Supporting Women Entrepreneurs with a Bold Commitment
In an inspiring move to bolster female leadership in the business world, Frank & Eileen has announced a significant enhancement of its Giving Pledge. This renowned, 100% woman-owned and led B Corp certified contemporary apparel brand has revealed its intention to double its original commitment from $10 million to an impressive $20 million, meant to support women entrepreneurs over the next ten years.
The Evolution of the Giving Pledge
Since its inception in 2020, the Giving Pledge has aimed to create pathways for women in various entrepreneurial ventures. Frank & Eileen previously fulfilled its original pledge ahead of schedule, successfully donating $10 million in just four years. Now, as the brand steps into the next chapter, they reassert their dedication to fostering female leadership through this expanded financial commitment.
Top Institutions Engage with the Pledge
The initiation of the first pledge saw the establishment of fellowships at prestigious MBA programs, including Babson College, Stanford Graduate School of Business, and MIT Sloan School of Management. Additionally, the brand created the Frank & Eileen Accelerator, located in a school designed for girls in grades 7-12. This initiative encourages young women to cultivate an entrepreneurial spirit at an early age.
Positive Impact on Women's Leadership
The impact of these efforts has been substantial. Each year, 762 aspiring women entrepreneurs participate in programs at the Frank & Eileen Center for Women's Entrepreneurial Leadership, the first of its kind at a business school in the U.S. The expansion of scholarships for women at leading entrepreneurial schools also demonstrates the commitment to bridging the gap in female representation in business.
Inspiring Future Generations
Audrey McLoghlin, CEO and Founder of Frank & Eileen, expressed her excitement regarding the announcement of the second Giving Pledge. "I am thrilled to unveil our expanded commitment that reinforces my belief in the life-changing potential of entrepreneurship, especially for women. We have achieved impactful results in our initial efforts, and I have faith that this new pledge will further amplify that success," she stated.
Commitment to Sustainable Practices
Along with this pledge, Frank & Eileen has released its first Impact Report, illustrating its commitment to corporate responsibility and ethical production within the fashion industry. As a Certified B Corp with the highest impact ratings among woman-led apparel brands in the U.S., the company champions slow fashion and sustainable practices.
Vision for Positive Change
This Impact Report showcases Frank & Eileen's efforts in fostering sustainable and ethical manufacturing processes. The company’s initiatives highlight a deep-rooted belief in harnessing female entrepreneurship as a transformative force for good in society.
About Frank & Eileen
Founded in 2009 by Audrey McLoghlin, Frank & Eileen began its journey by sourcing high-quality, responsibly crafted Italian menswear fabrics to reinvent women's button-up shirts. This venture has blossomed into an omnichannel retail presence while ensuring 100% ownership remains with women. The brand remains committed to social responsibility and upholding ethical standards within the industry.
Frequently Asked Questions
What is the Giving Pledge initiated by Frank & Eileen?
The Giving Pledge is Frank & Eileen's initiative to financially support women's entrepreneurship and leadership, now doubled to $20 million.
How will the funds from the pledge be utilized?
The funds will be used to create fellowships at top MBA programs, provide scholarships, and support entrepreneurial initiatives for young women.
Who is the founder of Frank & Eileen?
The brand was founded by Audrey McLoghlin, who has been instrumental in its growth and commitment to female leadership.
What is the impact of the first Giving Pledge?
Over the past four years, the first pledge engaged 762 women annually and provided support at leading entrepreneurial institutions.
How does Frank & Eileen promote sustainability?
As a Certified B Corp, Frank & Eileen emphasizes slow fashion and ethical manufacturing practices, reflected in its recent Impact Report.
