Bullet points of Arian Simone reflects on Fearless Fund's legal settlement
- The Fearless Fund has agreed to shut down its grant program for Black women as part of a settlement with the American Alliance for Equal Rights.
- The program, called the Strivers Grant Contest, awarded $20,000 to Black women-owned businesses.
- The lawsuit claimed the program was discriminatory and in violation of the Civil Rights Act.
- The Fearless Fund remains fully operational and has no plans to take the case to the Supreme Court.
- The organization has accepted a new $200 million fund, which includes a loan program available to any business owner who meets certain criteria, regardless of race or gender.
cbsnews.com_5 / CBS News U.S. by Layer3.news
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