EQUITY FUND

In partnership with Quorum, the Equity Fund program provides grant dollars, continued business education and networking to LGBTQ+ entrepreneurs with an emphasis on BIPOC LGBTQ+ small business owners.

Program Timeline

The 2025 Equity Fund application schedule will be updated in July. The application process will take place early fall.

Am I Eligible to Apply?

Eligibility Requirements

Grant-seekers must meet all of the following  criteria to apply: 

  • You identify as LGBTQ+ 

  • If your business is located in North Dakota, South Dakota, Iowa or Wisconsin you must also identify as Black, Indigenous, or a Person of Color. 

  • Your business has been in operation for at least one year. 

  • The annual gross revenue of your business for your most recently completed fiscal year was $250,000 or less. 

  • Your business has 20 or fewer employees. 

Program Obligations

If awarded a grant, you must agree to the following conditions: 

  • You agree to only use grant funds for the business purposes outlined in your proposal. Personal uses of funds are not allowed.

  •  You agree to provide PFund Foundation with the paperwork necessary to process grant payments (signed grant agreement, IRS W9 form, and your business's logo). 

  • You agree to complete an online survey and produce a report on how you used grant funds at the conclusion of the grant period (due in spring 2025).

  • You agree to attend 80% of the cohort meetings over the course of the program.

Equity Fund grants are made possible by:

And individual donors like you

2024-2025 Equity Fund Grant Recipients

2023-2024 Equity Fund Grant Recipients

Impact

Cover page of Equity Fund 2024 Progress Report

To learn more about the work completed by the Equity Fund in 2024, please download our program progress report (pdf).

Grantee Spotlight:

Meet Belo Miguel Cipriani

Belo Miguel Cipriani is a 2022-23 Equity Fund grant recipient. Cipriani is the founder of Oleb Media, a digital inclusion consulting firm in Minneapolis that specializes in accessibility testing and remediations for websites and other digital spaces. Read more about Cipriani’s story and the work he does via Oleb Media here.