GrantExec

CAH Art Bank Program 2025

$20,000
Closed
Washington D.C.
Grant Description

The LGBTQIA+ National Grant, provided by Founders First Community Development Corporation, aims to empower eligible small businesses within the LGBTQIA+ community. This initiative directly aligns with Founders First's overarching mission to foster the growth of diverse founder-led businesses that generate over $1 million in annual revenues. By offering financial support and valuable resources, the program seeks to address the unique challenges faced by LGBTQIA+ entrepreneurs and contribute to their economic success and sustainability. The primary target beneficiaries of this grant program are LGBTQIA+ identifying business owners who serve as CEO, President, or Business Owner of an active, U.S.-based business. To be eligible, businesses must have an annual revenue not exceeding $5 million, employ between 2 to 100 individuals, and have been in operation for a minimum of one year. The impact goal is to make significant investments in 25 LGBTQIA+ led businesses across the United States, thereby facilitating their growth and increasing their capacity for job creation and community contribution. The program prioritizes businesses that meet the outlined eligibility criteria, focusing on those with a demonstrated need for capital and a clear potential for growth. Beyond the direct financial support of $25,000 grant packages, a key focus is providing access to resources. This includes connecting grant recipients with like-minded entrepreneurs through the Founders First family network, and offering exclusive access to webinars and other valuable educational resources designed to enhance business acumen and operational efficiency. The expected outcomes of the LGBTQIA+ National Grant include the direct financial empowerment of 25 small businesses within the LGBTQIA+ community. Measurable results will include the number of businesses receiving grants, their continued operation and growth, and their engagement with the provided resources. Founders First's strategic priorities are clearly centered on increasing the number of successful, diverse founder-led businesses, and this grant program serves as a critical component of their theory of change, which posits that targeted financial investment combined with robust support systems will lead to sustained economic impact and a more equitable entrepreneurial landscape.

Funding Details

Award Range

Not specified - $20,000

Total Program Funding

Not specified

Number of Awards

Not specified

Matching Requirement

No

Eligibility

Eligible Applicants

Nonprofits
State governments

Geographic Eligibility

All

Key Dates

Application Opens

May 3, 2024

Application Closes

May 28, 2024

Contact Information

Grantor

Washington D.C. Commission on the Arts and Humanities (CAH)

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Categories
Arts
Humanities
Recreation
Capacity Building
Business and Commerce