About the Foundation
Our Mission
The QCAACC-Foundation was established in 2022 as a 501(c)(3) organization under the U.S. Internal Revenue Code (IRC). Its mission is to provide financial assistance to African American businesses located and/or operating in Kane, Kendall, DuPage, and Will counties in Illinois. Through the QCAACC-Foundation Grant Fund, grants of up to $5,500 can be awarded to eligible African American businesses within these counties. The funds may be utilized by brick-and-mortar businesses to cover overdue rent, utilities, outstanding debts to vendors, licensing fees, and other immediate operational costs incurred due to unforeseen circumstances. Additionally, businesses may request support for purchasing equipment and necessary materials aimed at expanding their operations.
Grant Fund Eligibility
To qualify for a QCAACC-Foundation grant, businesses must meet the following criteria:
- 1Business must have been in operations for 3 or more years
- 2Business must have 5 or fewer full-time employees
- 3Business must be unable to secure assistance from the SBA or other assistance programs
- 4Non-profit or religious organizations are not eligible
- 5Home-based businesses are not eligible
Sherman L. Jenkins
Michael Pegues
James Bass
Lynda Garrison Carlton
Kwasi S. Jenkins
Brittany Pedersen
Lorena Labastida
Our Core Values
Empowerment
We are dedicated to empowering African American entrepreneurs by providing resources and support to help their businesses thrive.
Community Impact
Our initiatives aim to create a lasting positive impact in the communities we serve, fostering growth and opportunity.
Sustainability
We prioritize sustainable practices to ensure long-term success and resilience for the businesses we support.