The Equity Fund

The Equity Fund (originally known as the Twin Cities Queer BIPOC Business Capacity Fund) was created in 2020 in direct response to the dire economic circumstances created by COVID-19 and the civil unrest and burning of Lake Street following the murder of George Floyd by the police. PFund and Quorum distributed $90,000 in microgrants in 2020-21 to help Minneapolis queer small business owners of color with flexible cash assistance and remote business capacity training resources. 

Grant recipients participated in a series of hour-long remote educational sessions on vital business development topics such as human resources best practices, sources of capital, understanding legal liabilities and protections, and use of technology. In late 2022, PFund made a second round of Equity Fund grants to queer entrepreneurs of color. Grants ranged between $5,000 and $20,000 and a total of $105,000 in grant funds was distributed. 

For the 2023 funding cycle, PFund has awarded a record $435,000 in grant funds across three funding cohorts, with grant awards ranging from $5,000 - $30,000.

2023-24 Equity Fund Grantees

2023-24 Equity Fund Distribution

2023-24 Equity Fund grants were awarded across three major categories:

  1. The Equity Fund for Twin Cities Queer Entrepreneurs of Color. 10 grants to queer small business owners of color based in the Twin Cities.

  2. The Equity Fund for Minnesotan Queer Entrepreneurs. 13 grants to Minnesotan queer small business owners. LGBTQ+ entrepreneurs who live in rural Minnesota (outside the seven-county Twin Cities metropolitan area) or identify as gender-expansive (transgender, nonbinary, or genderqueer) were encouraged to apply.

  3. The Equity Fund for Midwestern Queer Entrepreneurs of Color. 10 grants to queer small business owners of color from North Dakota, South Dakota, Iowa, Wisconsin, and the First Nations therein.

For more information:  click here:

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    2446 University Avenue West, Suite 112

    St. Paul, Mn  55114

    Quorum is a Minnesota 501(c)6 non-profit organization.

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