ENGLEWOOD CLIFFS, N.J., June 24, 2020 /PRNewswire/ — Throughout history communities of color have been affected by systemic racism and societal injustice. The global pandemic of COVID-19 has further highlighted the ongoing economic, health and social inequities communities of color face. As a brand that aims to empower and uplift women, we recognize that, women of color entrepreneurs and small business owners face specific challenges and lack of access when it comes to starting or sustaining their businesses.
Today, Caress has announced a $1,000,000 investment over the next 2 years to support women of color entrepreneurs through a founding partnership with IFundWomen of Color. IFundWomen of Color (IFWOC), is the leading platform for diverse entrepreneurs to raise capital through crowdfunding, grants, and coaching. Through this partnership these entrepreneurs will receive the support needed to stay open, re-open, and ensure their long-term success. Beginning with a $500,000 immediate relief donation to support 200 women of color entrepreneurs, already in the IFWOC community, with funding and IFWOC group coaching, mentorship, and connections needed to sustain their businesses.
Editor’s Note: This post was previously published by UN Women on June 25, 2020.
As billions of people are still under COVID-19 lockdown, the shadow pandemic of violence against women has been growing within homes around the world.
Even before the COVID-19 pandemic, violence against women and girls, a gross human rights violation, impacted one in three women worldwide. Recent data from multiple countries already show a spike in reporting of domestic violence through helplines since COVID-19 lockdowns started. As countries now contend with economic crisis, service shortfalls and high levels of stress, many women find themselves trapped in isolation with abusive partners, without access to information and support services that they need.
Americans often think of high childbirth mortality rates as a problem plaguing low-income countries, but U.S. maternal mortality rates, particularly for African American and Native women, are high. Merck for Mothers’ “Safer Childbirth Cities” initiative is combating this trend, and its latest call for proposals is expanding its efforts beyond its initial ten-city cohort.
While the U.S. maternal mortality rate is substantially lower than most countries of the Global South, according to the World Health Organization, the U.S. maternal death rate of 19 deaths per 100,000 live births it is substantially higher than Canada (10 per 100,000), the United Kingdom (7), Japan (5), Spain (4) and Italy (2). Countries comparable to the U.S. include Russia (17), Turkey (17) and Romania (19). Moreover, the U.S. is the only high-income country with a rising level of maternal mortality.
Another corporate funder has stepped in to help small business in this time of economic uncertainty. Verizon recently announced another $2.5 million commitment to small businesses, bringing total funding for the Verizon Small Business Recovery Fund to 7.5 million dollars.
“Small businesses across the country are confronting extreme economic challenges as a result of the Covid-19 pandemic,” writes the communications giant in the description of the program. “Financial support at this critical time can make the difference between staying in business or closing permanently, leading to lost income, jobs and economic stability.”
Kering’s shareholders have approved the appointment of Ms. Jean Liu, Mr. Tidjane Thiam and Ms. Emma Watson as Directors during their Annual General Meeting on June 16th, as proposed by the Board of Directors gathered on March 12th, 2020.
Ms. Watson has also been appointed Chair of the Sustainability Committee of the Board of Directors, while Mr. Thiam was appointed Chair of the Audit Committee.
The combined wealth of experience and skillsets of these three well-known figures will be a complementary asset to the Group, enhancing the quality of the work done by the Board of Directors. The latter will benefit from their contribution in defining the Group’s strategic orientations.
Kathryn Finney didn’t learn her grandmother’s real name until she turned 10 years old. Doonie Hale was an entrepreneur, a single mom, and the owner/operator of her own business as a seamstress in Milwaukee. Her story, her spirit, and her work inspire Kathryn Finney’s work today as the Founder of digitalundivided and The Doonie Fund.
“I was 10 years old when I learned that my grandmother’s real first name is Kathryn,” says Finney. “The lessons the original Kathryn taught me about being a Black woman entrepreneur, about creating beauty, is the reason why I’m here today.”
COVID-19 puts pressure on all of us, but many women and girls are at higher risk of danger and oppression during these unprecedented times. A crisis like COVID-19 makes the widespread effects of issues like abuse, domestic violence, and rising barriers to educational, financial, and social survival much more intense–and often, much more deadly. The new Global Resilience Fund for Girls and Young Women seeks to answer this understated emergency with rapid, flexible funding to activist groups led by girls and young women.
The Global Resilience Fund supports informal collectives, registered organizations, and unregistered community groups led by girls, young women, and trans and intersex young people around the world. To reach populations that may otherwise have a difficult time obtaining funding, the Global Resilience Fund only offers grants to organizations with a budget of less than $50,000 per year. Successful applicants can receive “fully flexible rapid response grants” worth up to $5,000.
In the midst of so much chaos and uncertainty, it’s inspiring when companies gather their resources to support small business. Through its upcoming project Your Friends in New York, apparel brand Pyer Moss has announced $10,000 in PPE funding and $100,000 in funding for women- and minority-owned small businesses through the Your Friends in New York Business Relief Fund. Grants from the fund will be presented to creative-based businesses struggling to stay open in the midst of the COVID-19 crisis.
“For our friends with independent businesses,” wrote Pyer Moss in an Instagram announcement on March 18. “We are setting aside $50,000 for minority and women owned small creative businesses who are currently in distress. If you cannot make payroll or cannot cover pressing costs to keep your business afloat, please reach out, let us know what you do and how we can help.”
On May 21st, attendees gathered for IUPUI’s first webinar in the Perspectives on Philanthropy Discussion Series. The series asks, “As we search for context in our transforming world, what role does philanthropy play? Broadly understood to encompass the human voluntary spirit, philanthropy is responding in a variety of ways to the current global crisis today. How is it doing and what role will it have in the world that is emerging?”
If you’re a fan of hummus and veggie dip, you’re probably a fan of Stacy’s Pita Chips, too. However, like most businesses, the snack brand wasn’t always a familiar fixture in grocery stores. A combination of smart advertising tactics, mentoring, and financial support brought the female-founded brand from its origins in sandwich carts to its place in grocery stores (and our pantries!).
In honor of the brand’s rise to fame, Stacy and Frito-Lay partnered to create the Stacy’s Rise Project, a grant program designed to elevate female-founded brands. The 2020 application cycle is now open, the fourth in the Stacy’s Rise program, and it offers $10,000 grants to 15 women-owned businesses.