Organization Seeking Donations to Support North Carolina Entrepreneurs

 

 DURHAM, NC – March 27, 2020 – NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic empowerment in North Carolina, announced today, for the first time in the history of the organization, they will begin accepting donations to fund various grant programs that support early stage entrepreneurs of North Carolina.

“Now more than ever, the need is greater and simply beyond our capacity to fill alone. Entrepreneurs throughout North Carolina need assistance if together we are to protect the fragile but vital entrepreneurial ecosystem,” said Thom Ruhe, NC IDEA CEO and President.

Since 2006, NC IDEA has supported early stage entrepreneurs working to start and grow companies with the potential of high growth and economic impact. Over the years, the organization has developed a sophisticated process for soliciting and vetting applications, and disbursing funds tied to specific activities and outcomes. The process is supported by an extensive network of core reviewers representing the state’s economic development organizations, universities, incubators and accelerators, and investment community.

“For years we have provided funding and assistance for people trying to build great companies that create jobs and strengthen our economy. Over the last three years, we have been spending nearly double what is required by the IRS to help more entrepreneurs and ecosystem partners,” Ruhe concluded.

100% of all donations received will be disbursed through NC IDEA’s programs. Details about the fundraising effort can be found at: www.ncidea.org/partners-in-purpose/.

About NC IDEA FOUNDATION
NC IDEA is an independent private foundation committed to empowering North Carolinians to achieve their entrepreneurial potential. Through our powerful combination of competitive grants and programs, and a network of strategic partners, we help entrepreneurs when they need it most. NC IDEA’s resources are highly competitive, enabling the foundation to support North Carolina’s most ambitious entrepreneurs. We believe entrepreneurs transform communities and view our work as a catalyst for positive change. Learn more at www.ncidea.org.

NC IDEA Foundation [EIN 01-0702442] has the Federal Tax-Exempt Status of a 501(c)3 Charitable Organization.  Financial information about this organization and a copy of its license [N.C. Solicitation License Number SL012652] are available from the N.C. State Solicitation Licensing Branch at 919-814-5400. The license is not an endorsement by the State.