12pm - 3pm
Crozier Middle School
120 West Regent Street
Inglewood, CA 90301
Join Janelle Monáe, Jidenna, Angela Rye, Wondaland,
Congresswoman Maxine Waters and
Inglewood Unified School District for:
through and enjoy contact-free prepackaged lunches + more for you and your family on us! This is a drive through and walk up food relief effort for the city of Los Angeles, CA and surrounding areas in response to covid-19.
UPDATED, MAY 21, 2020
- The Sacramento Region Community Foundation activated their Sacramento Region Disaster
- The Silicon Valley Community Foundation has launched its Coronavirus Regional Response Fund.
- The San Diego Foundation created the San Diego COVID-19 Community Response Fund with $1.3 million to rapidly deploy flexible resources to community-based organizations at the frontlines of the coronavirus outbreak in San Diego
- The Community Foundation for Monterey County has kicked off its COVID-19 Relief Fund.
- The California Community Foundation has created the COVID-19 LA Response Fund.
- Los Altos Community Foundation launched the 2020 Nonprofit Relief Fund.
- The Napa Valley Community Foundation has activated the Napa Valley Community Disaster Relief Fund.
- The Inland Empire Community Foundation launched its IE COVID-19 Resilience Fund.
- The Kern Community Foundation has established the Kern County COVID-19 Relief Fund.
- The Marin Community Foundation has created the COVID-19 Fund of MCF. So far they have supplied about $7 million in grants from their donor-advised funds, in addition to $2.25 million in grants and other
- The East Bay Community Foundation has established the Just East Bay Response Fund.
- The Central Valley Community Foundation launched an Emergency Response Fund.
- The Orange County Community Foundation has created the OC Community Resilience Fund.
- Community Foundation Santa Cruz County has created a COVID-19 Local Response Fund.
- The Stanislaus Community Foundation and United Way of Stanislaus County launched a COVID-19 Fund.
- The North Valley Community Foundation established the Coronavirus (COVID-19) Rapid Response Fund.
- The Horizons Foundation, the the world’s first LGBTQ community foundation, launched its LGBTQ COVID-19 Response Emergency Fund, which will award emergency grants to Bay Area LGBTQ nonprofits amid the COVID-19
- The Community Foundation San Luis Obispo County established a Disaster Support Fund.
- The Coastal Community Foundation, Leichtag Foundation and Rancho Santa Fe Foundation launched the North County COVID-19 Response Fund.
- The Community Foundation of Mendocino County established a COVID-19 Relief Fund.
- The Tahoe Truckee Community Foundation launched a COVID-19 Emergency Response Fund.
- The Santa Barbara Community Foundation established the Covid-19 Joint Response Fund.
- The San Francisco Community Foundation established the SFF COVID-19 Emergency Response Fund.
- The Humboldt Area Foundation and their affiliate Wild Rivers Community Foundation launched the COVID-19 Regional Response Fund.
- The Pasadena Community Foundation established the PCF COVID-19 Response Fund.
- The Placer Community Foundation launched a COVID-19 Response Fund.
- The Community Foundation for San Benito County activated a COVID-19 Relief Fund.
- The Shasta Regional Community Foundation established a COVID-19 Relief Fund.
- The Community Foundation Sonoma County is implementing its Sonoma County Resilience Fund for COVID-19
- The Ventura County Community Foundation launched the Ventura County Rapid Response Fund.
- The Community Foundation of the Verdugos launched the CFV COVID-19 Response Fund.
- The Community Foundation of San Joaquin established the San Joaquin Emergency Response Fund.
- The Fountain Valley Community Foundation has been calling local seniors through a call tree program to check on them and to pass on information about COVID-19 related services and The foundation is also seeking donations to support senior care packages in collaboration with both the city’s senior center and the Fountain Valley Fire Department’s PREP (Preparing, Responding, Educating, Preventing) program. They’re also accepting monetary gifts.
- The Solano Community Foundation launched the Solano Community Impact Fund.
- The Community Foundation of the Valleys has established a COVID-19 Response Fund.
- The Community Foundation of San Carlos established the San Carlos COVID-19 Response Fund.
- The Latino Community Foundation established the Love Not Fear Fund.
Small neighborhood businesses are the heart and soul of communities across the country. Many have existed for generations and have become a cornerstone of local residents’ daily lives. The novel coronavirus pandemic has caused a public health and economic crisis that threatens the future of local businesses across the country.
Congress passed the CARES Act to help stabilize the economy and preserve jobs by providing assistance to businesses. Unfortunately, the funding ran out before it reached those who needed it most. Small neighborhood businesses across the country were left to fend for themselves. From hair salons and barbershops to bodegas and food trucks, many small business owners are in dire need of immediate financial assistance. Providing federal emergency assistance to small businesses during the COVID-19 pandemic is more important than ever.
The Saving Our Street (SOS) Act introduced by Senator Kamala D. Harris (D-CA) and Congresswoman Ayanna Pressley (D-MA) will ensure vital support is provided directly to America’s small businesses. The SOS Act:
● Establishes a Microbusiness Assistance Fund of $124.5 billion to provide up to $250,000 directly to small “micro” businesses
- Targeted to “micro” businesses with fewer than 10 employees
- Businesses with at least half of their employees from the community and within a low-income community may have up to 20 employees
● Will help neighborhood businesses put people back to work
- Can be used for essentials like payroll, rent, utilities, insurance, and personal protective equipment (PPE)
- Employers must maintain prior levels of health benefits for employees
- Essential businesses may use funding to provide hazard pay for employees
● Reserved for those who truly need help
- Businesses earning more than $1 million in revenue are prohibited from receiving grants
- Nonprofits with less than $500,000 in gross receipts and fewer than 10 employees
- Excludes publicly traded and hedge fund-owned businesses
- Recipient businesses must provide financial statements to demonstrate true need
- Funds cannot be used to pay salaries over $100,000
● 75% of the funding goes to historically underrepresented businesses, including minority-owned businesses
- $300 million to nonprofit and community organizations assisting small business owners
- $50 million for minority business centers to provide technical assistance and online training
- $50 million for centers supporting small and women owned businesses
● Requires a report detailing the ethnicity, race, industry, geographical demographics, and sex of applicants for grants
Former Los Angeles Lakers guard and team president Earvin “Magic” Johnson announced his life insurance company will provide $100 million for women- and minority-owned small businesses as part of the Paycheck Protection Program (PPP).
Johnson, the owner of EquiTrust, the nation’s largest minority-owned insurance company, will partner with MBE Capital Partners, a Latino-owned company, to provide supply chain finance solutions for Fortune 500 companies and their suppliers.
According to Forbes, Johnson was motivated after hearing reports of minority- and women-owned businesses being shut out of the PPP. At the same time, Johnson discovered the Lakers organization applied for and received $4.6 million from the program. The Lakers, worth an estimated $4.6 billion, returned the money after public pressure.
“We knew why the money was gone and couldn’t trickle down to small businesses, especially small minority businesses, because they didn’t have those great relationships with the banks,” Johnson told the Wall Street Journal. “So this was easy for us to understand.”
MBE’s Chief Executive, Rafael Martinez, said he received complaints from clients who couldn’t get loans from the PPP’s first round of funding. It was later reported that large banks prioritized existing relationships and large corporations before focusing on smaller and minority businesses.
According to the Center for Responsible Lending, up to 90% of businesses owned by people of color have been, or will likely be, shut out of the PPP program.
Martinez and Johnson also announced the partnership on MSNBC’s Politics Nation with Al Sharpton.
MBE Capital is designed to help small and diverse businesses take advantage of this latest round of PPP funding. The company can process up to 5,000 loans per day, utilizing end-to-end online technology to accept, underwrite, and transmit the applications to the SBA.
After feeling ignored in the first round of PPP loans, African American-owned banks and businesses have found ways to team up to make sure it doesn’t happen again.
Those interested in applying for the loans from EquiTrust and MBE Capital can apply at www.mbecp.com.