The I-Cubed Foundation
The I-Cubed Foundation was created with the sole purpose of raising the capital used by I-Cubed and its cooperative partner business incubators in Michigan. The Capital raised will be held in trust in ten unique endowments which will assist in creating jobs from ten very different perspectives. The I-Cubed Foundation will utilize traditional methods of fund raising, including donations and special targeted events. It will also utilize the groundbreaking 60/40 Club Membership program and the 60/40 Sweep, a charitable sweepstakes with 50% of its proceeds funding the endowments.
Thank you to all of our supporters for making the 2011-2012 pilot program of the 6040 Sweep a great success and for helping lend clarity to the program itself. While we await our completed 501c3 status, we will be making changes to the 6040 Sweep format/participation capabilities and adding other fund raising programs which will be launched in 2013. Stay tuned!
The I-Cubed EndowmentsI-Cubed’s endowments were strategically designed to stimulate consumerism and job creation in the State of Michigan, specific to the needs of the state, by creating various forms of accessible capital. Additionally, the endowments were designed to make Michigan an attractive destination for business launch and relocation and for families of both private and public school students.
The Michigan Film Endowment
Capital to sustain, support and grow the Michigan film industry, its infrastructure and productions whether homegrown or imported. Funds will be available as collateral, subsidies, grants and equity or debt financing to attract a wide variety of motion picture productions and make Michigan the primary destination for independent filmmakers worldwide.
The Ambrose Endowment
Capital to fully subsidize Catholic School tuition (and eventually Private school tuition) and raise faculty and administration salaries to a comparable Public School level.
The Edge Fund
Capital to keep Michigan's Public schools, Colleges and Universities and their programs intact, competitive and fully funded.This endowment will support scholarship programs, youth athletic programs and offer grants to Municipalities for civic support and amenities.
The Walter Sullivan Endowment for the Arts
Used to support the arts in all of its forms, the Endowment will:
• Commission works of art, compositions, books, screenplays, etc.
• Create a forum and network for rising stars in the art world to build careers
• Create project financing in the form of either collateral or capital to launch arts-related projects
• Build art communities with artist studios
• Create a scholarship program and opportunities for continuing education
The Develop Michigan Endowment
Capital and collateral for development and building projects and homeowner renovation grants in amounts ranging from $500-$50,000 to reignite the flagging Michigan building industry.
The CTF Endowment
Provides collateral and capital for women entrepreneurs to launch and grow business and assists with career opportunities for stay-at-home and single mothers.
The Blue-Green Fund
Capital for the support of Michigan's environment through short and long project grants. This endowment will also offer capital for green technologies and create grant funding to replace the now defunct Brownfield and Historical credits.
The City Markets Fund
Capital for the creation of a non-profit, urban grocery store chain to improve the dietary conditions of Michigan's inner cities and design a platform where all profits are reinvested back into the market's respective communities in the form of job creation grants, scholarships and funding for urban entrepreneurs.
The Axis Endowment
Capital for the recruitment of 21 different market sectors of manufacturing and funding in a variety of forms for the launch of small business and entrepreneurs and their projects.
The Ripple Fund
Capital for the "greening", expansion and technology of Michigan's farms and livestock producers. This endowment will offer small business and scholarship funding for rural entrepreneurs and students.