According to a statement from Odaily Inc., Circle has announced the establishment of the Circle Foundation, a new philanthropic initiative dedicated to advancing financial resilience and inclusion in the United States and globally. The Circle Foundation is seed-funded by a 1% equity commitment from Circle Inc. and aims to support organizations that can strengthen the financial system, including institutions that partner with small businesses in U.S. communities and international organizations that drive the modernization of humanitarian aid infrastructure.
The foundation will initially focus on strengthening the financial resilience of small businesses across the United States by providing grants to Community Development Financial Institutions (CDFIs). Globally, the Circle Foundation will partner with international organizations to modernize humanitarian financial infrastructure.
