The William Adams Entrepreneurial Institute (WAEI) is an urban educational center that is being established to render business education and create economic development through entrepreneurship to youth and young adults ages 15-25. Our goal is to help young people develop their entrepreneurial concepts that produce sustainable income. This community-based entrepreneurial institute offers young people a training platform to discover, learn, and explore knowledge essential to their development and forward
We are promoting and teaching economic development within urban communities. The philosophical concept of the WAEI is to inspire young people to use their aptitude and creativity to improve the realities of their circumstances. We are making breakthroughs by creating opportunities through economic development that may not be afforded otherwise, while creating jobs in the community. This work is important to the overall health of our city and we need your help.
Our mission is the transformation of vacant properties into community institutions that teach young people how to build up their character
and their neighborhoods.
We are currently seeking donations to support the development of the WAEI. We started investing into this project in 2018. Our total project budget is estimated at $350,000 which includes $300,00 for the construction process, $30,000 for furniture, equipment, and supplies and $20,000 for operational support after we open.
Our crowdsourcing strategy consists of targeting individuals able to contribute a $300 donation. Our methodology behind the $300 mark is based on the mathematical formula that 1000 - $300 donations equals our total fundraising goal.
We aim to include as many contributors as possible to demonstrate a collective financial accomplishment.
We are also pursuing contributions from the philanthropic community to move us closer to completing our goals on time. Larger contributions enable us to meet financial goals quicker in addition to the crowdsourcing support. We are seeking support from corporate donors, foundations, and individuals.
Our goal is to successfully raise at least 80% of the budget by October 31st.
Our projected completion date of the construction is January 2021.
Our projected opening date will coincide with Black History month in February 2021.
Pre-Construction of the lots began in June 2018.
In FY 2018/2019 we spent $50,000
Total Fundraising goal for FY 2020 = $300,000
As of September 16th, 2020
Total amount raised of the capital campaign $ 36,000
Amount left to raise $264,000
Completion of the demolition and structural framing of the 1115 building. Also foundation constructed for the 1117 building.
As of September 15th 2020
We have completed the structural and interior framing phase of the construction process.