Foundation For The Carolinas inspires philanthropy and empowers individuals to create a better community.
Beyond Open Round 2 is part of a competitive grant program aimed at bolstering diverse-owned small businesses by allowing them to invest in capital assets such as equipment, technology, inventory, and real estate. A total of $15 million is available across three rounds, with $5 million allocated for each round. These grants, which do not need to be repaid, offer significant support for business growth and development. However, recipients are advised to consult with tax experts as the grants may be considered taxable events by the U.S. Internal Revenue Service.