Boundless Futures Foundation Achieves Major Funding Milestone
The Boundless Futures Foundation, established by Soon and McKeel Hagerty, proudly announces that it has surpassed the impressive milestone of providing $1 million in grants. This initiative primarily supports female entrepreneurs and the nonprofits dedicated to their growth. In addition to this monumental achievement, the Foundation is set to award $100,000 in EmpowHer grants during the fourth quarter to five remarkable female founders.
Impacting Female Entrepreneurs Across the Nation
Since its founding in 2023, the Foundation has provided essential funding through its EmpowHer and Her Village grants. With these resources, the Foundation has supported 46 female founders and collaborated with six mission-aligned nonprofits nationwide. Each grant aims to empower businesses that tackle pressing social challenges related to sustainability, community engagement, and environmental responsibility.
A Supportive Community for Women Entrepreneurs
"Boundless Futures Foundation is honored to have provided not only financial support but mentoring and business coaching to female founders who are true trailblazers in their industries," stated Soon Hagerty, co-founder and president of the Foundation. Her words highlight the commitment of the organization to empower women entrepreneurs who inspire future generations. The Foundation recognizes their dedication to creating impactful small businesses that contribute positively to society.
Latest EmpowHer Grant Recipients
This quarter, the Foundation will provide $100,000 in EmpowHer grants, with each recipient being a female entrepreneur in the initial stages of launching a business that focuses on social issues. The chosen grantees represent innovative pursuits across several states, including New York, North Carolina, Texas, and Utah.
Meet the Grant Recipients
The four selected grant recipients include:
- Fafabiotic: Founded by Farzaneh Rezaei in North Carolina, this skincare company takes a unique approach by creating microbiome-friendly products. Distinctively, Fafabiotic doesn’t use chemical preservatives or artificial fillers. The company is also committed to sustainability, supporting employees with intellectual and developmental disabilities and donating 5% of revenues to aid other female founders.
- In The Loop: Established by Zahra Biabani in Texas, this innovative startup offers an AI-driven pricing and inventory platform tailored specifically for thrift stores. By enhancing thrift store operations, In The Loop contributes to reducing textile waste, making it a perfect candidate for a $25,000 grant.
- The Boob Bus: Co-founded by Rena Vanzo and Kassidy Koch, this mobile mammogram service based in Utah extends vital screenings to women in both urban and rural communities. The Boob Bus aims to ensure that all women, regardless of their healthcare coverage, have access to this essential service.
- UrbanMix: Under the leadership of Dr. Sharon Ayalon in New York, UrbanMix has pioneered an AI-powered platform for retrofitting commercial buildings. This technology not only improves the environmental efficiency of older buildings but also helps prevent unnecessary demolitions.
Each of these remarkable grantees will benefit from the guidance of an Advisory Circle composed of seasoned female entrepreneurs. This network provides critical leadership development resources, mentorship, and networking opportunities tailored to enhance their entrepreneurial journey.
Apply for the Next Round of Grants
With the next round of EmpowHer grants opening for applications soon, interested female founders are encouraged to explore the opportunities available. The Boundless Futures Foundation is committed to uplifting women entrepreneurs poised to create meaningful change within their communities.
Connecting and Supporting Female Founders
For those interested in learning more about Boundless Futures Foundation, including insights into past grant recipients and the application process, resources are available on their official website. They also offer vital information about how to apply for future funding opportunities and connect with a broader network of like-minded women.
Frequently Asked Questions
What is the Boundless Futures Foundation?
The Boundless Futures Foundation is a private family foundation started by Soon and McKeel Hagerty, focused on providing financial support and resources to female entrepreneurs.
What types of grants does the Foundation offer?
The Foundation offers EmpowHer and Her Village grants aimed at supporting female founders and nonprofits committed to social issues.
Who are the latest grant recipients?
The latest recipients include Fafabiotic, In The Loop, The Boob Bus, and UrbanMix, all of which focus on innovative solutions to pressing social challenges.
How can female entrepreneurs apply for grants?
Female entrepreneurs can apply for the next round of EmpowHer grants through the Boundless Futures Foundation's official website when applications open.
What impact does the Foundation seek to achieve?
The Foundation aims to empower women entrepreneurs, foster sustainable businesses, and address social problems through innovative solutions.
