Beyoncé Donates Additional $1 Million To Help Black-Owned Small Businesses

Beyoncé announced that she is donating via her BeyGOOD foundation $1 million in additional funds to help Black-owned small businesses.

The multiple Grammy award winner is disbursing the amount from the Black-Owned Small Business Impact Fund she launched in July as a partnership between her BeyGOOD foundation and the NAACP Empowerment Programs.

The grants worth $10,000 are offered to Black-owned small business communities that have been directly impacted by recent events across the United States.

The first tranche of grants were offered to 20 selected businesses on August 18. The second round of applications will be accepted later this month.

Beyoncé is a strong advocate of Black Lives Matter movement.