GlobalGiving will be overseeing the fund, making at least 1,000 grants of $5,000 each to female entrepreneurs in the U.S. to help alleviate the immediate needs and support the long-term recovery of those impacted by this crisis. In addition to the financial gift, each woman will also receive a “lucky” red backpack.
Thanks to MasterClass’s generous donation, all 1,000 women will also receive a free annual All-Access Pass to all 80+ MasterClass instructors, including Sara Blakely’s class on entrepreneurship, to provide mentorship to recipients during this time.
Supporters of small businesses can tune into live performances twice a week and tweet/post to support small businesses.
Supporters can tune in via Verizon's Twitter, Yahoo or Twitch pages to view that night’s performance (use the hashtag #PayitForwardLIVE) - and for each mention, Verizon will donate additional money to LISC.org to support small businesses, up to $2.5 million.
Grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital.
The next round of grant applications opens mid-April.
List of resources that have been made available by advocacy groups, technology companies, and federal, state, and local government agencies to help businesses and their workers maintain their physical and economic health during the COVID-19 outbreak.