Red Backpack Fund Grant
Spanx by Sara Blakely Foundation
Deadline: The deadline for this grant has passed
Grant amount: US $5,000
Fields of work: Disaster Relief / Humanitarian Aid
Applicant type: For-Profit Business, Nonprofit
Funding uses: General Operating Expense
Location of project: United States
Location of residency: United States
Age restriction: At least 18 years of age
Gender restriction: Female
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 neighborhoods, cities and countries, The Spanx by Sara Blakely 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 will be overseeing the fund, making 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. Sara started Spanx with her “lucky” red backpack from college. It was with her every step of the way. The lucky red backpack is a symbol of starting small while dreaming big. It’s become the official icon of The Spanx by Sara Blakely Foundation. It’s a wonderful reminder that everything you need to succeed is already on your back.
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.
How much funding is available?
Between May and September, GlobalGiving, via The Red Backpack Fund, will award at least 1,000 emergency assistance grants to majority women-owned businesses and nonprofits in the U.S. Each grant will be $5,000.
You can learn more about this opportunity by visiting the funder's website.
- Who is eligible to apply?
- Majority women-owned businesses and nonprofits with annual revenues less than $5M, at least one additional paid employee, and fewer than 50 individuals on staff.
- Businesses must be in good standing and incorporated as a legal entity, and be able to demonstrate that the Covid-19 pandemic is causing hardship.
- You must be 18 years or older to apply.
- Sole proprietors and/or businesses or nonprofits that exclusively employ contractors are not eligible to receive this grant.