- Small businesses have been hit hard by the pandemic.
- As the coronavirus stimulus package remained in talks last year, Barstool Sports founder Dave Portnoy decided to take matters into his own hands.
- He launched The Barstool Fund, a project similar to GoFundMe, to receive funding applications from businesses and donations from people who want to contribute.
The pandemic has been tough on small businesses. The lockdowns and restrictions have made it difficult to receive customers while keeping the business afloat.
Last year, especially, with the coronavirus stimulus package talks stalled by disagreements between the two parties, relief is still out of sight for most struggling businesses.
That’s why the founder of Barstool Sports, Dave Portnoy, decided to help out. So he launched The Barstool Fund. The project receives funding applications from businesses and donations from people who want to contribute to the cause.
Since then, over $23 million has been raised by The Barstool Fund for financially struggling small businesses.
Portnoy explained that the fundraising project works somewhat similarly to GoFundMe, in which a business states how much they need and interested donors can see how much of their goal is still needed.
Donations from individuals and matching funds from partners directly go to the bars, breweries, restaurants, and other businesses.
Once the goal of a featured business is met, the site features the next business in need and their corresponding goal.
Every time a featured business meets its goal, Portnoy video calls the recipients to tell them the good news and shares their heartwarming reactions to social media platforms.
It truly warms the heart to see just how much the fund has impacted these business owners’ lives.
The most difficult year may have already passed, but the pandemic is still hitting hard and so many individuals and businesses are suffering because of it.
Thanks to The Barstool Fund, these beloved local institutions can stay afloat without having to anxiously wait for stimulus checks.
Source: Tank’s Good News