The Denver Foundation’s Black Resilience in Colorado (BRIC) Fund and Urban Land Conservancy (ULC) is proud to announce a partnership in the creation of the Black Resilience in Colorado (BRIC) Loan Program. The BRIC Loan Program was created in recognition of the historic barriers of systemic racism Black nonprofits and the Black communities they serve face in accessing capital financing. This new program offers low-interest loans to support capital projects and/or other improvements for Black-led and serving nonprofits across the seven-county Metro Denver region.
The Denver Foundation established The BRIC Fund in June 2020 to dedicate resources to address systemic racism and its impact on Black communities across Metro Denver Black-led and Black serving organizations to help Colorado’s Black community move from surviving to thriving.
The Denver Foundation and the Urban Land Conservancy recognize that one of the most substantial barriers to impact for Black-led/serving organizations who aspire to build is access to capital. To help address this disparity, The Urban Land Conservancy initialized a partnership with the BRIC Fund, resourcing a new nonprofit loan program in the amount of $250,000 to support Black-led/serving 501(c)3 organizations with low-interest loans. The maximum loan amount awarded will be $50,000 per organization.
Eligibility requirements include:
- Be a current 501 (c)(3) nonprofit organization or have a fiscal sponsor
- Be Black-led and Black-serving. The Denver Foundation defines “Black” as encompassing people of African and Afro-Caribbean descent, including African immigrants and refugees.
- Provide services within the seven-county Metro Denver area
- Fit one or more of the identified BRIC priorities, preferably
Click here for complete BRIC Loan Fund guidelines and loan application.
Questions? Contact LaDawn Sullivan, Director of Black Resilience in Colorado Fund at lsullivan@denverfoundation.org.
Learn more and support the Black Resilience in Colorado Fund.
Urban Land Conservancy preserves, develops, stewards, and manages permanently affordable real estate to positively impact lives and communities in Colorado. To learn more visit urbanlandc.org