MAC FOUNDATION INC

Programs

1. The gratitude gala is our annual fundraising event that supports our programs. Every sponsorship, donation, auction contribution, and ticket purchased helps the mac foundation continue creating access, opportunity, and support for underrepresented entrepreneurs, students, and emerging leaders. The contributions received help fund transformative programs such as suit up, rising ceos, mac scholarships, mac xcelerator, umoja forum, and other essential mac foundation initiatives that provide mentorship, education, access to resources, and opportunities for growth. Together, we celebrate excellence, honor leadership, and open doors for the next generation of changemakers

   $52,315 spent$118,799 earned by the program
   56% of program spending

2. The rising ceos program cultivates the next generation of business leaders through a ten-week entrepreneurial development experience for high school and college students. Participants engage in workshops on financial literacy, leadership, innovation, and business planning, culminating in a pitch competition where they present their ventures to a panel of local executives and educators. Supported by partners such as google, bank of america, john a. And dianne m. Scott foundation, metropolitan community college, and lozier, the program aims to build confidence, critical thinking, and collaboration among young leaders. Through mentorship and experiential learning, rising ceos empowers students to transform ideas into action and careers into legacies.

   $21,826 spentof which $500 as grants$12,000 earned by the program
   23% of program spending

3. The suit up program empowers underserved youth and young adults by providing professional attire, mentorship, and workforce readiness training. Through quarterly sessions, participants receive not only suits and business clothing but also career coaching, mock interviews, and access to employment opportunities. Mac partners with both nonprofit organizations and corporate sponsors to deliver this program, ensuring that each participant leaves with the confidence and tools needed to enter the workforce or pursue higher education. The initiative reinforces the chambers belief that economic empowerment begins with dignity, opportunity, and preparation.

   $13,497 spent
   14% of program spending

4. The mac scholarship program invests in the educational success of future leaders by awarding twenty $1,000 scholarships each year to college and university students pursuing degrees in fields such as business, accounting, law, and stem. The scholarships are awarded to students who demonstrate academic excellence, leadership, and a commitment to community service. This program reflects macs commitment to building an equitable pipeline of talented professionals ready to contribute to the regions economic and civic development.

   $6,600 spentof which $20,000 as grants$21,615 earned by the program
   7% of program spending

5. The umoja forum fosters unity and collaboration between african immigrants and african americans through dialogue, storytelling, and joint initiatives. Derived from the swahili word for unity, umoja provides a space for honest conversation and shared learning that bridges cultural divides and strengthens collective influence. The program features both virtual and in-person events that explore issues such as racial equity, cultural identity, and economic mobility. Through these forums, mac helps build stronger alliances within the black diaspora community to promote mutual growth and empowerment.

The 5 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $94,238.