Encom Global Foundation LLC | Application Preview
Encom Global Foundation LLC is seeking government grants to support payroll and the development of a college campus on its property. Their business plan involves acquiring raw land, flipping it, and selling to developers to generate capital for the foundation's growth.
The foundation aims to address disparities in funding for minority schools, recognizing that these institutions often receive less financial support compared to predominantly white schools. By focusing resources on empowering minorities, Encom intends to tackle long-standing inequities in education.
Although they face competition from organizations like NAACP, ACLU, and Black Girls Rock, Encom distinguishes itself by not only providing resources but also developing a structured program for minority success. A key component of their initiative is establishing a college campus that will allow participants in their programs to attend college at no cost, ensuring greater educational access and opportunities for minorities.
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General Information
Business Registration Number: 85-2891665
Location: Charlotte, NC, United States
Length of Operation: 4 months
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
These funds will go to payroll and toward our development plan for a college campus on one of our properties
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Business Plan
Purchase raw land and flip it, and then sell it to developers to raise necessary capital for expanding foundation assets. Because we are concentrating on an area of interest such as developing opportunities for minorities that has been overlooked for many years. Majority minority schools receive less funding than predominantly white schools and we intend to resolve this disparity by focusing all of our resources and attention on developing minorities.
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Self Identified Competition
NAACP, ACLU, and Black Girls Rock. All of these organizations exist to primarily provide resources to minorities. What makes our organization different is we not only work with minorities to ensure they have the resources they need, but we have a program dedicated to developing them and giving them the foundation they need to be successful. We are also planning to put a college campus on one of our properties which will essentially guarantee that every minority that goes through our program will go to college free of charge.
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Contact Applicant
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