Celebrating a Year of Empowering Female Entrepreneurs
The Boundless Futures Foundation (BFF) recently unveiled its inaugural Annual Report, showcasing a remarkable achievement of distributing $585,000 in grants aimed at empowering female entrepreneurs. The foundation, established by Soon and McKeel Hagerty, has made significant strides in supporting women-owned businesses since its inception in 2023.
Reflecting on Achievements and Impact
“We founded Boundless Futures Foundation because we deeply believe in the boundless potential of women,” expressed Soon Hagerty, Co-Founder and President of BFF. This first-year report serves as a testament to the foundation's impact, revealing the positive changes initiated to support female founders.
In its first year of operation, the foundation not only provided essential funding but also offered mentorship and resources, truly equipping female entrepreneurs with the tools they need to succeed and scale their businesses.
Key Impact Highlights from 2024
2024 Impact at a Glance:
- 27 grants totaling $585,000 awarded to female entrepreneurs and nonprofits
- 22 EmpowHer Grants totaling $445,000
- 5 Her Village Grants totaling $140,000
- 30 female founders received support
- 31 female entrepreneurs engaged through nonprofit leadership programs
Throughout the grants process, grantees have also accessed the foundation’s Advisory Circle. This group comprises seasoned female entrepreneurs who volunteer to provide crucial mentorship via a thorough five-step roadmap.
“The female entrepreneurs we assisted in 2024 shared common needs for mentorship, sincere strategic discussions, and the assurance that someone genuinely believes in their mission,” added McKeel Hagerty, Co-Founder and Advisory Circle Member.
Innovative Programs Launched for Entrepreneurs
In response to requests for additional support tools, the foundation launched the EmpowHer Marketplace—an integrated online platform directing consumers to grantee businesses that offer unique home goods and accessories. This initiative encourages public support for women-owned businesses.
Additionally, the FoundHer Success Kit was introduced. This free resource provides essential templates for business planning, financial tracking, and wellness advice for founders, making it a valuable asset for aspiring entrepreneurs eager to thrive.
As Boundless Futures Foundation steps into its second year, it maintains a vigorous mission: to empower women who are transforming the business landscape. Keeping focus on its goals, the foundation pledges to continue delivering financial support and mentorship to nurture tomorrow's changemakers.
About Boundless Futures Foundation
Founded by Soon and McKeel Hagerty, Boundless Futures Foundation is committed to supporting aspiring female entrepreneurs aged 22 and older. Its mission is to provide financial aid and leadership resources aimed at fostering a significant impact on society. The foundation particularly focuses on those establishing businesses that address social challenges and collaborates with aligned nonprofits providing much-needed support.
Frequently Asked Questions
What is the purpose of the Boundless Futures Foundation?
The foundation aims to empower female entrepreneurs by providing grants, mentorship, and resources to help them succeed in their businesses.
How much funding did the foundation distribute in its first year?
In its inaugural year, the Boundless Futures Foundation provided $585,000 in grants to female entrepreneurs and nonprofits.
What types of grants did the foundation offer?
The foundation offered two main types of grants: EmpowHer Grants and Her Village Grants, focusing on supporting women-led businesses.
How does the Advisory Circle assist female entrepreneurs?
The Advisory Circle is composed of experienced female entrepreneurs who provide strategic mentorship according to a structured roadmap to guide and support grantees.
What other resources does the foundation provide?
In addition to funding, the foundation provides resources like the FoundHer Success Kit and the EmpowHer Marketplace to support and promote women-owned businesses.
