Blackstone Charitable Foundation Announces Second Annual Organizational Grant Recipients

Seventeen Organizations Awarded $1.6 Million to Support Entrepreneurship and Innovation across the United States


WEBWIRE – Wednesday, February 12, 2014

New York – The Blackstone Charitable Foundation announced that it has awarded grants totaling $1.6 million to seventeen non-profit organizations. The grants were made through the Blackstone Organizational Grants Program, an annual program targeting organizations that focus on fostering entrepreneurship and innovation, now in its second year. Through this program, The Blackstone Charitable Foundation is helping innovative organizations pilot, expand or replicate projects or programs that will catalyze the growth of successful businesses, industries, and communities in their regions.

“We are proud to be able to provide this year’s grant recipients with the resources they need to expand the reach of their programs both within their regions and beyond,” said Amy Stursberg, Executive Director of the Blackstone Charitable Foundation. “As we continue to focus on building a robust network of entrepreneurial activity across the nation and globally, we are pleased to extend funding to this year’s recipients, who have shown immense potential and innovation in the area of entrepreneurship.”

The grantees were selected through a Request for Proposals (RFP) process established by the Blackstone Charitable Foundation as part of its five-year, $50 million Entrepreneurship Initiative. Over five hundred organizations submitted proposals, of which the top seventeen were selected to receive grants. This year’s funding was granted to eleven new organizations and six organizations from last year’s pool of winners. The reach of the grantees’ programming extends across eleven U.S. states, Washington, D.C., South America, the Middle East and North Africa. The seventeen organizations were selected by a committee of Blackstone employees and subsequently approved by the board of the Blackstone Charitable Foundation.

The grant recipients are:

Continuing Organizational Grant Recipients


New Organizational Grant Recipients


About The Blackstone Charitable Foundation

The Blackstone Charitable Foundation was founded at the time of The Blackstone Group’s Initial Public Offering in 2007 with substantial commitments from the Firm’s employees. Influenced by the enterprising heritage of the firm and its founders, The Blackstone Charitable Foundation is directing its resources and applying the intellectual capital of the firm to foster entrepreneurship in areas hardest hit by the global economic crisis. Through its investment expertise across several asset classes and geographies, Blackstone has a unique perspective on the global economy and a heightened understanding of how entrepreneurial activity is often the crucial catalyst in the growth of successful businesses, industries and communities. (For more information, see www.blackstone.com/CharitableFoundation.htm)



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