MOZAIK Philanthropy, a national foundation committed to democratizing philanthropy, has announced the launch of its New Economy Flow Fund in support of groundbreaking for-purpose/for-profit social enterprise organizations and entrepreneurial changemakers working to advance a just, sustainable, and equitable economy in the Los Angeles metro area.
The $70,000 fund will support innovative social enterprise organizations with 501(c)3 nonprofit status (or a fiscal sponsor with such status) working to deliver social, environmental, or economic returns through a sustainable revenue-generating business model. The fund is also open to individual social entrepreneurs with an innovative social enterprise idea working to bring their plan to life.
The NEW ECONOMY Flow Fund is open to all applicants in the Los Angeles metro area. The deadline to submit a proposal is December 7. All proposals will be evaluated by a review board of flow funders drawn from both nonprofit and business leaders and selected by MOZAIK Philanthropy for their knowledge and expertise in the fields of social entrepreneurship, sustainable development, and grassroots community-building. Multiple grants will be awarded, with grant amounts ranging between $5,000 and $10,000 per organization or individual, to be dispersed in January 2021.
For more information and/or to submit a proposal, visit the New Economy website.