Beyoncé Knowles Carter is ending the year as she has been doing throughout—and that’s being charitable. The philanthropist entertainer and her BeyGOOD foundation have announced that they will be providing financial assistance to families who are facing either evictions or foreclosures.
“When we were faced with the pandemic caused by COVID-19, BeyGOOD created a plan to make a difference. We assisted organizations across the country that were providing people with basic needs like food, water, household supplies, and COVID testing. We also provided mental health support,” according to a statement on Beyoncé’s website.
BeyGood has been helping struggling businesses when the organization launched the BeyGOOD Small Business Impact Fund, and it has given more than 250 small businesses $10,000 grants.
Beyoncé is not stopping there as she has started Phase Two of the BeyGOOD Impact Fund. This fund is slated to now help those families impacted by the housing crisis caused by the coronavirus pandemic. With the housing moratorium coming to a conclusion on December 26, this may result in families having mortgage foreclosures and some families facing the possibility of evictions in rental units. “Many families are impacted, due to the pandemic that resulted in job loss, sickness, and overall economy downturn,” her website states.
With the holiday season already here, there will be many who are stressed out about what they will do next when it comes to being able to afford the cost of housing. The BeyGOOD Impact Fund will take care of the financial strains placed on these families as Beyoncé is giving $5,000 grants to individuals and families facing foreclosures or evictions.
All necessary documents must be provided to the NAACP as the online application process will begin on January 7, 2021. A total of 100 recipients will be selected and grants will disbursed in late January. Round two will open in February.