Jrue and Lauren Holiday have announced the third round of funding for Black-owned businesses that totals $1 million in a press release. It is a continuation of NBA Champion Jrue Holiday’s pledge during the 2019-2020 season to donate a portion of his salary to the JLH Social Impact Fund.
As previously reported by AfroTech, the JLH Social Impact Fund was created by the couple to serve as support for underrepresented communities not only through monetary resources but mentorship and other services that are needed to scale a business.
“We are so excited to announce our third round of grant funding to these very deserving Black-owned businesses and nonprofits, who are helping their communities thrive,” said Jrue and Lauren Holiday in a statement. “Every year we grow our extended JLH family with the hope of shining a light on the need, but also to be an example of how real change occurs when you invest directly in the communities and the people who are underserved.”
FundBlackFounders will provide coaching and training to all recipients of the latest round of funding. Other companies that have been tapped to partner with the JLH Fund include Homebase, Baker Tilly, and CommunityX.
“We are focused on finding the right people and partners to expand the menu of resources for Black-owned businesses and nonprofits because Jrue and Lauren want to build a community of support,” said Alexys Feaster, the person responsible for overseeing the JLH Social Impact Fund. “There are many other athletes and people of influence who want to give back and we’ve built a process that people can contribute to and the impact is immediate.”
What’s more, according to the press release, The Lenovo Foundation has also shown its support by donating $50,000 along with Motorola, who also made a donation in the form of 300 Moto G Stylus phones.