JWC Foundation

The JWC Foundation is a U.S.-based nonprofit organization, designated as a 501(c)(3) entity. Its mission is centered around equipping Black-owned small businesses with culturally relevant programs and resources, aiming to build resilient operational foundations and foster meaningful connections within the community[1][4].

Mission and Vision

The JWC Foundation envisions a world where Black entrepreneurs have access to the resources and community support needed to build sustainable businesses that drive economic growth[1]. This vision is rooted in acknowledging the unique journey of Black entrepreneurs, recognizing the historical challenges they face in achieving success akin to the broader American narrative[1].

Core Values

The organization operates under several core values:

• Black: The foundation is unapologetically Black, with every aspect of the organization centered in Black culture, community, and wealth[1].
• Authentic: It emphasizes genuineness and purpose in all endeavors, ensuring transparency and consistency in its actions and commitments[1].
• Excellence: The foundation strives for the highest quality in its operations, ensuring integrity and the greatest positive impact for the community it serves[1].

Programs and Initiatives

The JWC Foundation offers several programs and initiatives, including:

• JWC Academy: Provides hands-on training for business owners at various stages, including webinars and in-person sessions. It offers a 12-month accelerator for new business owners[5].
• Jackson Ward Collective: This initiative connects Black business owners across the Greater Richmond, Virginia region, offering access to resources, network events, and webinars[5].
• BLCK Street Conference: An annual conference for non-tech entrepreneurs, featuring panels, workshops, and networking opportunities[5].

History and Inspiration

The foundation's name, Jackson Ward Collective, pays homage to the historical Jackson Ward neighborhood in Richmond, Virginia—a region once referred to as America's "Black Wall Street." The neighborhood was renowned for its thriving Black-owned businesses and community development, exemplified by figures like Maggie L. Walker, founder of St. Luke’s Penny Savings Bank[5]. The JWC Foundation aims to replicate this model of Black success and community prosperity through its initiatives.

Governance and Leadership

Rasheeda Creighton serves as the Executive Director of JWC Foundation. She is a seasoned executive turned entrepreneur with a background in connecting Black and Brown communities to opportunities for growth and wealth building[4].

The board of directors includes figures like Elizabeth Johnson, Archie Alston II, Crystal Lowery, and Jetheda Hernandez Warren, among others[1][4].

Financials

In recent fiscal years, the organization has reported its primary revenue source as contributions, with investments and program services also contributing to its income[2]. Expenses are primarily allocated towards executive compensation and other salaries and wages[2]. Donations to the JWC Foundation are tax-deductible due to its 501(c)(3) status[2].

[1] https://www.thejwcfoundation.org/about-jwcf [2] https://projects.propublica.org/nonprofits/organizations/881731609 [3] https://jwcouchfoundation.org [4] https://www.guidestar.org/profile/shared/dc7cd226-8fc5-4d1b-9a6d-7c4f7053f9e0 [5] https://www.thejwcfoundation.org