Fearless Fund, the Atlanta-based venture capital firm started by Black women to invest in women of color, has agreed to end a small business grant contest for Black women, putting an end to a yearlong racial discrimination lawsuit that has roiled the larger philanthropic world.

Fearless and the plaintiffs, the conservative nonprofit American Alliance for Equal Rights, filed a joint motion to dismiss the case with prejudice Wednesday morning, meaning the Alliance cannot sue over the specific grant contest again. READ MORE