The African American Small Business Foundation, Inc. announces significant milestones

NEW YORK, NY – December 15, 2025 – The African American Small Business Foundation, Inc. (AASBF), a leading nonprofit dedicated to strengthening economic empowerment for minority entrepreneurs, today announced significant milestones, including major national media recognition and its inclusion on the global corporate giving platform, Benevity. These achievements underscore the Foundation’s expanding influence as a critical force in closing systemic opportunity gaps for African American-owned businesses nationwide.

The Foundation’s recent listing on Benevity, the world’s premier corporate social responsibility platform, marks a transformative moment, unlocking access to corporate donations, employee-matching gifts, and volunteer grants from Fortune 500 companies globally. This new channel provides a sustainable funding pathway to scale AASBF’s vital programs.

Phil Andrews, Founding President of the African American Small Business Foundation, Inc., 100 Black Men of Eastern New York, Inc., and the President of the Long Island African American Chamber of Commerce, Inc.

“This visibility positions our Foundation to build long-term sustainability while helping expand resources for minority-owned small businesses across the region and beyond,” said Phil Andrews, President of the African American Small Business Foundation, Inc. “Corporate donors want to support organizations driving economic mobility and real impact. Our Benevity presence gives millions of employees a trusted way to support our mission.”

Past Milestones and Ongoing Impact

Since its launch, the AASBF has been committed to tackling core barriers faced by African American entrepreneurs, often highlighted for its community-centered strategies and advocacy in national media outlets like Black Enterprise and ESSENCE.

Key ongoing areas of impact include:

• Access to Capital: Providing crucial pathways to micro-grants, loan programs, and capital readiness training to overcome persistent funding disparities.
• Technical Assistance and Education: Delivering year-round workshops, mentorship, and training focused on business planning, digital literacy, e-commerce, and government contracting.
• Advocacy and Coalition Building: Championing fair access to state and federal resources, inclusive procurement policies, and increased MWBE (Minority/Women-Owned Business Enterprise) participation.
• National Recognition: Achieving coverage in multiple national media outlets for its leadership in advancing economic mobility and creating pathways to prosperity for underserved communities.

Funds raised through these efforts directly support programs that nurture new businesses, create job pathways, provide technical assistance, and help small business owners grow to scale, reinforcing community stability and building generational wealth.

As the Foundation concludes its successful Year-End Giving Campaign, it remains focused on scaling its impact in 2026:

• Expanding Reach: Deepening outreach and support for small businesses seeking to grow and scale, particularly in the Downstate, New York region.
• Strategic Partnerships: Increasing collaboration with corporations, philanthropic leaders, and community organizations to diversify funding and resource delivery.
• Program Scaling: Enhancing capacity-building, financial literacy, and youth entrepreneurship initiatives to ensure long-term success for a new generation of founders.

“We are not waiting for the national tide to turn; we are building our own local economic engine,” added Andrews. “Every supporter is a strategic investor, funding economic resilience and civic stability that translates into direct job creation and stronger neighborhood anchors.”

About: the African American Small Business Foundation, Inc. – The African American Small Business Foundation, Inc. is a 501(c)(3) nonprofit organization dedicated to empowering African American entrepreneurs through grants, education, advocacy, and access to essential business resources. Its programs strengthen local economies, create jobs, and build sustainable pathways of economic empowerment.

Media Contact: African American Small Business Foundation, Inc. Email: AfricanAmericanSmallBizFoundation@gmail.com Website: https://share.google/469IsunHc…