Foundation to pilot technology and cohort programming in Baltimore and Detroit
May 6, 2016 (Washington, DC) — According to research, low-income-single-parent-working-mother led households represent 65 percent of African American and 31 percent of Latino low-income households. Asset-limited, income constrained, employed (ALICE), women are often challenged with both financial and business training supports needed to advance their entrepreneurial pursuits, yet entrepreneurship presents a great opportunity to create pathways out of poverty for women and their children.
In response, the Walker’s Legacy Foundation (WLF) with funding support from the W. K. Kellogg Foundation (WKKF), announces the launch of an innovative program to address this access gap that includes the development of a financial literacy app, cohort structures, mentorship and programming designed to both increase the financial positioning and entrepreneurial readiness of promising low-income single mothers. The project is funded by a $160,000 grant from the W.K. Kellogg Foundation of Battle Creek, Michigan and will be piloted in Detroit, Michigan and Baltimore, Maryland.
“The Walker’s Legacy Foundation understands just how impactful empowering, hard working single mothers with the financial and entrepreneurial supports they need to advance economically can be on family and communities. By integrating technology with in-person supports, we are not only preparing women for business, but also the 21st century innovation economy,” stated Natalie Madeira Cofield, Founder of the Walker’s Legacy Foundation.
WLF and its sister organization, Walker’s Legacy, are named in honor of notable entrepreneur, Madam C. J. Walker, the first self-made millionaire in US history. At the age of twenty, Walker found herself a low-income single mother, yet she leveraged the power of entrepreneurship and transformed the course of her life and empowered thousands of women by providing job and entrepreneurship opportunities through her beauty company, Madam C. J. Walker & Co.
For more information, visit https://www.walkerslegacy.com/foundation or contact Jamila Taylor, Programs at firstname.lastname@example.org.
About the Walker’s Legacy Foundation
The Mission of the Walker’s Legacy Foundation is to provide a foundation of entrepreneurial, financial and professional support to improve the economic equality and entrepreneurial prosperity of women. The Walker’s Legacy Foundation is a project of the Washington Association of Regional Grantmakers.
About the W.K. Kellogg Foundation
The W.K. Kellogg Foundation (WKKF), founded in 1930 as an independent, private foundation by breakfast cereal pioneer, Will Keith Kellogg, is among the largest philanthropic foundations in the United States. Guided by the belief that all children should have an equal opportunity to thrive, WKKF works with communities to create conditions for vulnerable children so they can realize their full potential in school, work, and life.
The Kellogg Foundation is based in Battle Creek, Michigan, and works throughout the United States and internationally, as well as with sovereign tribes. Special emphasis is paid to priority places where there are high concentrations of poverty and where children face significant barriers to success. WKKF priority places in the U.S. are in Michigan, Mississippi, New Mexico and New Orleans; and internationally, are in Mexico and Haiti. For more information, visit www.wkkf.org.