Boundless Futures Foundation has awarded $585,000 to female entrepreneurs and nonprofits.
EmpowHer Grants provide up to $25,000 in business support funding.
Recipients gain access to expert Advisory Circle for business guidance.
Two distinct grant programs support both entrepreneurs and women-focused nonprofits.
The Boundless Futures Foundation, established in September 2023 by Soon and McKeel Hagerty, is a beacon of support for aspiring female entrepreneurs. The foundation’s mission is to provide financial and leadership resources to women aged 22 and older, enabling them to create businesses that address pressing social issues and make a boundless impact on society.
Soon and McKeel Hagerty founded the Boundless Futures Foundation with a vision to empower women entrepreneurs. The foundation aims to eliminate boundaries, whether self-imposed or societal, that hinder women from thriving in entrepreneurship. By offering grants and leadership resources, the foundation supports women in building businesses that not only succeed financially but also contribute positively to society.
The foundation offers two primary grant programs: EmpowHer Grants and Her Village Grants.
Since its inception, the Boundless Futures Foundation has awarded numerous grants to female-led businesses and nonprofits. Some of the notable achievements include:
The Boundless Futures Foundation aims to expand its impact by continuing to support female entrepreneurs and nonprofits. The foundation plans to make a deeper impact alongside like-minded organizations and eventually become a global entity.
Q: What is the Boundless Futures Foundation?
A: The Boundless Futures Foundation is a private foundation established by Soon and McKeel Hagerty in September 2023. Its mission is to empower female entrepreneurs by providing financial and leadership resources to help them build businesses that address social issues and make a boundless impact on society.
Q: Who is eligible for the EmpowHer Grants?
A: Female founders aged 22 and older with businesses registered and operating in the United States are eligible. The businesses must make a clear social impact, be registered for-profit entities, be earning revenue, and not be more than 3 years old. Applicants must also self-report a credit score and agree to a third-party background check.
Q: How much funding can I receive from the EmpowHer Grants?
A: The EmpowHer Grants offer up to $25,000 in business support. The funding is remitted as reimbursement for business-related expenses after submitting business-expense receipts to the foundation.
Q: What is the application process for the EmpowHer Grants?
A: Applications for the EmpowHer Grants are reviewed quarterly, with deadlines typically at the end of each quarter. Applicants are encouraged to confirm their eligibility before beginning the application process and to provide a detailed business plan and budget with their application.
Q: What types of businesses does the foundation support?
A: The foundation supports businesses that address social issues such as poverty, hunger, sustainability, and community development. The businesses must have a purpose-driven concept embedded in their business model and demonstrate a clear and consistent commitment to creating positive change.
Q: What is the Her Village Grants program?
A: The Her Village Grants program provides funding to nonprofit organizations that support female business founders. The organizations must be registered and operating in the United States and must offer entrepreneurship-related programs or services directly to women.
Q: How does the foundation support grantees beyond financial assistance?
A: The foundation provides access to an Advisory Circle, a network of professionals who offer guidance on business focus, next steps, and longer-range planning. This comprehensive support system ensures that grantees have the tools and resources they need to succeed.
Q: What is the foundation’s long-term goal?
A: The foundation aims to expand its impact by continuing to support female entrepreneurs and nonprofits. The foundation plans to make a deeper impact alongside like-minded organizations and eventually become a global entity, fostering a community of female entrepreneurs who are committed to making a difference.
The Boundless Futures Foundation is a testament to the power of supporting and empowering female entrepreneurs. By providing financial and leadership resources, the foundation helps women build successful businesses that address social issues and make a boundless impact on society. The foundation’s commitment to eliminating boundaries and fostering a community of female entrepreneurs is paving the way for a more equitable and impactful future.
