With a donation of $100,000 to launch The MOGUL Initiative, Nathan G. Meaux is putting his money where his mouth is.
“Investing in Black businesses, minority-run businesses—it has always been a passion of mine,” says Meaux, who has dedicated the last six years to growing his Los Angeles-based marketing agency MeauxGul, LLC. “Now, with the MOGUL Initiative, the MOGUL Fund, and InvestBLACK, I can really help some of these ambitious, talented Black entrepreneurs make their visions come true. It’s inspiring to work with so many brilliant, deserving leaders.”
Meaux launched the The MOGUL Initiative in January 2021, in response to Four Core Systemic Issues he and his board identified as being particularly detrimental to the prosperity and self-determination of minority communities: 1) access to capital; 2) economic inequality; 3) racial inequality in education, and; 4) community safety. The InvestBLACK Funding Competition and the MOGUL Fund are both aimed at combating the access to capital barrier, while scholarships, educational seminars, and community drives are aimed at improving, if not resolving; inequalities in the other areas.
Though the $100,000 investment is a good start for the 501c3 non-profit organization, Meaux isn’t settling. He has already set the MOGUL Initiative’s annual fundraising goal at $250,000.
If you’d like to make a donation to the MOGUL Initiative, click here.