U.S. Bank Access Fund to Focus $25M on Women of Color in Business

The $25M U.S. Bank Access Fund will be deployed as long term investments to 3 partner organizations supporting women of color in business.

The U.S. Bank Access Fund will be solely focused on helping women of color in business. (Image credit: U.S. Bank)
The U.S. Bank Access Fund will be solely focused on helping women of color in business. (Image credit: U.S. Bank)

U.S. Bank introduced the details of the $25 million U.S. Bank Access Fund – a fund for women of color microbusiness owners, which was first announced in February. The fund, a collaboration between U.S. Bank Foundation and U.S. Bancorp Community Development Corporation (USBCDC), will include long-term investments of grants and capital funding to three partners: the African American Alliance of Black CDFI CEOs (the Alliance), Grameen America and Local Initiatives Support Corporation (LISC). The fund is part of U.S. Bank Access Commitment, the company’s long-term approach to help build wealth while redefining how the bank serves diverse communities and provides more opportunities for diverse employees.

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Activating Philanthropy – Part Four: How to Start a Giving Circle

Editor’s Note: This article is Part Four in our four-part Activating Philanthropy series. In this series, we explore ways to bring your philanthropic ideals into your everyday life, activating the lessons we’ve learned along the way. For the rest of the series, check out Part One: Philanthropy in Daily Routines, Part Two: How to Call Your Congresswoman, and Part Three: Talking to Family Members About Giving. 

giving circle
The Women’s Giving Circle of Harford Count presented TasteWise Kids a $5,000 grant for its Days of Taste Program. The check presentation included Kim Malat, Sherifa Clarke, Riva Kahn, Ennise Bloom and Alice Welsh Leeds. In 2019, the Women’s Giving Circle of Harford County awarded 13 grants to nonprofits serving women and children, totaling nearly $45,000. (Image Credit: Jessica Moser / Baltimore Sun)

We’re almost finished with our Activating Philanthropy series! Thanks for joining us for this four-week series on activating philanthropy in your everyday life. Now that we’ve covered the basics, we’re tying everything together with one of the simplest and most effective forms of collaborative philanthropy: the giving circle

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How Marsha P. Johnson Institute Gives Direct Support to LGBTQ+ POC

The Marsha P. Johnson Institute has committed over $250K in direct donations to black LGBTQ+ individuals to provide post-pandemic support.

The Marsha P. Johnson Institute has donated over $250K in 2020 to Black LGBTQ+ individuals disproportionately affected by COVID-19 (Image credit: Marsha P. Johnson Institute)
The Marsha P. Johnson Institute has donated over $250K in 2020 to Black LGBTQ+ individuals disproportionately affected by COVID-19 (Image credit: Marsha P. Johnson Institute)

As the pandemic continues and with it, disproportionate impacts on Black transgender people, the Marsha P. Johnson Institute today announced the donation of over $250,000 to more than 500 individuals across the United States in 2020.

The Marsha P. Johnson Institute’s COVID-19 Relief Fund provides a one-time direct relief payment of $500 to Black transgender or non-binary identified people. The Institute is committed to centering the needs of those most beyond the margins; priority for the awardees was given to Black trans women and those who have experience as sex workers, have been formerly incarcerated, and other vulnerable community members.

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Asia Foundation to Honor Eileen Fisher and Women In Need

The Asia Foundation’s 2021 Lotus Leadership Awards will honor Eileen Fisher and Women In Need for their work for women in Asia and the Pacific.

The 2021 Lotus Leadership Awards will be held virtually on Wednesday, April 18th at 6pm EST / 3pm PST (Image credit: Asia Foundation)
The 2021 Lotus Leadership Awards will be held virtually on Wednesday, April 18th at 6pm EST / 3pm PST (Image credit: Asia Foundation)

The 2021 Lotus Leadership Awards will honor Eileen Fisher for her pioneering leadership in women’s economic empowerment and sustainability, and Women In Need (WIN), a non-profit partner working to end gender-based violence in Sri Lanka. The celebration will take place virtually on Wednesday, April 28th and features appearances by ABC “Nightline’s” Juju Chang and “Law and Order: SVU” actor Mariska Hargitay.

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Mastercard Invests Millions in Venture Capital with Fearless Fund

Fearless Fund, a venture capital fund built to support women of color, has received a huge investment from Mastercard.

Mastercard has made a muti-million dollar investment to Fearless Fund to help black-owned businesses (Image credit: Fearless Fund)
Mastercard has made a muti-million dollar investment to Fearless Fund to help black-owned businesses (Image credit: Fearless Fund)

Black women are building and growing businesses faster than any other segment and yet receive less than one percent of venture capital funding. In addition, only three percent of the people actually leading investments at VC firms are Black according to the National Venture Capital Association. To help further access to funding for Black women, Mastercard today announced a multi-million dollar investment in Fearless Fund, a venture capital fund built by women of color for women of color.

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How Jack Dorsey’s $3MM Will Fund Girls’ Ed in Sub-Saharan Africa

Women’s History Month was definitely one for the books, especially with Jack Dorsey’s #StartSmall initiative dispersing $3 million in grants at the end of the month. This newest funding was allocated to four grassroots organizations focused on breaking down educational barriers for women in sub-Saharan Africa.  

Representatives from WGEP, AGE, AAF, and WISER at the Obama Summit 2019 with Michelle Obama. (Image credit: WGEP)

AGE AfricaAsante Africa FoundationWISER International, and Women’s Global Education Project are the well-deserving organizations receiving $750,000 each to support their already ingrained and successful efforts. The Obama Foundation’s Girls Opportunity Alliance is responsible for this cohort of collaboration joining forces to eradicate female inequity in the most rural areas of sub-Saharan Africa.

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Activating Philanthropy – Part One: Philanthropy in Daily Routines

Editor’s Note: This article is Part One in our four-part Activating Philanthropy series. In this series, we explore ways to bring your philanthropic ideals into your everyday life, activating the lessons we’ve learned along the way. For the rest of the series, check out the upcoming installments: Part Two: What It Means to “Call Your Congresswoman”, Part Three: Talking to Family Members (Who Don’t Want to Talk to You), and Part Four: How to Start a Giving Circle. 

activating philanthropy
Adding philanthropy into your daily routine can start with no cost to you. (Image Credit: Katt Yukawa)

Welcome to Philanthropy Women’s “Activating Philanthropy” series! This four-part series will explore ways to bring your philanthropic ideals into your everyday life, activating the lessons we’ve learned along the way. We invite you to take action in your own way, utilizing the guidelines in these articles, and sharing your experiences with your community!

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How WFMN is Building on Not For Sale Campaign with Fund for Safety

The Women’s Foundation of Minnesota gave grants to eight organizations to expand on its “Not For Sale” campaign, creating the Fund for Safety.

Women's Foundation of Minnesota has awarded eight organizations with grants to fight gender-based violence in all its various forms. (Image credit: WFMN)
Women’s Foundation of Minnesota has awarded eight organizations with grants to fight gender-based violence in all its various forms. (Image credit: WFMN)

The Women’s Foundation of Minnesota (WFMN) has awarded eight grants totaling $205,000 to nonprofit organizations and the City of Minneapolis through its Fund for Safety. WFMN’s Fund for Safety resources innovation to end gender-based violence, a continuum that includes sex trafficking, domestic violence, rape, sexual assault, and sexual harassment. The Fund for Safety continues and expands upon the investments made through the Women’s Foundation of Minnesota’s MN Girls Are Not For Sale campaign.

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Ford Foundation Backs New Black Feminist Fund with Seed Money

The Black Feminist Fund just received a generous commitment of $15M from the Ford Foundation to jumpstart this new effort.

The Ford Foundation's large investment will help support Black women worldwide in the wake of the Covid-19 pandemic. (Image credit: Ford Foundation)
The Ford Foundation’s large investment will help support Black women worldwide in the wake of the Covid-19 pandemic. (Image credit: Ford Foundation)

On March 25th, the Ford Foundation announced its commitment of $15 million in seed funding to help launch the Black Feminist Fund, a new philanthropic fund developed and led by a core group of Black feminists who sit at the nexus of feminist organizing, advocacy, and philanthropy globally. Ford’s initial investment will be vital to help jumpstart the fund’s work to create a network of support around key issues that impact Black women around the globe.

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Barajas-Román: For Equal Pay Day, Women’s Funds Urge More Action

Statement by Women’s Funding Network President and CEO Elizabeth Barajas-Román on the need for collective action to address equal pay for women

SAN FRANCISCO  —  Equal Pay Day is March 24, 2021, spotlighting how far into the next year women have to work to be paid the same amount that a man was paid the previous year. Women’s Funding Network President and CEO Elizabeth Barajas-Román issued the following statement:

equal pay
Women’s Funding Network CEO Elizabeth Barajas-Román speaks for women’s funds and their allies, demanding more action to address pay equity. (Image credit: Natalie Hua on Unsplash)

“In the United States, women on average make only 82 cents for every dollar made by an average white man, but for women of color, the gap is even worse. For each dollar a white non-Hispanic man is paid on average, Black women earn 63 cents, Native women earn 60 cents, and Latina women earn only 55 cents. This means that in 2021, Latina women would have to work until October 21, 2021 —  nearly an entire extra year of work — to finally catch up to the same amount of earnings that white men were paid in 2020 alone.

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