The Coca-Cola Foundation Continues Legacy of Support for Synergies Work

Synergies Work | November 30, 2022 | Read time : 02:30 min

The Coca Cola Foundation News
Synergies Work, an Atlanta nonprofit that supports entrepreneurs with disabilities, announced today it has received a $50,000 grant from The Coca-Cola Foundation—the third such grant since 2019. Synergies Work will use the funding to continue providing accessibility to entrepreneurship with an expanding lens focused on Diversity, Equity, and Inclusion.

Among the statistics representing the 61 million U.S. adults who have a disability:
  • At the national level, Black people have a disability rate up to 2.5 times higher than white people
  • 1 in 4 women have a disability
  • People with disabilities account for more than half of those living in long-term poverty

To date, 62 percent of Synergies Work program participants have been women and 54 percent have been people of color.

“From our early days, The Coca-Cola Foundation has been an ardent and passionate supporter of Synergies Work and the entrepreneurs we serve, We could not have evolved into what we are today without this funding support, and for this we are sincerely grateful.” 

-Aarti Sahgal, Founder and CEO of Synergies Work.

People with disabilities must increasingly be brought into the DEI conversation, said Saadia Madsbjerg, President of The Coca-Cola Foundation. A core part of The Foundation’s mission is to make a difference in communities. This grant helps redefine the face of entrepreneurship by expanding opportunities for all with disabilities. Our funding to Synergies Work will bring greater awareness to the intersectionality of people of color, women, and disability.

About Synergies Work:
Founded in 2016, Synergies Work is the largest business incubator and accelerator for entrepreneurs with disabilities in the United States. The organization serves entrepreneurs at every stage of their journey—from ideation to exit. With the goal of building one world where people with disabilities belong, Synergies Work helps entrepreneurs with disabilities launch, grow, and maintain sustainable small businesses. Its approach is based on a fundamental belief that all individuals have boundless talent, an inherent curiosity to explore, and a passion to succeed. Synergies Work has received the Dave Hammis Innovation Award from the APSE (Association of People Supporting Employment First) and received second place and Audience Favorite grants from Truist Foundation’s Inspire Awards. The nonprofit is also part of the Moonshot Initiative in partnership with SmartJob and Enable Ventures which was announced at the Clinton Global Initiative. 

About The Coca-Cola Foundation:
The Coca-Cola Foundation is the global philanthropic arm of The Coca-Cola Company. Since its inception in 1984, The Foundation has awarded more than $1.4 billion in grants to support sustainable community initiatives around the world, including protecting the environment; empowering women; and the overall well-being of communities through education, youth development, arts and culture, and economic development.


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Other News

Ready To Succeed Selected for $80,000 Grant from The SAM Initiative

Ready to Succeed | December 20, 2022

Innovative nonprofit career accelerator, Ready to Succeed (RTS), was recently awarded an $80,000 funding grant from the renowned philanthropic giving circle, The SAM Initiative. Ready to Succeed empowers college-going foster youth and first-generation college students to graduate, launch successful careers, and reach their full potential. This grant will fund a new career advisor position - a key ingredient in their recipe for success. After a competitive process with 200 nonprofits, The SAM Initiative selected Ready to Succeed along with East Los Angeles Women's Center, Alexandria House, and Village for Vets. A testament to their own growth, The SAM Initiative has donated millions of dollars since founder Mindy Freedman began bringing together volunteers to support a rotating roster of nonprofits through private philanthropy. They hope these grants cause a ripple effect where others are inspired to donate in any way they can, especially during this season of giving. "The SAM Initiative is honored to grant Ready to Succeed $80,000. The way RTS supports its foster youth and first-generation college students is beyond impressive. They are providing these students with invaluable services that help them not only excel in college but in the workplace after graduation. The care and support they provide are clear both in their approach and success rates. Our giving circle is excited to see the impact our collaborative giving will make as RTS continues to serve this important demographic." -Laurie James, SAM Initiative Member This generous funding during the holiday season helps Ready to Succeed continue to meet the unique needs of under resourced students who would otherwise go without. RTS career advisors are specially trained to support RTS Scholars, all of whom have faced and continue to face a distinct set of challenges. Most don't have access to family support systems that help guide them during their studies, facilitate networking, and prepare them for careers. Unfortunately, time with school career advisors is far too insufficient. "In my school of 40,000 people, I only have a ten-minute time slot with my career advisor. At RTS I have hours and hours of time with my career coach that I can schedule whenever I feel like. I feel much more confident in reaching for my dreams." -RTS Scholar Kim G. Preparing students for successful career-track jobs starts when they are in school. Ready to Succeed has solidified a holistic approach designed to run concurrently with their academic studies, covering five core pillars: coaching, mental health and wellness, internships, networking, and targeted financial support. 92% of RTS Scholars have secured strong entry-level jobs within six months of graduation, results that are otherwise cut by more than half. RTS career advisors are the driving force behind statistics like these, and after seven years of supporting almost 400 scholars, The Sam Initiative grant will ensure RTS can continue growing its impact. About Ready to Succeed Ready to Succeed (RTS) is a career and personal development nonprofit that empowers foster and first-generation college students to graduate college, launch successful careers and reach their full potential. Pat McCabe and Romi Lassally founded Ready to Succeed in 2016 after they observed that foster youth faced some of the worst outcomes among their peers with extremely low college graduation rates and high rates of unemployment, housing insecurity, and criminal convictions. Propelled by the belief that young people can thrive with the right resources, relationships, and opportunities, RTS has grown to serve nearly 400 Scholars and alumni. To date, RTS participants have achieved record-breaking outcomes with more than 90% graduating college in 4.5 years and securing strong entry-level jobs within six months of graduation. About The SAM Initiative Founded in 2013 by social entrepreneur and philanthropist Mindy Freedman, SAM is a group of individuals who use collaborative giving to promote social change and support organizations that are improving the lives of women, children and families in Los Angeles.SAM members share a passion to learn about needs in the community, vet different organizations and choose how their funding can make the most meaningful difference.

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New CompTIA Workforce Solutions team strengthens nonprofit association's commitment to unlocking potential in tech employment arena

CompTIA | November 11, 2022

CompTIA, the nonprofit association for the information technology (IT) industry and workforce, announced today the creation of a Workforce Solutions team to drive closer collaboration among groups working to ease the tech talent crunch. The new team brings together CompTIA executives and staff who work with key influencers and decision makers in the academic, employer, government and workforce communities. "Each of these markets is going through great transition as they individually take on the challenge of developing more talent to fill current and future needs for technology professionals and digital workers. CompTIA has a rich history as a community organizer, bringing groups across the ecosystem together to maximize efforts and combine resources to solve shared challenges; in this instance, easing the tech talent shortage." -Nancy Hammervik, chief solutions officer at CompTIA who leads the Workforce Solutions team. Over the next decade, projections indicate demand for tech workers will grow at twice the rate of the overall labor force. Navigating this talent constraint era will require innovative approaches and close collaboration among interested parties. CompTIA has a long-standing and ongoing commitment to building a robust tech workforce around the world. This includes helping individuals grow in confidence and unlock their potential to work in tech. It also involves collaborating with employers and other organizations to create and expand career development options to establish a strong, sustainable pipeline of skilled workers and create opportunities to anyone interested in working in tech. About CompTIA: The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world's economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for unlocking the potential of the tech industry and its workforce.

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Access to Capital for Entrepreneurs receives $3.75 million grant from Truist Foundation to support expansion into South Georgia

Truist Foundation | December 12, 2022

Truist Foundation today announced a $3.75 million commitment to launch the Diverse, Equitable and Inclusive Small Business Capital strategy at Access to Capital for Entrepreneurs Inc. (ACE), a nonprofit and community development financial institution, that provides capital, coaching and connections to help borrowers create and grow sustainable businesses that generate jobs. This grant serves as the largest philanthropic corporate gift in ACE's history. To meet increased demand and support the growing needs of Georgia's small business owners in rural and underserved communities, ACE aims to expand its lending capabilities beyond its current 68-county footprint in Georgia, which includes metro Atlanta and North Georgia. Truist Foundation's grant will help enable ACE to provide increased equitable loan capital for minority-owned small businesses over three years. ACE will also leverage the capital to continue spurring local job creation and retention while seeding start-up program operations and infrastructure for an expansion into South Georgia. Today, Bill Rogers, chairman and CEO of Truist Financial Corporation; Lynette Bell, president of Truist Foundation; Katie Saez, Georgia regional president for Truist; and Christopher Nunn, commissioner of the Georgia Department of Community Affairs, joined Grace Fricks, president and CEO of ACE, at Westside Future Fund to discuss the details of the grant and the impact equitable lending can have on generational wealth for individuals and communities currently underserved in Georgia. 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Truist's support is helping propel the beginning phases of our statewide expansion to serve more small businesses throughout Georgia, providing needed capital to BIPOC (Black, Indigenous, and People of Color), women and low-income entrepreneurs over the next three years, said Fricks.Small businesses are the lifeblood of communities, family well-being, and our economy. And collaborations like this enable us to be on the frontlines helping them to not only survive, but to thrive. ACE's lending increased tenfold since 2019, as the organization quickly responded to deliver relief to Atlanta's small businesses during the COVID-19 pandemic. The organization went from providing less than 100 loans in 2019 to more than 1,200 throughout 2020 and 2021. In 2021 alone, ACE closed $37.3 million in loans, helped to create and retain 4,368 jobs and provided more than 18,000 hours in business consulting. Of the organizations ACE supported in 2021, 94% are owned by minority populations—51% by women and 72% by People of Color. This grant to ACE underscores our commitment to supporting entrepreneurs in Atlanta and throughout the state of Georgia, said Katie Saez, Georgia regional president for Truist. ACE's work is creating opportunities for minority- and women-owned small businesses to expand, thrive and create jobs, improving the lives of individuals, families and communities throughout our state. About Truist Foundation: Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. Truist Foundation's grants and activities focus on building career pathways to economic mobility and strengthening small businesses. About ACE | Access to Capital for Entrepreneurs Inc: ACE is a 501(c)(3) not-for-profit and community development financial institution (CDFI) that provides loans and business development resources to help its borrowers create and grow sustainable businesses. ACE is the resource of choice for those who may not be financed fully by traditional lenders. With a focus on underserved people and places, ACE connects small businesses owned by women, people of color and low- to moderate-income entrepreneurs in metro Atlanta and North Georgia with capital and coaching to sustain their businesses, retain their employees and thereby support their local communities. ACE has offices in Westside Atlanta and Cleveland, Georgia, and ACE Women's Business Center locations in Norcross and Savannah, Georgia, with plans to expand into southwest Georgia.

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National Charitable Organization Charity On Top Announces Givex as its Gift Card Provider

Charity On Top | December 21, 2022

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To ensure you capture the relevant data, try investing in a Donor Management System/ Database Management System (commonly known as CRM- Constituent Relationship Manager system). There are many CRM options available these days, some examples are – Salesforce, Raiser’s Edge, HubSpot. If this is not possible, a basic data management system can be built by using simple tools too. Its ability to analyze and give different reports will be limited but can be very useful in maintaining records, analyzing donor profiles, understanding, giving patterns, and so on.