Ripple Funds $250K Grant Program for Veteran-Owned Businesses
In brief
- Ripple Effect program awards $10,000 grants to 25 veteran-owned businesses
- Recipients must be 51% owned by US military veterans or military spouses
- Grantees receive Certified Veteran Employer training and employer resources
- RLUSD stablecoin funded the $250,000 philanthropic initiative
Grant Recipients and Benefits
The program has awarded $10,000 grants to each of 25 businesses. Recipients will also receive Hire Heroes USA's Certified Veteran Employer training, access to employer resources, and assistance with expanding operations.
Ripple's Philanthropic Strategy
The initiative is intended to bolster veteran- and military spouse-owned businesses while creating new employment opportunities within the military community. The grants are part of Ripple's broader environmental, social, and governance (ESG) and philanthropic effort.
"Veteran and military spouse-owned businesses are a critical source of innovation, job creation, and economic opportunity" — Jonathan Perri, Ripple's Director of Social Impact
Ripple's RLUSD stablecoin helped fund the initiative to support US businesses owned by military veterans and their spouses. The company has committed significantly to philanthropic work. Ripple has donated more than $250 million globally, supporting universities, nonprofits, and social enterprises across more than 80 countries. Last year, it pledged $25 million (mostly in RLUSD) to DonorsChoose and Teach For America.
