Penny Foundation

Connecting People to Invest in the African-American Community 

The Penny Foundation is a Birmingham, Alabama-based, 501(c)(3) community chest working to eliminate economic inequality in the Black community. The Foundation connects people, organizations and resources - through technology and innovation - in the areas of education, economic development and community development.

Creating Avenues for Ownership

The Foundation’s mission is to establish a chain of community-owned grocery stores (COGS) that provide a wide range of goods and products from top brands, at affordable prices. Each location will redirect dollars spent outside of blighted communities each year by establishing one of the most essential parts to any community, a grocery store. Right now, the Penny Foundation seeks to raise $50,000 for COGS. Funds will go towards startup capital to solidify the initial location, open the store and complete renovations. 

Individuals can support the stores’ development now by clicking the DONATE button or texting the word OWNERSHIP to 44-321. To learn more about how to get involved visit pennyfoundation.org/cogs or send a direct email to invest@pennyfoundation.org.