Empowered Women Empower Women
Since its inception, Spanx and The Spanx by Sara Blakely Foundation have been dedicated to elevating and supporting women through entrepreneurship. Knowing the ripple effect that empowering women can have to strengthen communities, the foundation donated $5 million to support female entrepreneurs in the wake of COVID-19 and teamed up with GlobalGiving to establish The Red Backpack Fund. GlobalGiving is making at least 1,000 grants of $5,000 each to female entrepreneurs in the U.S. to help alleviate the impact of the crisis.
How The Red Backpack Fund Works
- Majority-women owned and led businesses and nonprofits in the U.S. are eligible to apply.
- Applications will be accepted during pre-set periods from April through August 2020.
- Every month, GlobalGiving will vet applications + select 200 new Red Backpack Fund grantees until funds run out.
- All grantees will receive $5,000, a “lucky” red backpack and a free all-access pass to 80+ MasterClass, which includes Sara Blakely’s class on entrepreneurship.