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Fearless Fund Agrees to Shut Down Contest Amidst Anti-DEI Suit [Video]

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Women in Business

The legal battle between Fearless Fund and a conservative anti-woke-anti-DEI-anti-everything-else group has come to a disappointing settlement. The Fearless Fund, an Atlanta-based grant firm catering to minority-owned businesses, came under fire last August by the American Alliance for Equal Rights.

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The nonprofit claimed the fund practiced racial discrimination in their Fearless Strivers Grant Contest. The contest, sponsored by JPMorgan Chase & Co. and Mastercard, allotted $20,000 in grant money exclusively to four Black women entrepreneurs who entered the bid, per The AP. Basically, Fearless Fund was accused of erring by disqualifying non-Black business folk.

Fearless Fund clapped back, claiming Alliance lacked grounds for a lawsuitbecause the terms of the contest were protected by the First Amendment and the organization could not show they suffered “irreparable harm” to justify injunctive relief. However, in a June decision, three judges in the 11th U.S. …

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