Iimay Ho, 32, is from an upper class family. Her mother accumulated wealth by building an insurance company, and Ho stands to inherit $1 million.

But she doesn't want to use the money for vacations or luxury items, she told Business Insider. As the executive director of Resource Generation, she's more focused on dedicating her money, and her time, to social change — and she's not alone.

More than 600 wealthy millennials belong to Resource Generation's 16 chapters across the US, working to redistribute some of their inherited, earned, or future wealth in the name of social equality. All of them have a "money story," just like Ho.

Resource Generation was founded in 1998 when two young women who inherited family money, Tracey Hewitt and Lynne Gerber, found that the philanthropies they were getting involved in didn't speak to their personal experiences, Ho explained to Business Insider. They sought to create more spaces for young people who were building money and wealth with ambition for social movements, she said…