Commitment In Action

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Grant Programs

As a Black-founded business with humble beginnings that has remained Black-led and Black-inspired, we recognize the power of entrepreneurship to address racial inequality. We pledge to give back $1 Million in direct funding annually to support small, Black-owned businesses. The Fund stands ready to serve its community where they are most underserved.

Fellowship & Scholarships

While access to entrepreneurial education for the Black community has improved over the past 50 years, we’re here to help fill the substantial gap that still remains. SMG has a long history of supporting education through its Dartmouth Fellowship program. Since then, our support has expanded to match the evolving needs of our community.

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58% of Black-owned businesses were at financial risk before the Covid-19 pandemic hit, compared with 27% of white-owned businesses
Source: Federal Reserve Bank of New York, 2020

Crisis Response

Systemic inequities mean Black communities are often more at risk of financial distress, particularly in times of crisis. As the COVID-19 pandemic caused disproportionate challenges for Black business owners in early 2020, we sprung into action by providing direct relief to help keep businesses open and thriving. 

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