Monthly Archives: April 2012

Starbucks’ “Create Jobs for USA:” Demonstrating the Potential of a Resource Pooling Fund?

Like OIC of America’s Entrepreneur Mindset Initiative, Starbucks’ Create Jobs for USA is another initiative that can demonstrate the immense potential of pooling small amounts from large numbers of people to foster entrepreneurship and job creation in underserved communities, e.g., as conceptualized in the “National Venture & Excellence Fund” (or “EXCEL Fund”) discussed in the BlackProgress.com article, Financing Black Progress, Part 2: A Self-Reliance “Marshall Plan”: Creating a National Resource-Pooling Fund.

According to the Create Jobs for USA website (“How It Works”):

“Starbucks has teamed up with Opportunity Finance Network® (OFN) to help create and sustain jobs. The Create Jobs for USA program provides capital grants to select Community Development Financial Institutions (CDFIs). The CDFIs will provide loans to underserved community businesses, which include small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing. The goal of Create Jobs for USA is to bring people and communities together to create and sustain jobs throughout America. Continue reading

“Why Giving Circles? Why Now?” Webinar Hosted by Friends of Ebonie (from BlackGivesBack.com)

As noted in previous blog entries [Black Philanthropy and the Creation of a Transformational National Resource-Pooling FundRegional Resource-Pooling Initiatives], giving circles are “micro models” of the ambitiously transformational, large-scale, national resource-pooling fund discussed in the BlackProgress.com article, Financing Black Progress, Part 2: A Self-Reliance “Marshall Plan”: Creating a National Resource-Pooling Fund. Giving circles could potentially proliferate and grow into potent variants of such a fund at regional and national levels.

Tracey Webb, the laudable advocate of giving circles and philanthropy at BlackGivesBack.com, reports on a recent webinar titled: “Why Giving Circles? Why Now?” (available online here). According to Ms. Webb, “[y]ou’ll learn what a giving circle is, how they work, and why they are essential to communities of color. You’ll also learn why I started The Black Benefactors and resources if you’d like to start or join a giving circle.”

[Full post at BlackGivesBack.com: "Why Giving Circles? Why Now?" Hosted by Friends of Ebonie.]