KKR Supports 87 Small Businesses and Nonprofits
Ankur Saini | February 02, 2021
KKR today announced the beneficiaries of the second round of KKR Relief Effort grants granted through the KKR Small Business Builders (SBB) and KKR Grants programs. The $50 million KKR Relief Effort was made by KKR and its representatives a year ago to help those affected by the COVID-19 pandemic and its subsequent financial disengagement. In the most recent round of grants, 52 small businesses and 35 nonprofits were chosen to get monetary help and involved help from KKR, the association's representatives, and its accomplice associations.
“We created the KKR Relief Effort to help the people and businesses that make up our communities and are faced with significant challenges as a result of the pandemic. Nearly a year later, the need for this support is at an all-time high and we continue to stay focused on caring for small businesses and working with nonprofits that are having an outsized impact,” said Joe Bae and Scott Nuttall, Co-Presidents and Co-Chief Operating Officers of KKR.
In the second round of the SBB program, KKR granted $10,000 each to 52 small entrepreneurs across the U.S., Europe, and Asia Pacific, with 25 states across the U.S. addressed. 85% of these businesses are possessed by ladies, 60% are claimed by Black, Latinx, Asian, or Multiracial people, and 31% are possessed by veterans or military mates. The top ventures upheld in the most recent round are Health and Wellness, Social Enterprise/Education, Food and Beverage Services, and Consumer Goods/Retail. The grants will uphold these small businesses to assist them with keeping up everyday tasks and occupations, while likewise supporting their future development. Until this point, the SBB program has granted grants to 107 small businesses around the globe.
Through the KKR Grants activity, which is centered around distinguishing and supporting nonprofits whose work underpins needs identified with Opportunities, Communities, and Heroes, KKR granted more than $7.5 million to 35 philanthropic associations that are assuming basic parts in tending to the difficulties coming about because of the COVID-19 pandemic. Award beneficiaries remembered both global nonprofits and privately engaged associations for the U.S., U.K., France, and Germany. Until this point, the KKR Relief Effort has apportioned around $10 million to 60 nonprofits through the KKR Grants program.
“Our grant programs are identifying immensely talented leaders, diverse entrepreneurs, and compelling nonprofits – many of whom have been traditionally underfunded or underrepresented,” said Ali Hartman, KKR’s Head of Global Citizenship. “Together, with their knowledge and our investment, we hope to provide innovative, impactful solutions to the shared challenges our communities are facing in these unprecedented times.”
KKR's Relief Effort is helping address difficulties confronting our shared networks through four key columns: supporting portfolio organization workers; connecting with our representatives as pioneers and change-producers; helping small businesses; and giving key grants and associations.
About KKR Grants
KKR Grants is a global effort focused on identifying and supporting the most innovative and effective nonprofits whose missions are aligned with priority areas, including delivering immediate aid to vulnerable populations impacted by the pandemic, providing innovative pathways of workforce recovery and development, and supporting our heroes including teachers, first responders, essential workers and front-line medical professionals. KKR is supporting these organizations with financial grants and strategic support.