According to a statement posted to the foundation’s website, the fund will be made up of $5,000 grants, which will be distributed to 100 recipients in late January. Online application for the grants will be available from January 7, 2021, with a second round of applications set to open in February.
The statement also details the housing crisis brought on by the pandemic. “The housing moratorium is set to end on December 26th, resulting in mortgage foreclosures and rental evictions,” it reads. “Many families are impacted, due to the pandemic that resulted in job loss, sickness and overall economy downturn.”
Earlier this year, Beyoncé’s BeyGOOD foundation also donated $1 million to Black-owned small businesses impacted by COVID-19 and subsequent lockdowns. That wasn’t the first time she reached out to those most in need in 2020, either: back in April, she partnered with Twitter’s Jack Dorsey to donate $6 milliontowards mental health and wellness services for essential workers.
“When we were faced with the pandemic caused by COVID-19, BeyGOOD created a plan to make a difference,” the foundation says. In the meantime, Beyoncé has premiered a whole new visual album, Black Is King, and campaigned to raise awareness of efforts to seek justice for George Floyd and Breonna Taylor.