TIP TUESDAY: MONEY HONEY! · The Nonprofit Plug University

TIP TUESDAY: MONEY HONEY!

FUNDS, FUNDS, FUNDS & MORE FUNDS!

digitalundivided’s Breakthrough Program

Sponsored by JPMorgan Chase, this program helps established businesses scale up through expert mentoring, networking, and business development support. You can join their waitlist to be notified when applications open for the next cohort.

Where to apply: digitalundivided
Award amount: $5,000, mentorship, and business development resources
Who can apply: Founders must be 18 years or older, have majority ownership of a registered business operating for at least one year, generate $50,000 or more in annual revenue, and have a tech component (website or mobile app).

Gold House Ventures Founder Fellowship

In partnership with the New York City Economic Development Corporation (NYCEDC), Gold House Ventures selects 15 tech startups to participate in a 14-week entrepreneurship program. Applications typically open in the fall.

Where to apply: Gold House
Award amount: Up to $250,000 and other benefits
Who can apply: Tech startups with at least one founder from an underrepresented background who lives in New York City. Startups must build tech-enabled solutions in consumer, enterprise, fintech, healthcare, or ecommerce sectors.

EY Entrepreneurs Access Network

This 12-month program connects Black and Hispanic/Latino business owners with EY executives for personalized coaching and growth support. This includes mentoring, networking opportunities, and resources to help your business grow. Applications open in June.

Where to apply: EY
Award amount: Access to capital, resources, and networking opportunities (no guarantee of direct funding)
Who can apply: Black and Hispanic/Latino business owners with scalable companies that have been operating for at least two years and are 51% or more minority-owned.

The Freed Fellowship Grant

This monthly grant program selects one U.S. business owner as a Freed Fellow. Every applicant receives feedback through a “Freed score” and two months of free mentoring in their virtual community.

Where to apply: Freed Fellowship
Award amount: $500 monthly grant (plus potential $2,500 end-of-year grant)
Who can apply: Any micro or small business owner in the U.S., with special consideration for women, minorities, and other underrepresented entrepreneurs.

Galaxy Grants

Hidden Star, a nonprofit organization, offers these grants to support minority business owners and women. The program typically awards a few grants throughout the year and has a straightforward application with only a few questions.

Where to apply: Galaxy of Stars
Award amount: $2,450
Who can apply: Women and minority business owners across the U.S.

Transform Business Grant

This grant supports business owners from marginalized communities who focus on social impact work. The program typically has multiple application windows throughout the year, and you can follow them on social media or join their mailing list to get updates for 2025.

Where to apply: Transform
Award amount: $1,000, one year of mentorship, and pro bono professional services
Who can apply: Entrepreneurs in the U.S. from systematically marginalized groups (including BIPOC, disabled, formerly incarcerated, and LGBTQ+ individuals, among others). Applicants must demonstrate financial need and align with the program’s antiracist and anticapitalist values.

Restaurant Business Development Grant Program

The Feed the Soul Foundation created this grant program for culinary businesses. Recipients get financial education, marketing training, and customized business consulting to help their businesses grow and succeed.

Where to apply: Feed the Soul Foundation
Award amount: $10,000 grant and a consulting/training program valued at $15,000
Who can apply: Marginalized owners operating a culinary business (e.g., restaurants, food trucks, or bakeries) for at least two years. Businesses must have more than four employees and use accounting software (such as QuickBooks).

Ulta Beauty MUSE Accelerator

This 10-week program helps beauty brands succeed in retail through funding, resources, and mentorship. Eight brands are typically chosen, with applications for 2025 expected to open in early June.

Where to apply: Ulta Beauty
Award amount: $50,000 grant plus resources and mentorship through the program (not to mention the chance to pitch your business to Ulta Beauty merchants)
Who can apply: BIPOC beauty brand founders who are at least 18 years old and U.S. or Canadian citizens.

Foundation for a Just Society (FJS) Grantmaking

Since 2011, FJS has provided more than $350 million in grant funding to support organizations that advance the rights of women, girls, and LGBTQI people around the world. Their grants focus on structural change and movement building, particularly in Francophone West Africa, Mesoamerica, South and Southeast Asia, and the U.S. Southeast.

Where to apply: Foundation for a Just Society
Award amount: Multi-year general operating support (amount varies)
Who can apply: Organizations that serve women, girls, and LGBTQI people are invited to submit proposals.

The Retail Readiness Entrepreneurship Training Program

This 16-week program supports underserved entrepreneurs who create agricultural products. Through hands-on training, mentorship, and certification support, it’s designed to help founders scale their ventures and empower their communities.

Where to apply: Watson Institute
Award amount: Up to $1,000 certification stipend and 16 weeks of training
Who can apply: Impact-driven entrepreneurs working in farming or creating value-added agricultural products.

Rural Business Center Program

The Minority Business Development Agency (MBDA) provides funding to establish and operate Rural Business Centers (RBCs). In turn, these RBCs provide technical assistance, capacity building, and entrepreneurial development services to minority business enterprises at every stage of growth.

Where to apply: Grants.gov
Award amount: Approximately $400,000 with a 20% cost share requirement
Who can apply: Minority-serving institutions or consortiums led by minority-serving institutions.

Parren J. Mitchell Entrepreneurship Education Program

This is another MBDA program that helps minority-serving institutions create entrepreneurship training programs. The curriculum must cover essential business skills (e.g., business management and market analysis) and be available to the broader community (not just enrolled students).

Where to apply: Grants.gov
Award amount: Approximately $500,000
Who can apply: Historically Black Colleges or Universities (HBCUs), Hispanic-serving institutions, tribal colleges, and other designated minority-serving higher education institutions (seven in total).

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