*Beyonce’s BeyGOOD Foundation announced that it will donate $2 million to Black small business owners and college students in cities along her upcoming Renaissance World Tour.
Founded in 2013 to support programs and underserved communities, the BeyGood Foundation has expanded 10 years later to provide assistance in education, disaster relief, food, water and housing scarcity, mental health, and career development in the United States, Africa, Europe, South America, and the Caribbean.
Beyoncé’s Black Parade Route, launched to support Black-owned small businesses in the US and abroad, has already provided more than 900 small businesses with grants and/or spotlights via her social media.
The Black Parade Route continues during the Renaissance World Tour with the foundation directing $1 million toward luncheons during stops in London, Chicago, New York, Charlotte, Atlanta, Los Angeles, Houston, and New Orleans.
The Foundation will host luncheons the day before the concert to give entrepreneurs a 5-star, inspirational afternoon, with networking opportunities and the potential to be a grant recipient from $100k funds allocated to each luncheon. One thousand small businesses will be supported financially by a commitment totaling the $1 million donation.
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The remaining $1 million will go toward the Renaissance Scholarship Fund, to be distributed to college and university students in ten cities along the tour, including Paris, Philadelphia, Detroit, and Washington, D.C. Each school will get $100,000 to award to their chosen recipients.
Additionally, BeyGOOD will continue its history of visiting local non-profit organizations by delivering surprises to chosen groups along the Renaissance World Tour, honoring their commitment of service to humanity. This begins in Stockholm, continues in Barcelona, Frankfurt, Warsaw, Toronto, Nashville, Minneapolis, St. Louis, Las Vegas, and Dallas. Local charities in every tour market will also be gifted with tickets to attend the show.
“We believe that everyone has the right to economic equity. And we are keenly aware of the barriers to access, opportunity, and resources that disproportionately impact BIPOC communities,” said Ivy McGregor, BeyGOOD Foundation’s Executive Director. “Our work is rooted in the belief that education, pathways for employment and support of entrepreneurship are vehicles that help drive sustainable outcomes. As we celebrate a decade of good, it continues to be my great honor to lead the philanthropic vision of Mrs. Carter and to be hands and feet of hope and help for those in need globally,”
The Renaissance tour will run from May through September 2023.
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