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The hype surrounding non-fungible tokens (NFTs) and smart contracts presents Black Tech Street the perfect opportunity to unveil their latest campaign. The national initiative — which launched on the Tulsa Race Massacre anniversary last month — is now launching the first-ever regenerative fundraising campaign to build a brand new tech hub for Black entrepreneurs in Tulsa, OK, a press release reports. As part of its commitment to facilitate a $1 billion investment in the Black Tulsa Economy, Black Tech Street hopes this campaign will inspire social impact giving from today’s most impactful innovators and investors. “We are minting a one-of-a-kind Centennial Coin NFT to commemorate the 100th anniversary of the Greenwood Massacre and to raise funds to secure the next 100 years of innovation and success for Black entrepreneurs,” Black Tech Street founder Tyrance Billingsley II said in a statement. In partnership with SecondMuse and Blockchange, the new tech hub will represent what was...
The nation’s largest Historically Black College and University (HBCU) just set an all-time record for fundraising. According to NPR, North Carolina A&T State University (N.C. A&T) has raised $88 million since its fiscal year began last summer, which is nearly six times what the university normally fundraises annually, and it’s not even over yet. The university’s new fundraising brings its total to $181.4 million, completing its eight-year campaign, according to an announcement from administrators. Including its endowment, N.C. A&T’s assets are also now listed at $153 million, making it the most of any public HBCU ever. “There has not been a year like that ever in our history,” Todd Simmons — N.C. A&T’s associate vice chancellor for university relations — told the NPR. “Nor has there been a year like that in the history of nearly any other public HBCU in America.” The outlet reports that the uptick in donations and support from both private donors and large corporations came as a...
In honor of Black History Month, Natural Grocers has renewed its partnership with Jack and Jill of America, Inc. (JJOA) to support the organizations’s College Graduation Assistance Program (GAP) Fund designed to assist HBCU students. According to a press release, Natural Grocery plans to donate 1 percent of proceeds from all purchases on Sunday, Feb. 28 to the College GAP Fund, which offers scholarship endowments to these HBCU students. Every year, a number of college seniors are faced with the challenge of not graduating on time due to tuition debt, but with JJOA and Natural Grocers’ joint initiative, they’re aiming to provide a direct lifeline for these students attending HBCUs who have the grades and credits that qualify them to graduate. Jack and Jill of America, Inc. — a membership organization founded in 1938 dedicated to nurturing future Black leaders through leadership development, volunteer work, philanthropy, and civic duty — forged this partnership with Natural Grocers in...
Last month, all-inclusive e-commerce platform Thirteen Lune kicked off its launch to support more Black and brown-owned beauty brands. Now the online beauty hub has raised $1 million to expand its development with help from several investors, including media mogul and entertainer Sean “Diddy” Combs, WWD reports. “I believe in the Thirteen Lune mission to build generational wealth for Black and brown business owners,” said Combs in a statement. “Nyakio and Patrick have the vision and grit to build a world-class platform, and I’m excited to be an investor and adviser.” In addition to Diddy’s participation, WWD shares that Thirteen Lune also enlisted other well-known early investors such as Gwyneth Paltrow, Naomi Watts, Gregg Renfrew of the Beautycounter, Tracey Cunningham of Mèche salon, former U.S. Ambassador Nicole Avant, venture capitalist Patrick Finnegan, and Sydney Holland of Urban and The Mystic. “Through this capital that we raised, $1 million with our friends and family, and...
HBCUs contribute a rich history of collectivism, collaboration, and philanthropy that make them unique educational institutions, but the financial challenges they encounter at large endanger their survival. To combat those challenges, HBCU Change — an interactive philanthropic experience — is on a mission to use innovative ways to raise $1 billion for HBCUs over the next five years, according to a press release . View this post on Instagram A post shared by HBCU Change $$$$ (@hbcuchange) “I created the HBCU Change app to allow Historically Black Colleges and Universities to innovatively engage their alumni and supporters,” said Xavier Peoples — founder and creator of the HBCU Change app — in a press statement . In terms of function, “the app allows alumni and supporters to give back at any time, in any place by allowing their spare change to go towards their selected school,” according to Peoples. The app rounds up credit or debit card purchases to the nearest dollar and then...