Nonprofit

Million Dollar Women Fund

New York, NY
|
mdwfund.org/

  • About Us

    The mission of the MDW Fund is to provide scholarships that help to level the entrepreneurial playing field. Women of color entrepreneurs currently make $25-$50k in annual revenues on average while Caucasian women make an average of $100-$140k. The MDW Fund is working to accelerate gender and racial economic parity and close the gap by awarding scholarships to women of color business owners paying themselves less than $50,000 annually who want to increase their revenue, profitability and sustainability. 

    While women of color entrepreneurs are starting businesses at 4.5 times the rate of all businesses, and 62% of women entrepreneurs depend on their business as their primary source of income, the statistics on revenue and fundraising are still abysmal.

    • Fewer than 1% of women of color entrepreneurs reach $1 million in annual revenues
    • Fewer than 200 women of color entrepreneurs have raised $1 million
    • Women of color entrepreneurs are less likely to receive bank loans and lines of credit than their Caucasian counterparts

    Cause Areas Include

    • Economic Development
    • Financial Literacy & Personal Finance
    • Microfinance
    • Women

    Location & Contact

    Illustration

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