MISSION

The mission of The Acevedo Foundation is to elevate, educate and empower the next generation of Latino leaders. To accomplish that, the foundation supports three pathways for Latino opportunity: closing the educational gap, creating equitable access to capital, and promoting economic mobility and inclusion.

 

BRIEF HISTORY

 

The vision of the Acevedo Foundation originated 30 years ago in Mexico with Conrado Acevedo Cardenas who founded the organization. The first in his family to go to college, Cardenas became an attorney, historian, social activist and later a philanthropist dedicated to helping struggling families in Baja California.

 

Building on the philanthropic legacy of her father, and inspired to empower Latinos communities in the US, Beatriz Acevedo launched US operations of the Acevedo Foundation in 2018, in Los Angeles, California. A cultural strategist, entrepreneur, and awarded media executive, Beatriz embodies the Acevedo family’s passion for creating access to opportunity for her community.

 

Today, the Acevedo Foundation’s mission is to elevate, educate and empower the next generation of Latino leaders. To accomplish that, the foundation supports three pathways: closing the educational gap, creating equitable access to capital, and promoting economic mobility and inclusion. The Foundation partners with influential non-profits, community partners and civic leaders to develop initiatives that have proven instrumental in advancing Latinos recognition.

 

Partnerships include PledgeLA- Fund for South LA Founders which offers non-dilutive capital and mentorship to startup founders. Pledge LA is committed to increasing access to jobs and capital for underrepresented communities. The Acevedo Foundation is a partner and fiscal sponsor for LTX which has become the largest digital marketplace of Latino talent in technology, media and advocacy.

 

In 2021, the Foundation launched SUMA Academy, the first platform to offer Latinos curated financial information and in-depth financial educational resources through content that is culturally relevant, easy-to-understand, and completely free. SUMA understands and engages directly with Latinos so that planning, organizing and investing for the future will become a foundational reality to their daily lives.

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Organizational Goals and Accomplishments

 

 

The Acevedo Foundation’s mission is to elevate, educate and empower the next generation of Latino leaders. To accomplish that, the foundation supports three pathways: closing the educational gap, creating equitable access to capital, and promoting economic mobility and inclusion.

 

The Acevedo Foundation’s commitment to closing the educational gap is rooted in the belief that when a community is equipped with the right knowledge and technical abilities, their opportunities are endless. Recognizing that financial literacy is critical to creating generational success for Latinos, the foundation launched SUMA Academy, the first platform to offer Latinos curated financial information and in-depth financial educational resources through content that is culturally relevant, easy-to-understand, and completely free. In 2021, we hope to partner with Wells Fargo to launch the SUMA Dinero Bootcamp that will impact the financial wellbeing of 1000 Latinos in Los Angeles.

 

Creating equitable access to capital and mentorship for Latino entrepreneurs is critical to elevating the community’s needs, ideas and contributions to mainstream capital conversations.  Our partnerships include PledgeLA- Fund for South LA Founders which offers non-dilutive capital and mentorship to startup founders. In its first year, the Acevedo Foundation, in partnership with the Annenberg Foundation, provided 20 Latino and Black founders from South LA a total of $500,000 in non-dilutive equity, and 3 months of mentorship.

Promoting economic mobility and inclusion means creating the programs and platforms for the Latino community to congregate, be seen, and prosper.  To accomplish this, the Foundation partnered with LTX Connect which has become the largest digital marketplace of Latino talent in technology, media and advocacy. In 2020 over 10,000 Latino professionals joined this community and opportunity hub enabled with AI matchmaking technology, helping them find jobs, community, mentorship, access to capital, and more.

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Go to  acevedo.foundation to learn more.