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Lenovo launches fund to further small business

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DURHAM, N.C. — A fund at the Triangle Community Foundation in Durham advised by Lenovo Group has awarded $55,000 to nonprofits working to develop small businesses and access to education and technology in distressed communities.

The Lenovo Hope Fund has completed its first grantmaking cycle, distributing $55,000 among North Carolina-based nonprofits.

Targeted organizations included nonprofits that promote small business development, access to education and the spread of technology in struggling communities worldwide.

Lenovo Group, a technology company, also sought to fund organizations at which its employees volunteered.

Of the original 60 applicants, seven received grants, including the Boys and Girls Club of Wake County; the Contemporary Science Center; Communities in Schools of Wake County; Good Work; Grape Arbor Development Corporation; Kramden Institute; and The Council for Entrepreneurial Development.

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