The Gaingels Scholarship is designed to give $5,000 block grants to LGBT students on a need basis to attend the school of their choice.
This is the first year of the scholarship, intended as a pilot for 20 students. The scholarship program is also tied to an optional pilot internship involving opportunities for students at our Gaingels portfolio companies.
Next year, we intend to dramatically expand the scholarship and will include students sponsored by both our members and portfolio companies.
Background on Gaingels: Gaingels invests in high growth companies with LGBT senior leadership. Gaingels has invested just under $30M in 75 companies and has 350 members nationwide.
Contributions to the California Community Foundation represent irrevocable gifts subject to the legal and fiduciary control of the foundation’s board of directors. This charge will appear on your credit card statement as a payment to “Calif Comm Fdn – CCF”. In addition, California Community Foundation incurs a third-party administrative fee of 2.7 percent for credit card contributions. The foundation will charge the fee directly to the individual fund.