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Circle announces Foundation, initial phase aims to enhance financial resilience of small businesses in the U.S.
BlockBeats News, December 2nd, According to official sources, Circle has announced the establishment of a foundation, which is a new charitable initiative dedicated to advancing financial resilience and inclusivity in the United States and globally. The Circle Foundation is launched with Circle's "Pledge 1%" equity commitment—a global program that brings together thousands of companies pledging a portion of their equity and resources to charitable causes. The Circle Foundation will support organizations that strengthen the financial systems people rely on in their daily lives, including those supporting small businesses in U.S. communities and those dedicated to modernizing humanitarian aid infrastructure internationally.
In the initial phase, the Circle Foundation will focus on enhancing the financial resilience of small businesses in the United States. Small businesses employ nearly half of America's private-sector workforce and drive over 40% of the domestic gross domestic product (GDP), yet many businesses still face difficulties in accessing affordable financing, digital tools, and the capital readiness needed for growth.
Through grantmaking, the Circle Foundation will partner with mission-driven lending institutions known as Community Development Financial Institutions (CDFIs) that fill critical gaps left by traditional finance. The foundation will prioritize supporting results-driven, technologically advanced CDFIs that share best practices and data-driven insights within their networks, thereby expanding the coverage and impact of every dollar of support.
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