Beyonce's Black-owned small business impact fund
(Photo: Mike Coppola)
"China: Through The Looking Glass" Costume Institute Benefit Gala - Alternative Views NEW YORK, NY - MAY 04: Beyonce attends the "China: Through The Looking Glass" Costume Institute Benefit Gala at the Metropolitan Museum of Art on May 4, 2015 in New York City.

Beyonce and her humanitarian foundation, BeyGOOD, have been doing their best to help the Black community as the effect of coronavirus spread in America. On Thursday, BeyGOOD official Instagram account announced that they partnered with NAACP in launching The Black-Owned Small Business Impact fund.

 According to Daily Mail, the fund will provide grants amounting to $10,000 and will be offered to small businesses owned by Black people in the selected cities who are affected by COVID-19. The fund aims to sustain businesses during these hard times, as per NAACP.

NAACP partnering with BeyGOOD Foundation

In its website's Impact Fund description, NAACP is delighted to partner with BeyGOOD to help small businesses and ensure economic empowerment. From months of being distressed due to pandemic and prevalent social injustice, the idea to build the Impact Fund started. The NAACP explained that the struggles of Black business owners navigated in the climate could not be expressed. The effects of the uprisings across the country caused their businesses to be in a terrible situation.

How to be a beneficiary of the Impact Fund?

To be eligible for the Impact Fund, you must be a Black person who owns a small business or provide property damage estimates. Grants are only applicable for businesses in Atlanta, Los Angeles, New York, Houston, or Minneapolis. The application for BeyGOOD Impact Fund opened on July 9 and will close on July 18. Applications will be in the review process from July 20 to July 29. The list of the selected applicants will be posted on July 30.

BeyGOOD Foundation

In 2013, Beyonce established the BeyGOOD Foundation to encourage the people to be kind-hearted, charitable, and to "BeyGOOD" to themselves, to others and the community. In May, Tina Knowles, Beyonce's mother, helped the singer and  her foundation to launch COVID-19 mobile testing relief in Houston after knowing that Black people there were badly affected by the virus. The BeyGOOD Instagram stated, "The campaign has been created to start a movement to encourage black communities to prioritize health in the wake of the coronavirus pandemic."

Read also: Beyonce accused of faking African American heritage by KW Miller

Beyonce's visual album on the Disney+ platform

Meanwhile, on July 31, Beyonce will add a new creative title collection, according to College Candy. The Grammy-award-winning artist shared through her Instagram that she will be releasing a visual album on Disney+.

Before her new visual album, Beyonce worked with Disney on the reboot of the movie "The Lion King" last year, where she reprised the role of Nala. Beyonce's new album was a passion project that she researched, filmed, and edited. Her latest visual album, "Black is King," was an original companion piece of "The Lion King: The Gift Soundtrack" and illustrates black ancestry.