<medium-term lurker, first time poster; also, Epistemic Status = spitballing>

Has anyone encountered the idea of 'direct payment' philanthropy in the form of investment portfolios?

Some background:

• this idea is acknowledged to be out of scope in terms of the central question of maximizing altruistic impact, in the traditional EA sense;
• also, while inspired in part by the 'Direct Payment' model of poverty reduction, the notion is on a fundamentally different tack and would clearly not address profound poverty directly. It might hope to mitigate 'poverty in the future' for families whose margins do not admit retirement planning and the like;
• in this instance, the idea was initially conceived as an attempt to promote equity and increase representation among public investors by giving charitable gifts in the form of investment portfolios to under-represented households in the hope of reducing barriers of entry to participation in equity markets, particularly those resulting from the legacy of racial inequality, as well as to multiply whatever small power public investors have in addressing that legacy through engagement with companies by increasing the proportion of investors who prioritize racial justice (N.B. there are a variety of opinions on how 'impact investment' can work and, indeed, whether it can at all).

My initial searches and direct queries did not turn up any examples or discussions of the idea, and several of my correspondents suggested that I solicit feedback in this forum.

If you have heard of any discussion or example of a similar program, I'd be glad to know it. If this post belongs better elsewhere on the site, or not on it at all, I apologize.