Founding Investors Brief · 2026
The abortion ecosystem needs
more funding and the infrastructure
to make it go further.
A digital investment prospectus
The Unassailable
Truth.
Every person deserves the freedom to make decisions about their own body, their own future, and their own family.
The evidence is clear. The landmark Turnaway Study demonstrates that access to abortion changes the trajectory of a person's life. People who receive the abortion they seek are more likely to maintain economic stability and pursue their educational and career goals.
Bodily autonomy is more than a healthcare issue. It is an issue of economic justice, racial justice, gender equity, and human dignity.
The majority of abortion seekers are low-income BIPOC.
Below 200% FPL
Seventy-one percent of abortion patients live at or below 200 percent of the federal poverty level.
People of Color
Sixty-one percent of abortion patients are people of color.
Already Parents
Nearly sixty percent are already raising children.
These families are forced to choose between paying their rent, feeding their children, and keeping their jobs or traveling hundreds/thousands of miles away to obtain this essential healthcare.
The movement's challenge has fundamentally changed. Winning legal rights is no longer enough. The next generation must build the infrastructure that allows people to exercise those rights for a generation.
A right that exists only on paper is not enough.
Abortion is still legal in (most of) the United States, but only half of abortion seekers can afford it, and the current restrictions make it even more challenging for people to access.
Timeline
From Legal Rights to an Infrastructure Crisis
Fifty Years of Racial Justice and Feminist Progress Under Attack.
A Half-Century of Eroding Access.
1973
Roe v. Wade
Abortion becomes a constitutional right.
1976
Hyde Amendment
Financial barriers begin.
1980s–2021
Restrictions Expand
Funding cuts, clinic closures, and state restrictions steadily erode access.
2022
Dobbs
Constitutional protections are overturned.
Today
Infrastructure Era
Access now depends on coordinated providers, funding, travel, and support.
1973
Roe v. Wade
Abortion becomes a constitutional right.
1976
Hyde Amendment
Financial barriers begin.
1980s–2021
Restrictions Expand
Funding cuts, clinic closures, and state restrictions steadily erode access.
2022
Dobbs
Constitutional protections are overturned.
Today
Infrastructure Era
Access now depends on coordinated providers, funding, travel, and support.
Over five decades, the challenge shifted from protecting a legal right to building the infrastructure that makes that right accessible.
A Half-Century Strategy
Dobbs did not create the crisis.It completed a strategy that had been unfolding for half a century.
Legal rights no longer guarantee access. Access now depends on whether patients can navigate a fragmented, under-resourced system.
The Infrastructure Era
In response to relentless political attacks, the reproductive justice movement built abortion funds, practical support organizations, legal defense networks, and community partnerships to ensure patients could access care.
While this created one of the world's most resilient abortion access ecosystems, decades of crisis response left little opportunity to build the shared infrastructure needed to connect it. Instead of investing in interoperable technology, coordinated patient navigation, and permanent financial systems, the movement was forced to focus on meeting each new challenge as it emerged.
This fragmentation is a direct consequence of asking hundreds of organizations to solve a national healthcare challenge without investing in the systems every other sector of healthcare takes for granted.
Without coordinated systems, bodily autonomy exists only on paper.
The Patient's Journey
Today's Reality
A single successful abortion typically requires twelve coordinated steps across as many independent organizations. Watch one patient's path.
Patient
Patient approaches provider
at Provider
- 01Patient approaches provider
- 02Eligibility evaluation
- 03Financial need flagged
- 04Internal funds checked
- 05NAF hotline & intake
- 06Regional fund & intake
- 07Practical support & intake
- 08Specialized fund if needed
- 09Back to provider to confirm pledges
- 10Telehealth or in-person logistics
- 111–3 days of visits by gestation
- 12Return travel & aftercare
Patients don't experience one healthcare system. They navigate dozens of disconnected organizations, each with its own intake, eligibility rules, and coordination process.
This fragmentation is not an organizational failure; it is a direct consequence of a calculated campaign to isolate abortion care.
Reproductive justice requires extraordinary coordination — not because organizations aren't working together heroically, but because the infrastructure to make connection easier and in support of this great work just does not exist.
The Financial Architecture
The Next Generation of Stewardship.
For decades, political attacks targeted not only abortion rights, but also dollars to pay for procedural abortion care.
Annual Funding
Required each year to help patients pay for procedural abortion care.
Annual Gap
Uncompensated care absorbed by providers each year.
Philanthropy has sustained clinics, abortion funds, and patient care for decades. Yet today, the ecosystem still requires roughly $300 million annually to help patients access care—and faces an estimated $100 million funding gap, leaving providers to absorb millions in uncompensated costs.
A Heroic Effort
One foundation has quietly funded an estimated 95% of ALL philanthropic dollars distributed annually to pay for abortion procedures for low-income patients.
Urgent · Sunset Risk
This foundation is expected to sunset over the next decade, and there is currently NO PLAN in place to replace the approximately $200 million it distributes every year.
The question is not whether this model succeeded. It saved lives. The question is whether the next generation will inherit a movement that depends on one extraordinary act of philanthropy—or one supported by permanent institutions capable of sustaining abortion access for generations to come.
Burden Shift
Clinics Absorb Uncompensated Care
In 2025, the One Big Beautiful Bill Act pulled Medicaid funding for abortion access and anything even adjacent to that care within the clinics providing it. Even though later overturned, many clinics and providers are still making up for the financial burden they were left with. Ongoing threats to abortion access continue to give clinics and providers pause, and it is critical that we ensure these burdens are carefully planned for through financial stabilization and further revenue diversification into the private sector.
Building the
Gold Standard
of Abortion Care.
Every generation inherits the responsibility to build the institutions its predecessors could not.
There are 3 forces that make this moment the time to create the next gold standard of abortion care.
Force 01
The Legal Moment
Post-Dobbs, the challenge of abortion access is impossible to ignore.
Force 02
The Digital Moment
For the first time, secure digital infrastructure and AI make real-time coordination across the abortion access ecosystem possible.
Force 03
The Philanthropic Moment
There's a new generation of philanthropy and the crisis is impossible to ignore.
A Parallel Moment in History
The Ryan White moment for abortion access.
The Ryan White HIV/AIDS Program was created because the United States was in the midst of the AIDS epidemic, and there was no reliable system to provide medical care for low-income people living with HIV/AIDS. People were dying — mostly because they could not afford treatment — and these patients faced widespread discrimination, and many hospitals and providers were unprepared, or unwilling, to care for them.
Abortion access now stands at a similar inflection point. The movement needs a permanent, professionally stewarded capital vehicle governed by trusted reproductive justice leaders, invested for long-term growth and capable of generating reliable support for patient care for generation after generation. We know that the US government won't and likely shouldn't fund the abortion access ecosystem, which is why this opportunity — to complete the infrastructure that reproductive justice has always needed — requires philanthropists who believe in this choice and bodily autonomy so much that they're willing to solve this crisis today.
Introducing
An institution built
to build the infrastructure.
SHARE Equity builds the shared financial and operational systems that make abortion care more equitable, sustainable, and resilient.
Through pilot projects with Planned Parenthood Federation of America, PP affiliates, independent providers, abortion funders, practical support organizations, and reproductive justice leaders, SHARE Equity has now rolled out the operational and financial infrastructure for a post-Dobbs future that reflects the needs of the full abortion access eco-system today and in the future. All we need now is the support of private philanthropists to make it a permanent solution.
SHARE Equity Founder & Executive Director
Morgan Love
Morgan Love is building the infrastructure necessary to connect all of the stakeholders and center the patient experience. A digital health strategist, healthcare advocate, and leader in the reproductive justice movement, Morgan is best known for combining technology infrastructure with grassroots advocacy to expand abortion access and advance health equity.
Her work centers on rebuilding reproductive health infrastructure through a digital-first lens. Morgan and SHARE Equity focus on bypassing traditional bureaucratic bottlenecks in healthcare to get mutual aid and funding directly into the hands of those who need it most, with a particular emphasis on diversity, equity, and inclusion within the healthcare landscape.
Now — SHARE Equity, an organization founded in 2019, has created the solution and is working with PPFA, independent clinics and other providers and funders across the country.
The Plan
Together, we will.
The abortion access ecosystem needs the same infrastructure every mature healthcare system eventually builds.
1. Build the Infrastructure
The Shared Operating System for Abortion Access
It is the operational foundation for a coordinated national access ecosystem — Autonomie transforms this fragmented experience into one coordinated patient journey.
Our Vision
Our vision is to establish the shared operational infrastructure that makes the gold standard of abortion care possible.
Meet Autonomie
Autonomie is the shared care coordination infrastructure that connects patients, providers, navigators, and funders to ensure that all vested partners have access and sight into the full ecosystem while addressing administrative and technological barriers we know providers and clinics face every day.
What Autonomie Does
Autonomie transforms a fragmented experience into one coordinated patient journey.
Automated Eligibility Determination
Instantly qualifies patients for the funding and services they need — no manual paperwork loops.
Intelligent Patient Routing
Matches each patient with the right provider, fund, and support based on real-time capacity.
Real-Time Care Coordination
Providers, funds, and navigators share the same live view of every case as it moves.
Shared Eligibility Engine
One eligibility assessment unlocks coordinated funding and support across multiple organizations.
Care and Funding Coordination
Autonomie coordinates the entire patient journey—from intake to funding, scheduling, and care delivery.
AI-Assisted Patient Navigation
AI-assisted navigation automates intake and organizes patient information, allowing navigators to focus on patient care.
Navigator Workspace
A single workspace gives navigators real-time visibility into every step of the patient journey.
How Autonomie Works
Autonomie is built on a modular, API-first architecture that allows organizations to adopt as much or as little functionality as they need. Rather than requiring providers or partners to replace existing technology, Autonomie integrates with current workflows, electronic health records, and partner systems through interoperable APIs.
API-First Coordination Layer
Every workflow is exposed via secure APIs, so partners can integrate on their own terms.
Modular Headless Architecture
Composable services deploy independently — organizations adopt only what they need.
EHR & Funding System Integration
Connects to existing electronic health records and funding platforms rather than replacing them.
HIPAA-Compliant Infrastructure
Enterprise-grade security, encryption, and auditability built in from the ground up.
Autonomie was designed as shared infrastructure rather than organization-specific software.
The platform supports:
- Independent abortion providers
- Planned Parenthood affiliates
- Telemedicine providers
- Abortion funds
- Practical support organizations
- Patient navigators
- Reproductive justice organizations
- Healthcare technology partners
- Philanthropic institutions
Evidence In Production
Patients Supported
Seeking abortion care
Funded Procedures
Coordinated funding workflows
Administrative Reduction
No-touch case management
HIPAA
Secure infrastructure nationwide
National
Implementation partners
2. Orchestrate the Ecosystem
From Coordination to Intelligence — Building the real-time financial data layer.
Infrastructure is transformative when it enables an entire ecosystem to move together.
The platform also gives the movement unprecedented visibility into patient demand, funding gaps, provider capacity, and emerging barriers—enabling faster decisions, smarter investments, and more equitable access.
The goal is centralized intelligence.
Empowering Stakeholders
Dynamic Resource Allocation
Funds and capacity shift to where patients need them, in real time.
Real-Time Resource Matching
Every patient is matched to available care, funding, and support instantly.
Empowering Advocacy
Shared data equips leaders to advocate with evidence, not anecdote.
Data-Driven Management
Organizations run on live insight into demand, capacity, and outcomes.
3. Capitalize the Future
Building the Permanent Financial Institution for Abortion Access
The SHARE Fund
Capitalizing the Future
For decades, philanthropy has sustained abortion access where public systems have fallen short.
The SHARE Fund is the first permanent financial institution designed for abortion access, combining immediate patient funding with long-term capital stewardship. Powered by Autonomie, it delivers funding where it's needed today while building lasting financial support for generations to come.
Two Funds, One Financial Strategy
Immediate Deployment
$40M
Rapid Response
Last-mile funding — ensuring 100% of abortion seekers get funded; solving the uncompensated care problem at all levels.
Permanent Capital Seed
$60M
Long Term Investment
Ensuring permanent funding for the entire abortion access system indefinitely.
Twenty-Year Capitalization Strategy
The SHARE Fund is designed to evolve from a national last-mile funding resource into one of the nation's largest permanent financial institutions dedicated to abortion access. Through philanthropic investment, disciplined investment management, planned giving, and retained earnings, annual deployment expands while preserving permanent charitable assets.
Years 1–2
Target Assets
$60M
Annual Deployment
$3M
Seed the permanent capital base at $60M; deploy ~5% of assets annually under the board-approved spending policy.
Years 3–5
Target Assets
$150M
Annual Deployment
$7.5M
Grow assets through capitalization and 7–8% long-term returns; distribute ~5% annually.
Years 6–10
Target Assets
$400M
Annual Deployment
$20M
Compound the endowment as returns above the 5% distribution are reinvested.
Years 11–15
Target Assets
$1B
Annual Deployment
$50M
Establish SHARE as one of the nation's leading reproductive justice financial institutions.
Years 16–20
Target Assets
$2B
Annual Deployment
$100M
Sustain ~$100M annually in abortion access through a preserved, growing permanent endowment.
Investment Vehicle
Our OCIO is responsible for investing and stewarding the Fund's assets through a diversified, long-term investment strategy designed to preserve capital while generating sustainable returns to support our mission.
Fiduciary Oversight & Assumptions
Independent fiduciary oversight guided by a Board-approved Investment Policy Statement covering allocation, spending, liquidity, and risk. Long-term projections assume a 7–8% expected nominal return, 2–3% inflation, and a ~5% annual distribution, with excess returns reinvested.
Every philanthropic dollar serves two purposes: expanding abortion access today while building permanent charitable capital that can support patients for generations.
Investment Policy
- Annual distribution: ~5% according to IRS regulation through a board-approved spending policy, providing stable recurring deployment while preserving long-term capital.
- Objective: preserve and grow charitable capital through diversified, long-term institutional investment.
- Assumptions: [7–8%] expected long-term nominal return; [2–3%] inflation; returns above distribution reinvested.
- Governance: independent fiduciary oversight under a board-approved Investment Policy Statement covering allocation, spending, liquidity, and risk.
(Detailed financial model available.)
The Founding Investment
A single founding investment creates both immediate impact and permanent infrastructure.
$40 Million Investment
Immediate Deployment
Supporting patients and providers today
- Last-mile patient funding
- Provider stabilization
- Faster access to care
- Reduced administrative burden
$60 Million Investment
Permanent Capital
Supporting abortion access for generations
- Permanent charitable reserve
- Annual distributions
- Long-term stewardship
- Sustainable infrastructure
One Permanent Institution
Strengthening every stakeholder in abortion care permanently.
The Distinction
Why SHARE Equity
SHARE Equity
- Builds Infrastructure
- Orchestrates the Ecosystem
- Stewards Permanent Capital
SHARE Equity's entire purpose has been to create the technology and funding to unite the incredible eco-system that already exists and ensure their critical work can continue in perpetuity. Where the following things converge in one space:
- Permanence
- Neutrality
- Working Technology
- Multilateral Trust
- Clinic-level Integration
What it has never had is what its opposition has always had: permanent diversified capital and shared infrastructure.
The abortion access ecosystem's largest funders have already validated the entire network with billions already invested, including one of our founding partners, Planned Parenthood Federation of America, who has received the largest singular philanthropic support in the movement's history.
The right investment could end this today and truly give women back their bodily autonomy.
Why We Are Ready
The opportunity before us is no longer technological.
The infrastructure exists.
The partnerships exist.
The implementation model exists.
The demand has never been greater.
What remains is to capitalize and deploy this infrastructure nationally before another generation inherits the same structural limitations that have constrained the movement for the past fifty years.
A Founding Moment
The Movement Has Extraordinary Organizations. Now It Needs an Extraordinary Institution.
The Moment is Now.