Revolve Fund provides patient, interest-free capital to increase capital access for Black/African-American, Latinx, Native American, and other people of color (POC)-led businesses, nonprofit organizations, financial intermediaries, and venture funds.
Revolve offers recoverable grants to organizations using an investor-like approach to ensure that Revolve's funders maximize their funding and leverage impact. This includes conducting due diligence, drafting investment recommendations, and executing investment committee reviews.
Revolve provides its recoverable grantee partners straightforward grant agreements with clear financial or impact milestones, no financial covenants, and no financial consequences if agreed upon milestones are not met.
Revolve invests in organizations located in the United States.
Revolve is grant funded, securing philanthropic funding from institutions and individuals that are committed to supporting people of color. Funders and donors do not earn a financial return as all returned capital from Revolve's investments is recycled for new investments.
Funding to Revolve is tax-deductible for eligible donors through the following ways:
Revolve's charitable purpose is to increase affordable access to capital to small businesses owned by low-income, minority and/or other disadvantaged entrepreneurs or tax-exempt organizations who historically have difficulty securing capital from traditional sources, in furtherance of the charitable, exempt purposes, as described in Section 170(c}(2}(B) of the Code, of eliminating prejudice and discrimination, providing relief to the underprivileged, or combatting community deterioration.