FAMU Invests in Fearless Fund

The FAMU Foundation has an investment value of $142 million and an endowment value of $106 million. “This marks an historic moment in the history of the FAMU Foundation,” says executive director Shawnta Friday-Stroud, Ph.D. “We are charged with investing in and for the future of our great institution. We expect this investment to pay dividends for generations to come.”

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“This investment from Florida A&M University is an exciting addition to our fund and furthers our mission to bridge the gap in VC funding for female founders of color,” said Arian Simone, General Partner and Co-Founder of Fearless Fund. “As an alumnus of Florida A&M University, having them invest in what we are building with Fearless Fund means all the more to me.” We definitely need the support of the corporations to bridge this gap because the 0.0006%, it’s going to take billions of dollars in order to even out the whole equity playing field. So we need as many corporations, as many venture capital funds, as many people who are in this space that are looking to invest in minority equity in order to help move the needle on thi

Economic Impact Payments being sent by prepaid debit cards, arrive in a plain envelope

IR-2020-105, May 27, 2020

WASHINGTON – As Economic Impact Payments continue to be successfully delivered, the Internal Revenue Service today reminds taxpayers that some payments are being sent by prepaid debit card. The debit cards arrive in a plain envelope from “Money Network Cardholder Services.”

Nearly 4 million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. The determination of which taxpayers received a debit card was made by the Bureau of the Fiscal Service, a part of the Treasury Department that works with the IRS to handle distribution of the payments.

Those who receive their Economic Impact Payment by prepaid debit card can do the following without any fees.

• Make purchases online and at any retail location where Visa is accepted
• Get cash from in-network ATMs
• Transfer funds to their personal bank account
• Check their card balance online, by mobile app or by phone

This free, prepaid card also provides consumer protections available to traditional bank account owners, including protection against fraud, loss and other errors.

Frequently asked questions continually updated on IRS.gov

The IRS has two sets of frequently asked questions to help Americans get answers about their Economic Impact Payments, including those arriving on prepaid debit card. These FAQs include answers to eligibility and other many common questions, including help to use two Economic Impact Payment tools.

Get My Payment, an IRS online tool, shows the projected date when a direct deposit has been scheduled or date when the payment will be mailed by check or prepaid debit card. The Non-Filers Enter Payment Info Here tool helps taxpayers successfully submit basic information to receive Economic Impact Payments quickly.

The IRS regularly updates the Economic Impact Payment and the Get My Payment frequently asked questions pages on IRS.gov as more information becomes available. Taxpayers should check the FAQs often for the latest additions.

Watch out for scams related to Economic Impact Payments

The IRS urges taxpayers to be on the lookout for scams related to the Economic Impact Payments. To use the new app or get information, taxpayers should visit IRS.gov. People should watch out for scams using email, phone calls or texts related to the payments. Be careful and cautious: The IRS will not send unsolicited electronic communications asking people to open attachments, visit a website or share personal or financial information. Remember, go directly and solely to IRS.gov for official information.

Quick links to the Frequently Asked Questions on IRS.gov:

• Economic Impact Payments: www.irs.gov/eipfaq
• Get My Payment tool: www.irs.gov/getmypaymentfaq
• Please go to EIPcard.com for more information about prepaid debit cards.

Thank you Go Global Business School

I’ve been working with the Go Global Business School to educate the participants on funding and other things. It’s been an amazing spring!. They have several businesses that are blooming in the midst of this global pandemic and they continue to reach out. If you are interested in growing your business in India and Asia, this is a great start.

Thank you Dr. Azzeza Julaludeen for your vision and Thank you Ayyappa Dass Kunnath for your leadership.

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