Here Are Legitimate Fundraisers Helping Damaged and Destroyed Small Businesses

Three ways to help entrepreneurs and small business owners.

learn more about Kenny Herzog

By Kenny Herzog Originally published

erhui1979 | Getty Images

Small businesses across the country were already teetering due to COVID-19-related closures of non-essential businesses. And then, on May 25, a Minneapolis police officer was caught on tape crushing 46-year-old George Floyd's neck while he pleaded, "I can't breathe," shortly before being pronounced dead in a crime that has since been deemed a homicide by the county medical examiner. More than a week of protests in dozens of cities have subsequently convulsed the nation, causing collateral damage to many small businesses who were already struggling to find a way forward as quarantine restrictions eased.

For anyone looking to assist those businesses to get back on their feet, whether through rebuilding or replenishing of inventory, there are numerous, legitimate fundraisers that have launched within some of those communities. The below is just a small sampling of how to contribute to the restoration of fellow entrepreneurs' storefronts and livelihoods in hard-hit regions over the coming days and weeks. Each initiative is overseen by a recognized nonprofit or community leaders and/or is verified as a credible GoFundMe user, and contributes proceeds to a multitude of businesses. If you want to direct us to similar wide-reaching efforts in your area, tweet us @entrepreneur.

Related: Black-Owned Restaurants and Businesses You Can Support Right Now


We Love Lake Street was started by the hyper-local nonprofit Lake Street Council, and as of this writing has raised more than $3 million to help revitalize the heavily impacted Lake Street business district. One hundred percent of proceeds go to getting affected small businesses back on their feet.


City activist Ja'Mal D Green, who founded the criminal justice-reform nonprofit Majostee All-Stars, has been answering the call for businesses damaged or destroyed on the south and west sides of Chicago in particular. As of this writing, they are still climbing toward their $30,000 goal.


Organizers from the Dane County Boys & Girls club note in their appeal to raise money for downtown Madison that half its businesses are minority-owned and 70 percent are owned by local entrepreneurs. As of this writing, they are more than halfway to their $200,000 goal.

Related: Here's How Business Leaders Are Responding to the George Floyd Protests

Kenny Herzog

Entrepreneur Staff

Digital Content Director

Kenny Herzog is currently Digital Content Director at Entrepreneur Media. Previously, he has served as Editor in Chief or Managing Editor for several online and print publications, and contributed his byline to outlets including Rolling Stone, New York Magazine/Vulture, Esquire, The Ringer, Men's Health, TimeOut New York, A.V. Club, Men's Journal, Mic, Mel, Nylon and many more.

Related Topics

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.
The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy
After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.
Having Trouble Speaking Up in Meetings? Try This Strategy.
He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game
Business News

American Airlines Sued After Teen Dies of Heart Attack Onboard Flight to Miami

Kevin Greenridge was traveling from Honduras to Miami on June 4, 2022, on AA Flight 614 when he went into cardiac arrest and became unconscious mid-flight.


How to Detect a Liar in Seconds Using Nonverbal Communication

There are many ways to understand if someone is not honest with you. The following signs do not even require words and are all nonverbal queues.

Business News

Mark Zuckerberg Has Promised More Transparency Amid Meta Layoffs — 5 Reasons That's a Smart Strategy

For decades, transparency hasn't been particularly popular among business leaders who manage teams. The times are changing though, and transparency is now gaining traction.

Business News

Would You Buy Maggie Murdaugh's Monogrammed Snake Print Pillows? Items From the Murdaugh Family Home Are Going Up for Auction

The sale comes just weeks after Alex Murdaugh was sentenced to two consecutive life terms for the June 2021 murders of his wife, Maggie Murdaugh, and son Paul Murdaugh.


The Dark Side of Pay Transparency — And What to Do If You Find Out You're Being Underpaid

There are many reasons employers and workers advocate for pay transparency — it can build trust, lead to fair compensation for historically underpaid individuals and eliminate the stigma surrounding money talk. But as the practice becomes normalized, honesty can backfire.