Beyoncé Set To Give $2M To Small Businesses And Underserved Students

Beyoncé is looking to give back to those less fortunate.

According to reports, the Renaissance singer will be donating money in the form of grants and social currency to more than 900 small businesses through her foundation, BeyGOOD. This new initiative will kick off around the same time she is set to go on her world tour.

Queen Bey will also be accepting mentions from social media in order to select entrepreneurs and underserved students. In a press release, Beyoncé spoke about her new plan.

“I am hugely proud of the work we have done over a decade at BeyGOOD, here in the US and around the world.” It went on to say, “From scholarships to the water crisis in Burundi to helping families during Hurricane Harvey in my hometown, Houston, it has been beyond 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.”

The BeyGOOD Foundation was established in 2013, that is focused on boosting economic equity and education by providing funding and resources to organizations that serve marginalized and under-resourced communities.

The foundation’s executive director, Ivy McGregor, also spoke about Beyoncé’s decision to give back. “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.”

McGregor added, “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.”