Beyoncé Donates Additional $1M To Impact Fund For Small Black Businesses

LONDON, ENGLAND - JULY 14:  Beyonce Knowles-Carter attends the European Premiere of Disney's "The Lion King" at Odeon Luxe Leicester Square on July 14, 2019 in London, England. (Photo by Gareth Cattermole/Getty Images for Disney)

Beyoncé Donates Additional $1M To Impact Fund For Small Black Businesses

In July, she partnered with the NAACP to grant small business up to $10,000.

Published September 4th

Written by BET Staff

Beyoncé remains committed to using her platform to help those in need amid the coronavirus pandemic. Earlier this week, the globally renowned artist, actress and philanthropist announced that she will be donating an additional $1 million to the grant established through a partnership between her foundation, BEYGOOD and the NAACP.

The announcement was posted to her official website on Wednesday (September 2). Round two of funding opens this month. 

RELATED: Beyoncé Talks Respect, Failure And America's 'Racial Pandemic' In Stirring Commencement Speech

The foundation and civil rights organization partnered in July to create the Black Owned Small Business Impact Fund awarding grants of up to $10,000 to help African-American entrepreneurs that suffered damages or lost property amid the wave of unrest that swept the nation in response to the police killing of George Floyd. 

The first round of submissions closed on July 18th. Nearly a month later, on August 17th, the 20 businesses chosen to receive were financial aid unveiled via 

This comes as Beyoncé was named on Fortune’s “40 under 40” 2020 class. 

RELATED: Beyoncé Urges People To ‘Remain’ Focused On Justice For George Floyd

For more information about the Black Owned Small Business Impact Fund, visit the NAACP’s official website.


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