NC IDEA is seeking applications from individuals to serve on the Foundation’s North Carolina Black Entrepreneurship Council. The Council, intended to serve the entrepreneurial aspirations and economic potential of the Black community, further supports the Foundation’s previous commitment that no less than 50% of programmatic and funding resources be in service to underserved, under-resourced and underrepresented communities, notably minorities, women and rural constituencies.
The Black Entrepreneurship Council will help guide the Foundation in its programmatic and grant making ambitions in furtherance of North Carolina’s Black community. Council members will work closely with the Foundation to identify, recommend and support partners and programs with the expressed purpose of elevating Black Entrepreneurship in North Carolina. Service on the Council will also include input on the Foundation’s funding decisions, specifically grants awarded to partner organizations through the NC IDEA ECOSYSTEM program.
The formation of the Council coincides with a recent commitment by the board of directors that the Foundation will manage operating budgets for the next two fiscal years of at least 10% of net assets; namely, twice the minimum amount required by law. The resulting increase in programmatic spend will provide a minimum of $500,000 in funding under the auspice of the newly forming council. It is the hope of NC IDEA that other organizations, companies, and individuals may wish to likewise add funding to these activities.
NC IDEA is seeking to assemble a council of approximately 10-30 members, represented by a diversity of viewpoints and experiences from throughout North Carolina; specifically a mix of leaders in the Black entrepreneurial ecosystem, as well as successful Black entrepreneurs. Applications will be evaluated based on the following criteria:
Council members will serve on a volunteer basis and can expect to donate 10-20 hours per month toward these efforts. If selected to serve on the Council, organizations with which members are closely affiliated will be ineligible to receive grant funding for any activities under the purview of the Council.
Individuals interested in being considered to serve on the North Carolina Black Entrepreneurship Council may submit an application via the button below. Applications must be received no later than 5:00pm on Friday, July 31, 2020. NC IDEA expects to follow-up with applicants and finalize the formation of the Council by August 14, 2020.