entrepreneurship diversity – Feb 11

Posted by Nasdaq Foundation on January 17, 2023

Nasdaq Foundation invites applications for quarterly grants

The Nasdaq Foundation reimagines investor engagement to equip underrepresented communities with the financial knowledge and tools they need to share in the wealth that markets create and leverage the foundation’s investment in the Nasdaq Entrepreneurial Center alongside new strategic partnerships with organizations that can help build a deeper, data-led understanding of where the challenges are greatest, what existing efforts could be amplified, and how the foundation can make new and distinctive contributions.

To that end, the foundation invites applications to its quarterly grant program, which will award funding in two areas of focus:

1. Empower diverse investors with the financial knowledge and confidence they need to share in the wealth that markets can create. Grants will be given in this area to organizations and programs that deliver impact in one or more ways: enhance financial literacy among women and underrepresented communities and improve access to knowledge and tools among women and underrepresented communities.

2. Support diverse entrepreneurs with the resources to strengthen and scale their businesses and contribute to the prosperity of society. Grants will be given in this area to organizations and programs that deliver impact in one or more ways: equip women and diverse founders with mentoring and resources, and improve access to capital for women and diverse founders.

While there is no set minimum or maximum grant amount, the average size of a grant made by the foundation is $75,000.

Eligible applicants include those tax-exempt as defined by section 501(c)(3) of the Internal Revenue Code and for-profit businesses or consultants acting on behalf of a qualified tax-exempt entity. If the grant is awarded, a representative of the tax-exempt entity must sign the grant agreement, and the grant will be paid to the tax-exempt entity.

For complete program guidelines and application instructions, see the Nasdaq Foundation website.

Deadline: February 11, 2023