The Children’s Inn at NIH Receives $1 Million Grant from Gilead Sciences for Renovation and Expansion
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The Children’s Inn at NIH Receives $1 Million Grant from Gilead Sciences for Renovation and Expansion

The Children’s Inn at the National Institutes of Health (NIH) has been awarded a significant $1 million grant from Gilead Sciences Inc. to support its renovation and expansion efforts. This funding will contribute to the creation of The Gilead Sciences Welcome Center, a key part of The Inn of Tomorrow, a substantial $50plus million project…

Illumen Catalyst Fund Raises $32.75 Million to Support Diverse Managers and Entrepreneurs
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Illumen Catalyst Fund Raises $32.75 Million to Support Diverse Managers and Entrepreneurs

Illumen Capital, an impact fund of funds based in Oakland, California, has raised $32.75 million for its Catalyst Fund to address systemic inequity by supporting firsttime fund managers and entrepreneurs from underrepresented backgrounds. This new fund aims to tackle the lack of institutional capital available to diverse managers, which is often hindered by familiarity bias…

Visa Foundation Awards $500,000 Grant to Operation HOPE to Boost Financial Inclusion Efforts
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Visa Foundation Awards $500,000 Grant to Operation HOPE to Boost Financial Inclusion Efforts

Description of the Company Receiving the Funding: Operation HOPE is a national nonprofit organization established in 1992 with the mission of closing the racial wealth gap. It provides nocost financial counseling services such as Credit and Money Management, Home Ownership, and Small Business Entrepreneurship to primarily low and moderateincome communities across the United States. What…

The fund supporting VeteranOwned Small Businesses does it again
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The fund supporting VeteranOwned Small Businesses does it again

Description about the company receiving the funding: Veteran Loan Fund (VLF) is a collaborative effort of a national group of Community Development Financial Institutions (CDFIs) and specialized technical assistance partners. Their mission is to help underserved veterans and their spouses start and grow small businesses. What the funding will be used for: The second round…

Milken Institutes SPARC Initiative Expands Scientific Research with $70 Million Investment
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Milken Institutes SPARC Initiative Expands Scientific Research with $70 Million Investment

Description about the company receiving the funding: The Milken Institute Science Philanthropy Accelerator for Research and Collaboration (SPARC) is a program dedicated to reshaping scientific research fields and advancing better diagnostics and treatments. What the funding will be used for: Over the past two months, SPARC has strategically deployed nearly $70 million into neglected research…

Ameriprise Financial Partners with Feeding America for National Day of Service
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Ameriprise Financial Partners with Feeding America for National Day of Service

Company Description: Ameriprise Financial has been supporting communities across the country for 15 years by addressing food insecurity through its National Day of Service. The firm partners with Feeding America, leveraging their nationwide network of food banks and meal programs to alleviate hunger. Funding Purpose: Alongside volunteer efforts, Ameriprise is providing nearly $2.8 million in…

Sallie Mae Fund Provides $50,000 Grant to Folds of Honor in Support of Military Families
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Sallie Mae Fund Provides $50,000 Grant to Folds of Honor in Support of Military Families

In honor of Veterans Day, The Sallie Mae Fund has granted $50,000 to Folds of Honor. This initiative underscores its dedication to military servicemembers and their families, especially by funding scholarships for the children and families of fallen and disabled military service members. Allen Wronowski, director of Folds of Honor, stated, “Sallie Mae’s continued support…

Family Promise Awards Clayton with Inaugural Karen Olson Impact Award
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Family Promise Awards Clayton with Inaugural Karen Olson Impact Award

Family Promise, a nonprofit addressing family homelessness, awarded Clayton, a builder of singlefamily attainable housing, the inaugural Karen Olson Impact Award for their partnership. Clayton received the award for their support in advancing the movement started by Family Promise founder Karen Olson, aiming to provide safety and stability of a home for every family. The…

Urban One Expands Spanishlanguage Programming with La Mega Media Agreement
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Urban One Expands Spanishlanguage Programming with La Mega Media Agreement

Urban One Inc. has announced a Local Management Agreement (LMA) with La Mega Media, Inc., and Lazo Media LLC, to expand Spanishlanguage programming in Ohio markets and Indianapolis. The agreement, effective November 1, 2024, will see Urban One owning and/or operating La Megabranded stations in Cleveland, Columbus, Cincinnati, and Indianapolis. Claudia DeLeon, appointed as Vice…