Seven Bar Foundation

The Seven Bar Foundation is a 501(c)(3) nonprofit organization based in the United States with the mission to empower women worldwide through microfinance initiatives. Founded in 2001, it utilizes cause marketing campaigns and the luxury lingerie industry to generate funds for microfinance institutions (MFIs) that support impoverished women in starting and expanding their businesses[1][2].

Mission and Model

The foundation focuses on creating a sustainable business model for social impact. By leveraging the power of the fashion industry, particularly through top couture lingerie events, the organization aims to generate consistent revenue. These funds are then allocated to carefully selected MFIs in beneficiary countries, providing microloans to female entrepreneurs and small business owners[2].

History

Seven Bar Foundation's roots stem from a third-generation family involved in various industries, including aviation and real estate. The foundation's activities began in eight states with a focus on community development projects[1]. Key events like Lingerie New York and Lingerie Miami have been pivotal in raising awareness and funds for microfinance. For instance, Lingerie New York, held in 2010, raised over $200,000, while Lingerie Miami in 2009 secured more than $180,000 to fund microloans for women[1].

Leadership

Key figures in the organization include Renata M. Black, who serves as President and Treasurer. Black has extensive experience working in multiple countries to combat poverty and support vulnerable populations[1][3]. Other notable members of the board have affiliations with prominent organizations such as Accion International, Neiman Marcus, and Net-A-Porter[4].

Financial Operations

Financial reports indicate that the foundation relies heavily on contributions to generate revenue, with significant portions allocated towards charitable disbursements. During different fiscal years, the total assets have varied, reflecting the organization's ability to manage resources effectively[3].

Logo and Symbolism

The Seven Bar Foundation's logo features pink bars, symbolizing a ladder or an exit strategy from poverty for women. This concept is inspired by the eighth step of Maimonides' Golden Ladder, emphasizing empowerment through teaching trades and supporting businesses[1].

[1] https://en.wikipedia.org/wiki/Seven_Bar_Foundation [2] https://www.idealist.org/en/nonprofit/3cf68871efea455f917399bcdb526fd4-seven-bar-foundation-new-york [3] https://projects.propublica.org/nonprofits/organizations/262895048 [4] https://www.guidestar.org/profile/20-8206781 [5] https://7barfoundation.org