Thriving Community Fund
The Equitable Economic Advancement Collaborative includes Communities in Partnership (CIP), End Poverty Durham (EPD), Episcopalians United Against Racism (EUAR), Professor Henry McKoy PhD. of North Carolina Central University School of Business (NCCU), and Keith Daniel PhD. of Resilient Ventures, LLC (RV).
Donations are tax deductible. For Donor Advised Fund donations,
mailing address:
Communities In Partnership
PO Box 11247
Durham, NC 27703
EIN: 47-5567396
Make checks payable to and mail to. Please designate Thriving Community Fund in the memo line
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Support
$100
will support 1 part time employee for one day
$250
will support purchasing fresh food from Black/Brown Farmer
$500
will support two full time employees for a day
$750
will pay for commissary space for one month
$1000
will pay for commissary, cold and dry storage for one month
$1200
will pay for 1 full time & 1 part time employee for 1 week
Donations are tax deductible.
The fund will be housed within CIP, a majority Black women-led nonprofit 501(c)(3) in Durham.
Data points for the Thriving Community Fund
"While African Americans make up 40% and Latino(a) make up 13% of the population in Durham, they only account for around 5.50% (AA) and 2.84% (Latino(a) of business owners. Revenue for both communities hover around a little over 2% while whites make up over 74% of business owners with revenues representing over 90% of the marketshare in Durham." - Data from Dr. Henry McKoy- Ignite Speaker Series
"African American entrepreneurs are almost three times more likely than whites to have profits negatively impacted by access to capital." Kauffman Foundation, Startup Financing Trend by Race: How Access to Capital Impacts Profitability, Alicia Robb and Arnobio Morelix
The Federal Reserve surveyed over 15,000 firms in all 50 states for the Small Business Credit Survey and found that “forty percent of African Americans reported being discouraged from completing an application, compared with 14 percent of white business owners.
Simms, Margaret, “Lending practices leave entrepreneurs of color on the starting block,” Urban Institute, November 30, 2017, https://www.urban.org/urban-wire/lending-practices-leave-entrepreneurs-color-starting-block.
Partnership Organizations
