Tory Burch Grants – Discover the opportunities offered by the Tory Burch Foundation grant program for women of color businesses in the USA. Learn about available grants, eligibility criteria, benefits, and how to apply.
The Tory Burch Foundation is at the forefront of empowering women entrepreneurs in the United States, providing essential resources, funding, and education to help them thrive. With a special focus on women of color, the foundation has developed programs that bridge gaps in funding and provide access to essential tools for business growth. One of the standout initiatives is the Women of Color Grant Program, which offers substantial grants and additional resources to qualifying businesses.
This article will guide you through the available grants, eligibility criteria, benefits, and the application process, making it easier for you to understand and apply for these incredible opportunities.
Quick Facts: Tory Burch Grant Programs
| Key Points | Details |
|---|---|
| Program Name | Women of Color Grant Program |
| Grants Offered | $10,000 and $20,000 |
| Eligibility | Women of color-owned businesses in the USA (51% ownership), revenue-generating |
| Partner Organization | Fearless Fund |
| Additional Benefits | Educational resources, networking opportunities, and self-paced learning |
Key Takeaways
- The Tory Burch Foundation is dedicated to supporting women entrepreneurs.
- The Women of Color Grant Program addresses the funding challenges faced by women of color in business.
- Grantees receive financial support, education, and networking opportunities to scale their businesses.
Overview of the Women of Color Grant Program
The Women of Color Grant Program, developed in partnership with the Fearless Fund, supports businesses owned by women of color in the United States. Annually, the program selects 75 businesses to receive grants of $10,000 or $20,000. Beyond financial aid, the program provides access to a robust educational portal and opportunities for networking with other grantees.
Eligibility Criteria
To qualify for the program, businesses must meet the following requirements:
- At least 51% owned by women of color.
- A for-profit business operating under U.S. laws.
- Preferably 1-5 years in business.
- Generating revenue, with a minimum annual revenue of $100,000 preferred.
Benefits
- Grants: Financial support of $10,000 or $20,000.
- Educational Resources: Access to self-paced learning modules.
- Networking Opportunities: Participation in small-group networking events.
For more details, visit Fearless Fund.
Other Tory Burch Foundation Programs
The foundation offers additional programs aimed at helping women entrepreneurs secure funding and resources.
Access to Capital
The foundation focuses on equity financing, debt financing, and bootstrapping to provide diverse funding options for women-owned businesses.
- Equity Financing
Ideal for high-growth startups, this option requires businesses to give up a portion of ownership in exchange for venture capital.- Learn more: Equity Financing
- Debt Financing
Suitable for businesses with strong credit, allowing owners to borrow money while retaining ownership.- Discover: Debt Financing
- Bootstrapping
Entrepreneurs can use personal savings, business revenue, or grants like the Tory Burch grants to fund their ventures.- Get started: Bootstrapping
Funding Finder
A comprehensive tool to help women entrepreneurs identify the right type of capital for their business.
- Explore: Funding Finder
Conclusion
The Tory Burch Foundation, in collaboration with partners like the Fearless Fund, is transforming the entrepreneurial landscape for women in the United States. Programs like the Women of Color Grant Program empower women to overcome financial barriers and scale their businesses. With resources ranging from grants to educational opportunities, the foundation ensures that women-owned businesses can thrive and contribute significantly to the economy.
If you meet the eligibility criteria, don’t miss the chance to apply and take your business to the next level.
FAQs
1. Who is eligible for the Women of Color Grant Program?
Businesses that are at least 51% owned by women of color, for-profit, and revenue-generating are eligible.
2. How much funding can grantees receive?
Grants of $10,000 and $20,000 are awarded to selected businesses.
3. Are there additional benefits apart from funding?
Yes, grantees gain access to educational resources, networking opportunities, and a learning portal.
4. Where can I apply for the grants?
Applications are available through the Fearless Fund. Visit Fearless Fund for more details.
5. Does the foundation offer support beyond grants?
Yes, programs like equity financing, debt financing, and bootstrapping provide diverse funding options. Use the Funding Finder to explore.
