Baldoni founded a production company with Ahmed Musiol called Wayfarer Studios that produces television, films, and digital content. In 2019, Wayfarer sold majority stake setting up the $25M content fund.[21][22] The philanthropic branch of the company, called the Wayfarer Foundation, benefits homeless residents of Los Angeles. They host an annual Skid Row Carnival of Love, which provides resources for employment, education, non-emergency medical care, food, clothing, hygiene, and other festivities such as face-painting, live concerts, and children's activities, serving over 4,000 homeless guests each year.[23]
