Where Stars Give. Fans Bid. Charities Win.

New York, USA

Clio’s Legacy Foundation is introducing a new model for celebrity philanthropy, creating a year-round platform where artists, athletes, entertainers, and public figures can transform meaningful experiences and personal memorabilia into lasting support for the charities they care about most.

Rather than relying solely on traditional fundraising galas or one-time charitable appearances, Clio’s Legacy Foundation enables celebrities to donate signed collectibles, private experiences, masterclasses, behind-the-scenes access, or treasured keepsakes to be auctioned for charity. Seventy percent of the proceeds from every auction benefits the celebrity’s charity of choice, creating a sustainable fundraising model that brings together celebrities, fans, and nonprofit organizations in a meaningful new way.

Among the nonprofit organizations participating in and benefiting from Clio’s Legacy Foundation’s charitable initiatives are the Tunnel to Towers Foundation, the USTA Foundation, DARE—Dachshund Adoption, Rescue and Education, the Humane Society of Greater Miami, and the United States Australian Shepherd Foundation. These organizations represent just a few of the important causes the Foundation is committed to supporting through its growing philanthropic platform.

Inspired by the unconditional love of a dog named Clio, the Foundation was built on a simple belief: generosity should be authentic, personal, and accessible. Instead of asking celebrities for more of their time, Clio’s Legacy Foundation helps them transform what they already do—and the meaningful items and experiences they can share—into opportunities that create a lasting impact.

“Celebrity influence is one of the most powerful resources in the world, but its greatest value isn’t measured by fame—it’s measured by the lives it can change,” said Katalin Prauda, former professional tennis player and Founder and Chairwoman of Clio’s Legacy Foundation. “Our mission is to make giving back effortless for public figures while creating unforgettable opportunities for fans to support the causes they believe in.”

A Platform That Works All Year

Clio’s Legacy Foundation was designed to fit naturally into the schedules of today’s busiest public figures.

Whether it’s a signed guitar following a concert, a movie prop from a memorable film, a private tennis lesson, backstage access, lunch with a favorite actor, or a one-on-one masterclass, every experience becomes an opportunity to support a charitable cause.

Unlike traditional fundraising campaigns that happen once or twice a year, the Foundation’s platform allows celebrities to participate whenever it fits their schedule, creating recurring opportunities for nonprofits to raise funds throughout the year.

The result is a simple but powerful model that requires very little additional time from participating celebrities while creating lasting value for charitable organizations.

A Deeper Connection Between Stars and Fans

Every auction offers more than an exclusive item or experience—it creates a meaningful connection.

Fans gain access to opportunities that cannot be purchased anywhere else while knowing their winning bid directly supports a charity chosen by the celebrity they admire.

The platform also allows public figures to share a more personal side of themselves by highlighting the organizations and causes that have shaped their lives and inspired their philanthropy.

Every experience tells a story. Every auction supports a purpose. Every winning bid becomes an act of generosity.

With 70 percent of every auction benefiting charity, Clio’s Legacy Foundation transforms celebrity influence into year-round charitable impact.

A New Vision for Philanthropy

Juan Acosta, Member of the Board of Directors of Clio’s Legacy Foundation, believes the Foundation is creating a new standard for charitable giving.

“Most charitable initiatives ask celebrities for another appearance, another speech, or another donation,” said Acosta. “Clio’s Legacy asks something different. It invites them to share something meaningful they already have—a signed keepsake, an unforgettable experience, or a personal memory that fans genuinely value.”

“That authenticity is what makes the platform so powerful. It requires very little additional time, strengthens the relationship between celebrities and their supporters, and generates sustainable funding for charities throughout the year.”

Signature Events

The Foundation’s next major event will take place on November 14 with Stars, Paws & Fans, a fundraising reception and silent auction celebrating compassion, philanthropy, and the bond between people and animals.

The evening will bring together celebrities, athletes, business leaders, philanthropists, animal advocates, and supporters to bid on exclusive celebrity memorabilia and once-in-a-lifetime experiences while raising meaningful support for charitable organizations.

Each March, Clio’s Legacy Foundation will also host its flagship star-studded red carpet gala and celebrity auction in Miami, bringing together influential public figures, nonprofit leaders, corporate partners, and philanthropists for an evening dedicated to celebrating generosity and creating lasting impact.

Looking ahead, Prauda envisions Clio’s Legacy becoming the premier destination for celebrity-driven philanthropy.

“We’re building what I believe can become the Amazon of celebrity philanthropy—a trusted marketplace where stars can effortlessly give back, fans can bid on extraordinary experiences, and charities receive sustainable funding throughout the year,” said Prauda. “When people think about using the power of celebrity to make a difference, I want them to think of Clio’s Legacy. That’s the future we’re creating: Where Stars Give. Fans Bid. Charities Win.”

As Clio’s Legacy Foundation continues to expand, it is building a year-round ecosystem where celebrities, fans, nonprofit organizations, and corporate partners come together to create lasting charitable impact through authentic experiences and meaningful connections.

About Clio’s Legacy Foundation

Clio’s Legacy Foundation is a nonprofit organization dedicated to transforming celebrity influence into meaningful charitable impact. Inspired by the unconditional love of a dog named Clio, the Foundation connects artists, athletes, entertainers, and public figures with fans through exclusive memorabilia, one-of-a-kind experiences, and personal interactions that generate year-round support for charitable organizations. Through its innovative platform, signature fundraising events, and annual Miami gala, Clio’s Legacy Foundation is redefining philanthropy by creating a future Where Stars Give. Fans Bid. Charities Win.

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Liana Zavo
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Higher valuations for existing bonds do not necessarily translate into higher future investment income. Insurance asset managers must consider whether new cash flows can replace those lost as existing holdings mature.

Brasília, Brazil

When a bond repays its principal on schedule, it usually marks the successful completion of an investment. For an insurer with continuing long-term payment obligations, however, another challenge begins when the money arrives: on what terms can those proceeds be reinvested?

In examining how interest rate cycles affect insurance portfolios, Antonio Krambeck focuses on the continuity of investment income after assets mature. The central issue is whether insurers can continue generating cash flows consistent with their liabilities as existing holdings leave the portfolio and market conditions change.

Short-term market performance can obscure this question. All else being equal, falling market yields generally increase the prices of fixed-rate bonds. For institutions preparing to reinvest maturing principal, however, lower yields may also mean that the next investment generates less interest income.

The same interest rate movement can improve the market value of existing assets while reducing the income available from new investments. These effects occur at different times and may also be reflected differently in financial statements.

Pressure May Emerge Gradually as Assets Mature

Krambeck’s analysis distinguishes between the income a portfolio generates today and the income it may generate in the future.

Previously purchased fixed-rate assets generally continue paying interest under their existing contractual terms. As a result, a portfolio’s current interest income may remain temporarily stable even after market yields have changed. The effect on income becomes more visible as those assets mature and new investments replace them.

This creates a lag. Stable income today does not, by itself, indicate that future earning conditions remain unchanged.

Consider an insurer whose bonds mature over the next several years while the corresponding insurance payment obligations extend much further into the future. If comparable assets offer lower yields when the proceeds are reinvested, the insurer will need to reassess its future income projections. This illustrates a typical form of reinvestment risk; it does not suggest that any particular institution already faces a payment shortfall.

The extent of the impact depends on several factors, including the distribution of asset maturities, liability cash flows, contractual guarantees and existing risk management measures. A single interest rate adjustment therefore cannot support the same conclusion about every insurer.

Asset Maturities Must Be Read Alongside Payment Obligations

Within this discussion, Krambeck highlights the importance of a portfolio’s maturity profile.

Two bond portfolios of the same size may adjust to new market yields at different speeds if one has maturities concentrated within a short period and the other has maturities spread over time. A portfolio’s average yield can describe its current position, but it cannot, on its own, show how much income will need to be replaced in the years ahead.

The relevant questions must be considered together: when will funds be returned, how much will be needed for insurance payments, and what maturity and risk conditions will be acceptable when the remaining proceeds are reinvested?

Not all maturing principal needs to be reinvested. Some may be used directly to meet obligations falling due. Only by considering the liability schedule can an institution assess the scale of its reinvestment needs and identify when those needs will be concentrated.

For business carrying long-term guarantees, the relationship between asset income and the cost of liabilities warrants particular attention. Investment income changes as a portfolio turns over, but some commitments in existing contracts cannot be adjusted simply because market rates have fallen.

This is why insurance investment planning cannot rely solely on the market yield available at a particular moment. It must account for how income sources will change over time, how payment obligations will continue and whether a gap between the two needs to be addressed.

Replacing Income Cannot Be Separated From the Risks Taken

When reinvestment conditions weaken, maintaining an existing level of income becomes a practical concern. Krambeck’s view is that comparing the coupon rates of old and new assets is not enough; the conditions required to earn that income must also be understood.

Higher yields may come with weaker credit quality, longer commitments of capital or tighter restrictions on exit. Changing these conditions to compensate for lower interest income also changes the risks carried by the portfolio.

Extending investment maturities likewise requires an assessment of the insurer’s liabilities. A longer maturity may reduce the need to find another investment for some funds in the near term, but it may also change the portfolio’s sensitivity to interest rates and its flexibility in meeting cash needs.

Reinvestment management therefore involves more than locking in a yield as quickly as possible. Whether the maturity is suitable, the credit quality is acceptable and the funds will be needed for future payments are all parts of the same decision.

Rising Rates Do Not Automatically Remove the Pressure

The same analysis applies when interest rates rise.

Higher market yields may improve the income available from new investments, while existing fixed-rate bonds may decline in market value. If an institution needs to sell assets before maturity, those price changes may affect the amount of cash it can raise.

Beyond the asset portfolio, some insurance products may also be affected by changes in policyholder behavior. If cash needs change, an insurer may not be able to follow its original timetable of waiting for existing assets to mature and gradually purchasing new ones.

Assessing the effect of interest rate movements on an insurer therefore requires consideration of existing holdings, new investments and liability behavior. Looking at any one of these in isolation can reduce a complex asset-liability relationship to an overly simple judgment of whether a rate movement is favorable or unfavorable.

Antonio Krambeck seeks to bring the discussion back to these timing relationships: which past investment decisions generate today’s income, which future income streams will need to be established, and how much flexibility the institution has retained to manage that transition.

For insurance portfolios, an asset’s maturity is not the end of long-term management. Once an existing holding leaves the portfolio, sustaining the next stream of income still requires careful decisions about returns, risk and payment obligations.

About Antonio Krambeck

Antonio Krambeck is a financial professional focused on insurance asset management. His areas of professional interest include asset-liability management, duration, credit risk, portfolio liquidity and reinvestment risk.

This article discusses general principles of insurance asset management and does not constitute specific investment advice. The actual impact on any institution depends on its asset structure, liability characteristics and applicable accounting and regulatory arrangements.

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Antonio Krambeck
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Website: www.antoniokrambeck.com

Fresh off recognition from the Philadelphia Business Journal's Fast 50 and Titan 100, the five-star-rated agency is doubling down on AI, expanding its leadership footprint, and now serving businesses in all 50 states.

Philadelphia, PA, September 17, 2026

Momentum Digital, a five-star-rated digital marketing agency founded by former Googler Mac Frederick, has been named to the Inc. 5000 for the third consecutive year, ranking No. 124 in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area and No. 145 in Pennsylvania. The agency also ranked No. 391 among Advertising, Marketing, and PR companies nationally.

The recognition arrives alongside a string of other honors this year: Momentum Digital was also recently named to the Philadelphia Business Journal’s Fast 50, adding to a growing list of accolades that includes the Titan 100 and six-time recognition from the Philadelphia100.

The honor lands as Momentum kicks off its 11th year in business. The agency is launching a dedicated AI division, expanding its client base to all 50 states, growing its leadership team into New Jersey and Pittsburgh, and rolling out a new brokerage partner program for freelancers and agencies ready to grow.

Mac Frederick founded Momentum after leaving a career at Google to build something of his own. Eleven years later, that bet has paid off: the agency now operates across two divisions, Momentum Digital, covering SEO, web design and management, and paid ads, and Momentum 360, covering content, social media, and video, for small and mid-sized businesses across home services, healthcare, legal, B2B, and other local industries.

“Earning a spot on the Inc. 5000 for the third year in a row, alongside recognition from the Philadelphia Business Journal’s Fast 50, the Titan 100, and six years on the Philadelphia100, says more about our team and our clients than it does about us,” said Mac Frederick, Founder and CEO of Momentum Digital. “Every business we’ve helped grow is part of that streak. That’s why we’re not treating it as a finish line. We’re building out a real AI division, not bolting one on, opening our brokerage partner program to freelancers and agencies who want to grow by partnering with us.”

A New AI Division, Expanding Nationwide

Momentum’s new AI division comes at a pivotal moment for how people find and choose businesses online. As more consumers turn to ChatGPT and other AI-driven platforms instead of traditional search engines, Momentum is positioning clients to be found first, not just found, through AI search optimization, answer and generative engine optimization (AEO/GEO), automation, and chatbot integration. The goal: measurable

AI-driven traffic, leads, and brand visibility. The investment comes as Momentum, headquartered in Philadelphia, now serves clients in all 50 states, with leadership expanding into New Jersey and Pittsburgh through a growing roster of new hires across marketing, sales, and content.

A New Brokerage Partner Program

Momentum is also launching a new brokerage partner program, giving freelancers and agencies a direct path to grow alongside the agency. Partners can plug into Momentum’s fulfillment capacity across both divisions while building their own book of business. The program is supported by Momentum’s established fulfillment infrastructure, national client reach, Google Partner and Meta Business Partner designations, and platform partnerships with Mailchimp, Wix, and Jobber.

About Momentum Digital

Momentum Digital is a five-star-rated, award-winning digital marketing agency headquartered in Philadelphia, helping small and mid-sized businesses turn marketing into measurable growth. For more than a decade, the agency has combined strategy, search visibility, paid media, creative, automation, and analytics to help clients generate leads, strengthen customer acquisition, and adapt to changing digital behavior. Momentum serves businesses nationally across home services, healthcare, legal, B2B, and other industries. Learn more at needmomentum.com.

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Melissa Silber
Momentum Digital
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Phone: (215) 876-2954