Million Dollar Women Fund

The mission of the MDW Fund is to provide scholarships that help to level the entrepreneurial playing field. Women of color entrepreneurs currently make $25-$50k in annual revenues on average while Caucasian women make an average of $100-$140k. The MDW Fund is working to accelerate gender and racial economic parity and close the gap by awarding scholarships to women of color business owners paying themselves less than $50,000 annually who want to increase their revenue, profitability and sustainability. 

While women of color entrepreneurs are starting businesses at 4.5 times the rate of all businesses, and 62% of women entrepreneurs depend on their business as their primary source of income, the statistics on revenue and fundraising are still abysmal.

• Fewer than 1% of women of color entrepreneurs reach $1 million in annual revenues
• Fewer than 200 women of color entrepreneurs have raised $1 million
• Women of color entrepreneurs are less likely to receive bank loans and lines of credit than their Caucasian counterparts