The Black Equity Initiative of the Inland Empire has launched the Black Equity Fund (BEF) A regional, pooled fund with a preliminary goal of raising five million dollars over two years.
The fund is taking an innovative approach to its initiative in alignment with the guiding principles of the Trust-Based Philanthropy Project.
The IECF Board of Directors voted Monday night to make a $150,000 commitment to the Fund.
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The Charities Aid Foundation has set up a scheme, called the Social Enterprise Assist, that will render interest-free loans of up to £10,000 each to help social enterprise start-ups.