‘A Common Thread’ Fund gifts +$2M in round two including $1M to Harlem’s Fashion Row’s ICON 360 fund
The CFDA/Vogue Fashion Fund has named the second round of recipients for their A Common Thread initiative. The initiative seeks to raise awareness and needed funds for those in the American fashion community impacted by the COVID-19 pandemic.
A total of $2,015,000 will be distributed in round two. $1,015,000 will be going to 36 companies, including 18 fashion/accessories brands, 13 retailers, three factories, and two organizations that respectively support environmentalism and inclusivity in fashion. A Common Thread is also making a $1 million contribution to ICON 360, a new non-profit launched by Harlem’s Fashion Row to provide forgivable relief to designers of color who are pivoting their businesses during the coronavirus pandemic and need funding to scale.
“We are so grateful for all of the generous donations that have allowed us to distribute a second round of grants to businesses in need,” said Anna Wintour, Editor-in-Chief of Vogue, U.S. Artistic Director and Global Content Advisor, Condé Nast. “It is more vital than ever that the American fashion community come together to support one another with meaningful actions, and we’re thrilled to be able to support ICON 360, which does tremendous work to benefit designers of color that are navigating business challenges due to COVID-19.”
The global pandemic continues to impact the entire fashion industry, which needs our support now more than ever,” said . This second round of funding allows us to help additional brands, retailers, and factories through the severe challenges of this time. We are also incredibly pleased to be able to provide funding to the new ICON 360 grant program from Harlem’s Fashion Row, which supports designers of color and reinforces CFDA’s important work to create systemic change within our industry.
– Tom Ford, Chairman of the CFDA
“I’m incredibly grateful for the generous donation from A Common Thread, the CFDA, and Vogue,” said Brandice Daniel, CEO and Founder of Harlem’s Fashion Row. “This donation will allow designers of color the relief to expand their vision for business during this critical time in fashion and history.”
“Over the past three months, garment manufacturers across the five boroughs have produced 3.7 million medical gowns for New York City healthcare workers,” said James Patchett, president and CEO of the New York City Economic Development Corporation. “Local manufacturers are stepping up for New York City in a big way and as the garment manufacturing industry continues to feel the impact of the pandemic, it is important they have access to resources. For years, we’ve been proud to support the Fashion Manufacturing Initiative, which has helped to preserve New York City’s iconic fashion industry. As we look towards the recovery that lies ahead, this work is more important than ever.”