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Beyoncé attends a press event for The Lion King dressed in a jewelled jacket.

Beyoncé Pledges $2M to Support Students & Small Businesses

Beyoncé is not only going on tour – she’s also going on a kindness spree supporting students and small businesses!

The superstar, whose highly anticipated Renaissance World Tour kicks off in May, is well-known for generously supporting local communities during her stops and this time is no exception. She’s made a $2 million pledge through her BeyGOOD foundation, to support hundreds of people:

“I am hugely proud of the work we have done for over a decade at BeyGOOD, here in the U.S. and around the world,” Beyoncé shares in a statement.

Photo courtesy of Parkwood Entertainment/BeyGOOD Foundation.

“From scholarships to the water crisis in Burundi, to helping families during Hurricane Harvey in my hometown, Houston, it has been fulfilling to be of service. Now as a foundation, we will continue the work of engaging partners through innovative programs to impact even more people.”

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The $2 million pledge will be split equally. $1 million will support BeyGOOD’s Black Parade Route Small Business Initiative, a program started during the pandemic to support Black and minority-owned small business. The Foundation will host luncheons the day before Bey’s Renaissance World Tour stops in London, Chicago, New York, Houston and more to provide entrepreneurs with an inspirational afternoon, networking opportunities and grants, with one thousand small businesses to be supported financially. (You can apply HERE!)

The other $1 million will go towards the Renaissance Scholarship Fund with donations given to colleges and universities in ten different cities along the tour. Each school will be given $100,000 and will select the student recipients.

 

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“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.”

BeyGOOD is celebrating 10 years of philanthropy this year and recently became a 501(c)(3) public charity – which means even more good is on the way!

(Feature Image Credit: Tinseltown/Shutterstock.com)

Nehal is an award-winning news presenter, author of "A Kids Book About Kindness Online" and founder of CelebrityKind. She has dedicated her career to creating connected and healthy spaces in the media. When she's not writing, you'll find Nehal hanging with family, dancing to Beyoncé, interpreting Taylor Swift lyrics or watching old eps of Oprah.