Surdna Foundation

The number of Latino-owned businesses is growing 10x faster than White-owned businesses, as reported by the Stanford Graduate School of Business

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水曜日, 3月 27, 2024
Bank of America, Growth, GSB, Bank, Research, Entrepreneurship, AI, Stanford University, Student, Woman, Male, PALO, Dell Technologies, Housing, Ecosystem, Surdna Foundation, Heart, JPMorgan Chase, Summit, Wells Fargo, Latina, Bottled water

In fact, the number of Latino-owned businesses is growing 10x faster than white-owned businesses.

Key Points: 
  • In fact, the number of Latino-owned businesses is growing 10x faster than white-owned businesses.
  • As shown in the graph, the 3-year (2020-2023) median compound annual growth rate was 8.7% for Latino-owned businesses versus just 5.6% for white-owned businesses.
  • Latinos are not only starting businesses faster and experiencing higher revenue growth rates but they are also creating more jobs with better benefits.
  • It’s important to highlight that Latinas are starting new businesses and growing revenues more rapidly than their male counterparts.

Presidents' Council on Impact Investing Names McKnight Foundation President Tonya Allen as Co-Chair

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火曜日, 7月 11, 2023
Ford, Foundation (nonprofit), Surdna Foundation, McKnight, Woman, Human, Minneapolis, St. Paul and Sault Ste. Marie Railroad, Ford Foundation, President's Council on Jobs and Competitiveness, Movement, McKnight Foundation, Climate change, COVID-19, Council, Chairperson, Growth, Ecosystem, Minneapolis–Saint Paul, Renewable energy

NEW YORK, July 11, 2023 /PRNewswire/ -- The Presidents' Council on Impact Investing ("Presidents' Council") announced the appointment of Tonya Allen, President of the McKnight Foundation, as its newest Co-Chair.

Key Points: 
  • NEW YORK, July 11, 2023 /PRNewswire/ -- The Presidents' Council on Impact Investing ("Presidents' Council") announced the appointment of Tonya Allen, President of the McKnight Foundation, as its newest Co-Chair.
  • Allen succeeds Darren Walker, President of the Ford Foundation, who served as an inaugural Co-Chair and led the group's efforts to coordinate support for the impact investing ecosystem.
  • The U.S. Impact Investing Alliance convenes the Presidents' Council to pursue shared learning, deepen commitments to impact investing and foster opportunities to pool investment and grant capital to catalyze the growth of the field.
  • "I'm honored to join Don and take the baton from Darren as Co-Chair of the Presidents' Council," Tonya Allen shared.

The Investment Integration Project Releases New Report Introducing Racial Inequity as a Systemic Risk to Investment and Outlining How Investors Can Take Action

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火曜日, 6月 20, 2023
Professional Services, Philanthropy, Consumer, African American, Venture Capital, Foundation, Learning, Partnership, SEIU, Gross domestic product, Surdna Foundation, SAIL, Research, Community, Climate change, GDP, Racism, Growth, Health, Investment, Social, Renewable energy, Cryptocurrency, Security (finance), Citigroup

“Not only is racial inequity morally and ethically abhorrent, but it also threatens the U.S. economy, the global financial system, and long-term investment returns across all asset classes,” said TIIP CEO William Burckart.

Key Points: 
  • “Not only is racial inequity morally and ethically abhorrent, but it also threatens the U.S. economy, the global financial system, and long-term investment returns across all asset classes,” said TIIP CEO William Burckart.
  • “Racial inequity is embedded in American capitalism and the U.S. financial system.
  • It is a systemic risk—that, like climate change, investors cannot ‘diversify away.’”
    The report, titled “ Introduction to Racial Inequity as a Systemic Risk: Why Investors Should Care and How They Can Take Action ,” was developed in partnership with TIIP’s Racial Equity Working Group.
  • It recommends how investors can leverage conventional investment techniques and more advanced approaches to manage the risks of racial inequity and embed racial equity across portfolios.

New Report Provides Insider Playbook to Unlocking Endowment Investments that Align with Mission and Generate Profits

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水曜日, 4月 12, 2023
Learning, Ford, Foundation (nonprofit), Surdna Foundation, Mission, Omidyar Network, Ford Foundation, Social finance, MRI, McKnight Foundation, Magnetic resonance imaging, Climate change, Investment, A Practical Guide to Racism, Builder, Entrepreneurship, Management, Renewable energy

CHICAGO and BOSTON, April 12, 2023 /PRNewswire/ -- Builders Initiative and Social Finance today released a new report, "Breaking Barriers:A Practical Guide to Unlocking Foundation Endowments for Mission and Returns." Written for leaders of foundations, high-net-worth family offices, and their board members, the report identifies common barriers and opportunities associated with mission-related investments (MRIs). MRIs are impact oriented, often market-rate, investments made from a foundation's endowment to advance its mission.

Key Points: 
  • Written for leaders of foundations, high-net-worth family offices, and their board members, the report identifies common barriers and opportunities associated with mission-related investments (MRIs).
  • MRIs are impact oriented, often market-rate, investments made from a foundation's endowment to advance its mission.
  • This is one of several learning initiatives Builders Initiative is pursuing as part of its strategy to expand impact investing.
  • "This timely report helps foundations think beyond grants and carve-outs towards mission-related investments that yield financial, environmental, and social returns."

The Investment Integration Project Announces Racial Equity Working Group to Tackle Racial Injustice as a Systemic Risk

Retrieved on: 
水曜日, 12月 14, 2022
Professional Services, Philanthropy, Consumer, African American, Finance, Venture Capital, Foundation, Interim, Strategic Initiative for Women in the Horn of Africa, SEIU, Women Engage for a Common Future, Surdna Foundation, Chairperson, Casselberry, Florida, Social justice, Health, Boilermaker, Pension fund, Management, Research

There is no greater systemic risk to the health and functioning of our economy than existing racial inequities in how we allocate capital.

Key Points: 
  • There is no greater systemic risk to the health and functioning of our economy than existing racial inequities in how we allocate capital.
  • The Racial Equity Working Group is one of multiple investor cohorts that will support TIIP over the next 12 months.
  • To learn more about supporting this initiative as well as applying to join an investor cohort, please contact TIIP at [email protected] .
  • TIIPs mission is to help investors understand how healthy social, environmental, and financial systems can benefit their portfolios.

National Nonprofit, Founders First CDC, Awards $100,000 to Southern California Businesses

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木曜日, 12月 15, 2022
Union Bank, Female, City National Bank, Business Center, U.S. Chamber of Commerce Building, U.S. Bancorp, Woman, COVID-19, Energetic Materials Research and Testing Center, Partner, City, JPMorgan Chase, Commerce, Reward, Chamber of commerce, Business, CRA, STEM, Plug, Rockefeller Foundation, FastPath, Workforce, Connect, SAN, City National Bank (California), Small business, Global Philanthropy Forum, Surdna Foundation, CMTC, 501(c)(3) organization, CDC, Organization, Renewable energy, Cryptocurrency, Access Media 3

SAN DIEGO, Dec. 15, 2022 /PRNewswire-PRWeb/ -- Founders First CDC, a national 501(c)(3) non-profit organization that empowers expansion in diverse, founder-led, revenue-generating businesses, announced the winners of its new Job Creators Quest Grant today during a virtual press conference. More than 1,500 Southern California businesses applied for the grants and 30 recipients were selected, with minority and underrepresented business owners receiving $100,000, collectively in cash and full tuition scholarships to a Founders First CDC Business Accelerator Program. The grant recipients were selected from throughout the Southern California region, including Los Angeles, Orange County, Riverside, San Bernardino, Imperial, and San Diego regions, serving a variety of industries – from construction and manufacturing to STEM and healthcare, to hospitality, and more.

Key Points: 
  • More than 1,500 Southern California businesses applied for the grants and 30 recipients were selected, with minority and underrepresented business owners receiving $100,000, collectively in cash and full tuition scholarships to a Founders First CDC Business Accelerator Program.
  • "This is why we created the Southern California Job Creators Grant.
  • "Small Business Majority is honored to partner with Founders First Job Creators on the announcement of the SoCal Job Creators Quest Grant," said Jessica Anguiano, Southern California Outreach Manager, Small Business Majority.
  • We are happy to support this grant guaranteed to change the lives of 30 diverse-led small businesses in Southern California."

Surdna Foundation Partners With U.S. Small Business Administration on Webinar Series to Support Women of Color Entrepreneurs

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金曜日, 10月 28, 2022
Social Services, Foundation, Other Philanthropy, Professional Services, Philanthropy, Ownership, California State University, Fresno, Color, SBA, Small Business Administration, Community, Surdna Foundation, View, Human, Small business, Economic development, Inclusive, Leadership, Social justice, Federation, Woman, Program, EST, Entrepreneurship, National Association, Tutoring, Management

The Surdna Foundation s Inclusive Economies Program and U.S. Small Business Administrations (SBA) Office of Womens Business Ownership announced today a three-part webinar series to support women of color entrepreneurs and business owners.

Key Points: 
  • The Surdna Foundation s Inclusive Economies Program and U.S. Small Business Administrations (SBA) Office of Womens Business Ownership announced today a three-part webinar series to support women of color entrepreneurs and business owners.
  • The webinar series, which kicks off on October 31, will expand access to resources and learning opportunities for women entrepreneurs on their journeys to start and grow their businesses.
  • The webinars will spotlight lessons from seasoned thinkers and doers supporting entrepreneurs to navigate the start-up space as women of color.
  • We are honored to partner with the Small Business Administration on this webinar series highlighting the wisdom and lessons of Surdnas visionary grantee partners, said Patrice R. Green, Director of the Inclusive Economies Program at the Surdna Foundation.

Texas Businesses Create New Job Opportunities in Underserved Communities with $100,000 Grant from Founders First CDC

Retrieved on: 
木曜日, 9月 8, 2022
Commerce, JPMorgan Chase, Workforce, DEC, CEO, Pan-Mass Challenge, Female, Program, Founder, Philosophy, Ewing Marion Kauffman Foundation, Mass, CDC, Chase, Rockefeller Foundation, Interim, Bank OZK, ADP, Investment, Human, FastPath, Partner, Reward, Small business, MSDC, Color, Enterprise Center, BCL, The Business Council, Foundation (nonprofit), ICIC, United States Navy, Black Enterprise, American, Bank, Nashville Area Hispanic Chamber of Commerce, Surdna Foundation, Management, Creative industries, Cryptocurrency

DALLAS, Sept. 8, 2022 /PRNewswire/ -- Founders First CDC, a national 501(c)(3) non-profit organization that empowers expansion in diverse founder-led, revenue-generating businesses, announced the grant finalists of the second iteration of its Job Creators Quest Grant today during a virtual press conference. More than 2,500 Texas businesses applied for the grants and 30 finalists were selected, with minority and underrepresented business owners receiving $100,000, collectively in cash and full tuition scholarships to a Founders First CDC Business Accelerator Program. The grant finalists were selected from throughout the state, including Austin, Dallas-Fort Worth, Houston and San Antonio, serving a variety of industries – from construction and manufacturing to STEM and healthcare, to hospitality, and more. 

Key Points: 
  • "Founders First CDC aligns perfectly with our mission, and we're excited about the opportunities the Job Creators Quest Grant will afford these grant recipients."
  • The Job Creators Quest Grant is designed to help business owners create premium wage jobs and reward diverse-led businesses throughout the state of Texas to retain and grow their workforce through the pandemic.
  • This will help to positively impact the local economy, create job opportunities with higher wages and provide the human capital needed for businesses to grow and expand.
  • In addition to announcing the grant finalists of the Job Creators Quest Grant, Founders First CDC also announced a national grant opportunity, the Stephen L. Tadlock Fund , a grant for veteran-owned businesses.

Institute For Entrepreneurial Leadership Receives $100,000 Grant From The Surdna Foundation

Retrieved on: 
木曜日, 9月 1, 2022
Surdna Foundation, CO, Female, Trust, Interim, Small business, Color, Social justice, Knowledge, Risk, Face, Woman, Management

NEWARK, N.J., Sept. 1, 2022 /PRNewswire/ -- The Institute For Entrepreneurial Leadership (IFEL) today announced it has been awarded $100,000 by the Surdna Foundation to help launch the Women of Color Connecting Capital (WOCCON) Access Accelerator Program. IFEL is a 501(c)(3) non-profit organization with a mission to eradicate the systemic barriers that prevent historically excluded populations from being able to access the knowledge, networks, and capital required for entrepreneurial success and wealth creation.

Key Points: 
  • NEWARK, N.J., Sept. 1, 2022 /PRNewswire/ -- The Institute For Entrepreneurial Leadership ( IFEL ) today announced it has been awarded $100,000 by the Surdna Foundation to help launch the Women of Color Connecting Capital (WOCCON) Access Accelerator Program.
  • While $330B was spent in VC funding in 2021, only 0.34% went to Black female founders.
  • "We are proud to partner with the Surdna Foundation to work toward redefining how risk is assessed in lending and how founders are evaluated as worthy."
  • Accelerator leadership seeks to leverage its network to facilitate relationship building that leads to capital access for more women of color.

The Investment Integration Project and Surdna Foundation Join Forces to Help Investors Adopt Innovative Techniques to Address Global Systemic Challenges

Retrieved on: 
水曜日, 8月 3, 2022
Statement, SAIL, Climate change, Social justice, COVID-19, ESG, Regulation Focused Psychotherapy for Children (RFP-C), Industry, Research, Solution, NEW, Investment, Partnership, Century, Foundation, Service Employees International Union, Asset management, Renewable energy, Bank, Public relations, Surdna Foundation

NEW YORK, Aug. 3, 2022 /PRNewswire-PRWeb/ -- The Investment Integration Project (TIIP), a consulting services and applied research firm focused on system-level investing, and the Surdna Foundation announced a collaborative partnership to help investors deliberately address systemic risks like climate change and income inequality and seize opportunities inherent in increased social justice and resilient ecosystems. Central to the collaborative is TIIP's Systems Aware Investing Launchpad (SAIL), an all-encompassing investment information platform for investors seeking to better address social and environmental risks and achieve greater impact.

Key Points: 
  • Previously, investors could find ways to insulate their portfolios from certain global events.
  • The largest, most influential investors are recognizing this trend and considering the interconnection between planetary and societal systems under stress and adverse portfolio performance.
  • These pension funds, foundations and endowments, family offices and others are charting the next, critical shift in the evolution of investment, and SAIL helps other investors join them.
  • They need help integrating system-level investing into RFPs, Statements of Investment Beliefs, investment and engagement activities, manager due diligence, and impact measurement.