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

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.

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. …