Empowering Female Entrepreneurs Through Grants for Social Change
Empowering Female Entrepreneurs to Create Social Good
The Boundless Futures Foundation, established by Soon and McKeel Hagerty, is making waves in the entrepreneurial landscape by awarding $150,000 in grants specifically tailored for female founders dedicated to social impact. This initiative is a testament to the Foundation's commitment to championing women in business, especially during the National Women's Small Business Month.
Grants Supporting Innovative Social Enterprises
In its fourth round of EmpowHer grants, the Foundation has allocated $100,000 to five enterprising women running businesses that integrate social good into their mission. The recipients hail from diverse backgrounds and locations across the United States, illustrating the Foundation's broad reach. The selected ventures operate in sectors such as handcrafted coffee, healthy snacks, sustainable fashion, and mental health awareness, each making a significant contribution to their respective communities.
Meet the EmpowHer Grant Recipients
This year's recipients include innovative business models like:
- Piña Designs: A company that produces hair ties made from pineapple fibers, donating 5% of profits to ocean conservation efforts. The team, including Sydney Kobak, Kelley Levaggi, Sage Dobby, and Erika Gossett, will receive a grant of $15,000 to further their mission.
- Resist Nutrition: Co-founded by Drew Lederman and Emily Cohen, this venture creates snack bars for individuals managing blood sugar levels, contributing 1% of profits to health-related causes. They will be awarded $20,000 to expand their reach.
- Rose Cat Coffee Company: Founded by Brenda Kasaty in Lincoln, Nebraska, this coffee shop employs individuals with intellectual and developmental disabilities, receiving a $25,000 grant to continue their impactful work.
- Spacers Inc.: Marketing non-alcoholic beverages to promote mindful drinking, this venture founded by Kristen Fechtel will benefit from a $20,000 grant to support their network with mental health organizations.
- VertiGreens: Utilizing hydroponic technology to grow unique ingredients for local markets, the company founded by Tova Feinberg will receive a $20,000 grant to strengthen food access in urban settings.
Support for Nonprofits Fueling Female Entrepreneurship
In addition to the EmpowHer grants, the Foundation is also granting $50,000 through its Her Village initiative to nonprofits dedicated to empowering female entrepreneurs. Noteworthy recipients include:
- Venture North: This organization is committed to providing low-cost loans and consulting services to aspiring business owners in Northwest Michigan, receiving a $25,000 grant.
- Women's Business Development Center (WBDC): Based in Chicago, the WBDC helps women entrepreneurs achieve economic self-sufficiency through robust support systems, and they will also receive a $25,000 grant to enhance their bilingual programming.
Mentorship and Resources for Grantees
Each selected grantee will not only receive direct financial support but will also gain access to the Foundation's Advisory Circle. This unique network of seasoned female entrepreneurs offers mentorship, leadership development, skills-building assistance, and invaluable networking opportunities. Since its inception, the Boundless Futures Foundation has allocated over $525,000 to support female founders and nonprofits across 13 states, creating a ripple effect of positive change.
Continued Commitment to Women Entrepreneurs
The Boundless Futures Foundation continues to actively seek applications for its next round of EmpowHer Grant funding. Not only does this initiative provide financial assistance to female entrepreneurs, but it also equips them with a supportive community to inspire growth and success in their ventures. As the deadline approaches, women-led businesses are encouraged to apply and take advantage of these vital resources.
For aspiring female founders looking for support, Boundless Futures Foundation’s FoundHer Success Kit is now available. This comprehensive toolkit contains user-friendly templates and guides designed to empower women entrepreneurs by providing them with the necessary tools to build a sustainable business model.
Frequently Asked Questions
What is the purpose of the Boundless Futures Foundation?
The Foundation aims to support female entrepreneurs by providing grants and resources to help them address social issues through their businesses.
Who can apply for the EmpowHer grants?
Women entrepreneurs aged 22 and older who are in the early stages of starting a business focused on social good are eligible to apply.
How much funding is available through the EmpowHer grants?
A total of $100,000 is allocated for EmpowHer grants to female founders, along with $50,000 for supporting nonprofits.
What types of businesses are funded by the Foundation?
The Foundation supports businesses that integrate social impact into their business model, including those in sectors like food, fashion, and mental health initiatives.
How can organizations get involved with the Foundation?
Organizations can learn more about funding opportunities or apply for grants by visiting the Boundless Futures Foundation website for more information.
About The Author
Contact Addison Perry privately here. Or send an email with ATTN: Addison Perry as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.