Greater Nevada Credit Union proudly supports the Audacity Institute, a Reno-based organization that focuses on giving access to capital to underserved business owners.
Audacity Institute Partnership
Impacting Nevada’s Small Businesses
The Audacity Fund Reno is a field of interest fund at the Community Foundation of Northern Nevada, a tax-exempt 501(c)(3) non-profit organization. The Fund uses donor dollars to invest in local main street and tech companies that are owned by underserved business owners. The Fund intentionally does not define underserved entrepreneurs, but examples may include women-owned, minority-owned, LGBT+-owned, veteran-owned, limited English proficiency-owned, and rural-owned businesses.
The Audacity Institute provides group education and individual mentoring to the cohort of companies selected for funding. As an evergreen fund, any returns received by the Fund are used to fund more local businesses.
GNCU donated $25,000 to the Audacity Institute in 2022 to enhance the organization’s outreach to rural and underserved businesses typically overlooked by traditional funding sources. In total, 20 businesses received direct funding and mentoring to help them start or rebound after the pandemic.