About African Diaspora Network
We convene Africans from the continent, descendants of Africa—including African Americans and Afro-Caribbeans—and allies to create an ecosystem that nurtures entrepreneurial spirit and mobilizes intellectual and financial resources for a prosperous future. Through strategic partnerships and innovative programs, we aim to serve as a catalyst for positive change and growth in Africa, its diaspora, and global communities.
Focus Areas
EntrepreneurshipEconomic developmentVenture/Investment facilitationSocial innovationDiaspora engagementCapacity building and trainingResearch & innovation (R&D)Women’s economic empowermentScience and health engagement
Who They Fund
unspecified — target population not providednot stated in summary
About African Diaspora Network
African Diaspora Network’s recent grantmaking is built around the ABLE 2024 Award, which repeatedly provided $10,000 grants to early-stage businesses and service providers across the United States. The pattern points to a practical support model: small, fixed awards rather than variable-sized grants, with recipients spanning education, technology, biosciences, consulting, and consumer goods. Among the listed grantees, Barter Black LLC in Upper Marlboro, Maryland, and Tribemeets Inc in Silver Spring, Maryland, show the network’s reach into the Mid-Atlantic, while several California recipients reflect activity close to the foundation’s headquarters. The organization’s public summary describes a convening role across Africans on the continent, descendants of Africa, African Americans, Afro-Caribbeans, and allies, with an emphasis on entrepreneurial spirit and the mobilization of intellectual and financial resources. Its program list reinforces that identity through entrepreneurship and social-innovation programming, including the African Diaspora Innovation Fund and the Accelerating Business Leadership and Entrepreneurship initiative. The overall picture is of a funder using modest grants and convening programs to support diaspora-connected enterprise and community impact.
What African Diaspora Network Funds
Entrepreneurship is central to African Diaspora Network’s funding model. The ABLE 2024 Award supported ventures such as El Jaii Educationl Consultant in Tampa, Florida, and Oga Street Tech LLC in Lafayette, Louisiana, pointing to interest in business formation and growth across different sectors. The organization also backs innovation through the African Diaspora Innovation Fund, a philanthropic fund with Myriad USA that provides catalytic capital to African and African-descendant social entrepreneurs, with grants of up to $25,000 for early-stage support. Diaspora engagement appears as a separate strand through the Grand Challenges: African Diaspora Engagement Accelerator, which is described as an initiative to accelerate diaspora-led projects and partnerships. Capacity building shows up in the Builders of Africa’s Future track, which guides diaspora members to start social enterprises.
How African Diaspora Network Gives
The recent grant list is unusually uniform: p25, median, and p75 are all $10,000. That indicates a fixed-award pattern rather than a wide range of grant sizes in the most recent cycle. The same award label, ABLE 2024 Award, appears across the listed grants, suggesting a program-based, time-limited funding structure. Several recipients are in California, including Morgan Hill, San Mateo, and Culver City, but the distribution also reaches Maryland, Florida, Louisiana, Pennsylvania, Delaware, Texas, Georgia, and Rhode Island. The foundation is not described as funding individuals, and no program-related investments are listed.
Financial Snapshot
Annual Giving
$150K
Total Assets
$1.4M
Total Revenue
$1.1M
Total Expenses
$1.3M
Typical Grant Size
Most grants fall between $10K and $10K, with a median of $10K.
25th Percentile
$10K
Median
$10K
75th Percentile
$10K
Geographic Reach
National9 states funded
About 27% of grants go to recipients in MD.
Funding intensity
LowHigh
Headquarters
Leadership
Almaz Negash
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