Fearless Fund counsel: The court ruling barring grants to Black women entrepreneurs should terrify CEOs [Fortune]
Booz Allen Hamilton Holding Corporation (BAH)
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Source: Fortune
string of attacks against diversity, equity, and inclusion (DEI) programs. The decision has troubling implications for every nonprofit, business, and individual in the United States. The Fearless Foundation was created in 2018 to help address the disparities in venture capital funding for businesses founded by Black women and women of color. In 2022, only of venture capital funding went to Black and Latino women founders and only 0.036% went to Black women. When the Fearless Fund and Fearless Foundation launched a contest to award $20,000 grants to four Black women-owned businesses, they were sued by the American Alliance for Equal Rights—a nonprofit representing three anonymous non-Black women who claimed the contest was discriminatory and in violation of the Civil Rights Act of 1866, a post-Civil War law that was designed to allow Black people to become parties to contracts. The lawsuit is part of a coordinated effort from conservative groups to undermine diversity programs. H
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BAH
Earnings
- 5/24/24 - Beat
BAH
Sec Filings
- 6/27/24 - Form DEFA14A
- 6/13/24 - Form DEFA14A
- 6/13/24 - Form DEF
- BAH's page on the SEC website