Buy 1, give 5 - Program Overview
The Buy 1, Give 5 program is our effort to support women entrepreneurship both domestically (in the US) and in emerging economies.
Anyone who has ever started a business or attempted to start one, especially one that is capital and cost intensive, understands that not having startup capital can be extremely limiting. For women, and especially those that are a part of underrepresented minority groups, these startup costs can be even steeper. Economic and income inequalities can create a lack of access to funding sources, manufacturing contacts and other barriers to entry that make it difficult or impossible to navigate for most to afford to start or scale a business. The Buy 1, Give 5 program is our attempt to help some women entrepreneurs start, grow and scale their businesses.
Here’s how it works:
A full 5% would be deducted from the total amount of total sales (less tax, shipping and processing fees). That is, if an item nets $200 after taxes, shipping and processing fees, $10 will go towards the fund.
At the end of each quarter, the total amount in the Buy 1, Give 5 bucket will be tallied and divided as follows:
- 50% will go towards a domestic fund that sponsors female entrepreneurs here in the USA (Silver & Riley Women Entrepreneurship Grant). Grant amounts will increase as sales increase
- The remainder 50% will be granted to a partner organization that supports female entrepreneurship in developing economies.
Women are the pillars of our communities and when we invest in women, we build a better world together.
MAY 2021 WOMEN ENTREPRENEURSHIP GRANT WINNERS
New York, NY – May 2021 // Please join us in congratulating our the newest winners of our Women Entrepreneurship Grants. These dynamic women earned a monetary grant to aid the growth of their businesses and were chosen based on their drive, passion, commitment and the impact they make on others. Each grant applicant was also asked which of the 17 UN Sustainable Development Goals they most strongly align to and why.
Diamond Blathers is the the founder of Faith Based Journal Company, a stationary company that creates items that seeks to inspire others to journal and express themselves while spreading a message of the importance of faith. Diamond was born and raised in Richmond, Virginia and attended James Madison University where she studied Sociology and Human Resources. Of the 17 UN Sustainable Development Goals, she is most passionate about Ending Poverty.
Headwraps & Liipsticks: the Podcast is a weekly podcast hosted by HBCU alumni and friends, Sharelle B. & Sierra T. The Podcast, covers topics including politics, trending topics, pop culture and more. First meeting as two JOMC students at NC A&T State University, Sharelle and Sierra formed a bond via Twitter, noticing similar "retweets" and topics of discussion. Both making waves in Charlotte, NC also known as the Queen City, the two decided to discuss the topics that need more than 140 characters! Of the 17 UN Goals, they are most passionate about Quality Education.
Dajanaé Cole is the founder and creative director of Gratitude Aesthetics, a clothing line designed to celebrate gratitude inspired by her late mother Pamela Jean. She is passionate about fashion and empowering; this line is a merging of her passions with a timeless and simple message, gratitude. Gratitude is always going to be aesthetically pleasing. Of the 17 UN Goals, she is most passionate about Gender Equality and Climate Action.
DECEMBER 2020 MENTORSHIP GRANT WINNERS
New York, NY – December 2020 // We partnered with women entrepreneurial activist & mentor Meagan Ward for this opportunity to award 4 women entrepreneurs with a mentorship grant. The winners will receive a 3-month long tailored mentorship opportunity with Meagan Ward. Meagan teaches highly motivated and engaged entrepreneurial women who are focused on mindset mastery, scaling their businesses to 6 or 7 figures and creating a purposeful legacy.
Carina Glover is the founder of HerHeadquarters, an app connecting women entrepreneurs to brand partnerships with women-owned businesses. Since launching in May 2019, Carina has caught the attention of Congress and press like Harper’s Bazaar, Thrive Global, Business Insider, and more. Carina is a native of Omaha and recently became one of the first African Americans in her state to raise venture capital. Her vision is to start a VC fund that exclusively invests in women and minority-owned companies.
Bianca Barrera is the founder of Interpreting Without Borders, a language service initiative dedicated to promoting multilingualism. She leverages her 10 years of experience as a Spanish translator and interpreter to bring people together across cultures. She has done amazing work including assisting refugees fleeing terrorism in applying for asylum, helping families decide end of life care for their loved ones, and teaching literacy skills to kindergarteners in underrepresented communities.
Yewande Masi claims space as a regal solutionist, dot connector and womanist charged valiantly toward toxin-free living. Merging her esteemed worlds of corporate sales and entrepreneurship, Yewande operates from a limitless mindset and action as owner of Ornami Skincare, “Where self-care meets skincare.” Yewande aims to create pathways that encourage free thinking and spirited manifestation.
Jasmin Williams is the founder and Creative Director of Melanation, a digital media company and online community with the mission of transforming and cultivating a positive media landscape for black women. A Houston native and UT Alum, Jasmin is passionate about and committed to making an impact in her community. Melanation, has provided an open, safe space and resource for young black women to showcase how remarkable they are.
AUGUST 2020 WOMEN ENTREPRENEURSHIP GRANT WINNERS
New York, NY – August 2020 // Silver & Riley continued the commitment to supporting minority owned businesses with the second round of grants awarded through their Buy 1, Give 5 program. This round focused on businesses started less than two years ago by black women founders. This specific focus was chosen due to the difficulty this group has in securing other grant funds as most grant programs stipulate that businesses must be over two years old to qualify. Over 200 applicants vied for the cash awards and founders Nana Meriwether, Ornella Yovo, and Toyin Olaleye proved to be the strongest applicants, chosen based on their passion, business model, scalability and impact. To date, seven female Founders have been awarded Silver & Riley Buy 1, Give 5 grants.
Read the rest of the press release here.
MARCH 2020 WOMEN ENTREPRENEURSHIP GRANT WINNERS
New York, NY – March 2020 / Newsmaker Alert / Nearly 150 applicants vied for a SILVER & RILEY grant. Applications were narrowed down to five applicants by nine judges which included the Silver & Riley team and advisors. The five finalists were then interviewed via phone, after which three winners were chosen. Two $1,000 grant winners and an additional $500 grant was awarded thanks to additional grant funding received.
Read the rest of the press release here.