San Diego CA— Founders First CDC (Founders First), a 501(c)3 non-profit that empowers expansion and job creation in diverse founder-led, revenue-generating businesses, announced its 2021 Kitty Fund. The fund was matched by Barbara Clarke of The Impact Seat.
The Kitty Fund makes small micro investments in mothers who are running employer-based small businesses. The award, which will be granted prior to Mothers’ Day, was inspired by Founder’s First CEO Kim Folsom‘s mother, Catherine “Kitty” Abrams Tadlock Webster, who passed away in March of 2020.
The fund will make micro-investments to moms who are running employer-based small businesses to use in whatever way they need to use it — like seeking professional assistance with preparing documents to qualify for the PPP or other emergency funding. Applications are now open and close on April 29, 2021. 50 winners, announced on May 4, 2021, will each receive a $500 award. Businesses must be more than 50% woman-owned and led by a mother. Companies under $5 million in annual revenue qualify, with two or more employees.
“Mothers have been disproportionately impacted by the pandemic, and supporting the Kitty Fund is our gesture of support and solidarity for them. As a mother and a business owner myself, I want to help that important group of entrepreneurs,” says Barbara Clarke, President of The Impact Seat.
Folsom shares, “With childcare needs increasing, mothers are unduly affected. We wanted to do something positive to add a flicker of light in the economic darkness. To that end, our nonprofit, Founders First CDC, established The Kitty Fund to help moms who are running employer-based businesses.” Folsom continues, “I launched the Kitty Fund to pay forward the same support I received from my mom who passed away last year. The Kitty Fund celebrates business-owner moms for the power and greatness they display every day in raising their families and leading their employer-based companies in these challenging times.”
Learn more at: https://foundersfirstcdc.org/kittyfund/.