Foundation for Black Communities recently announced the Black-owned, Black-led, Black-serving (also known as B3 organizations) which were awarded IRP funding in 2023.
FFBC’s IRP funding has three main objectives:
- Increase the quantity and quality of Black-led SPOs’ social innovation initiatives
- Support B3 SPO preparedness to access social finance
- Provide opportunities for organizational growth and development
Two different streams were available for B3 organizations under the FFBC funding for this IRP round of funding: the Explore Stream and the Stabilize & Build Stream. Read more about these two streams below:
Explore Stream Priorities
Eligible Black-led SPOs, collectives, community leaders, and entrepreneurs under the Explore stream were granted funds to:
- develop or launch a social enterprise operation/business initiative that does/plans to generate revenue and profit from the sale of goods/services;
- explore and/or launch a community-driven social innovation project (e.g. other social innovation projects, community bond raising project, outcomes contract project, etc).
Stabilize & Build Stream Priorities
Eligible SPOs under the Stabilize & Build stream were granted funds to:
- grow or scale a social enterprise operation/business initiative that does/plans to generate revenue and profit from the sale of goods/services
- develop and/or expand a community-driven social innovation project (e.g. other social innovation projects, community bond raising project, outcomes contract project, etc).
- develop, launch or grow a social enterprise that plans to generate revenue and profit from the sale of goods/services
