puts the total at more than $30 million since 2020. The report on the 2025 summit gives more than $20 million to date, an earlier figure. The impact page lists $30 million as mobilised, with figures given as of August 2024.

Reach figures also differ. The announcement and the impact page give 3.5 million young people, while the 2025 summit report gives nearly 1.9 million, described as a target rather than a result.

The fund’s materials describe the $100 million figure as a goal to mobilise, not an amount already raised. The about page frames it as philanthropic dollars the fund aims to bring in.

Open questions

The most recent event total in the reporting is the 2025 figure of more than $2 million.

The August announcement states the aim as mobilising $100 million for organisations that increase access to youth mental health services and education.

Photo: Joella Marano from Manhattan, NYC · CC BY-SA 2.0 · via Wikimedia Commons