Portnoy’s Barstool Fund Raising Millions for Small Businesses During Pandemic
Barstool Sports founder Dave Portnoy is going above and beyond to assist small business owners struggling financially to stay open due to the coronavirus pandemic.
The Barstool Fund was launched in December with Portnoy donating $500,000 of his own money and since then the effort has gone viral.
Portnoy launched The Barstool Fund following a dare for him to do something to make a difference instead of complaining about the local government’s response and about the lockdowns.
Funds raised via The Barstool Fund are updated every five minutes on the website and at the time of this post, more than $27,730,000 was donated.
Businesses are expected to receive monthly assistance until the coronavirus pandemic is over.
The New York Post reports:
Portnoy wouldn’t disclose how much he’s pledged to beneficiaries of his charitable program, but said business owners typically ask for between $3,000 and $50,000. And unlike the federal government’s coronavirus aid program, which provides a one-time loan, Portnoy has vowed to provide his beneficiaries with funding every month until the pandemic ends.
Small business owners can submit an application to apply for assistance and those chosen to receive funding are notified via a video call.
Barstool Fund Recap 1/17/21
Every dollar, every donation counts. Please continue to donate and share the love. https://t.co/yX2RzI7XGA #barstoolfund pic.twitter.com/TA69Nj1S7e
— Dave Portnoy (@stoolpresidente) January 18, 2021
Athens Pizza and Pasta from Wash state gets the call. #barstoolfund pic.twitter.com/YA9FzzdDGJ
— Dave Portnoy (@stoolpresidente) January 20, 2021
Little Louie’s in Chicago gets the call. We started the fund to helps guys like this. #BarstoolFund pic.twitter.com/rj19LDLB4n
— Dave Portnoy (@stoolpresidente) January 19, 2021
NFL quarterback Aaron Rogers, along with Portnoy, notified owners of his favorite burger joint in his California hometown they will be receiving assistance.
Rogers also donated $500,000 to the fund.
The next business we are helping is Burger Hut Burgers in Chico, California.
Here is the call with @AaronRodgers12
Click To Donate – https://t.co/UhJEw0e2QT @BarstoolFund pic.twitter.com/GISGl90DHF
— Barstool Sports (@barstoolsports) January 16, 2021
Supporters commented on social media.
With all the bs on social media this is the kind of story we need more of.
— Unacceptable Jason (@newfiebullet001) January 18, 2021
The Barstool Fund is saving small businesses around the country and Portnoy deserves to be recognized and congratulated for his efforts.
This example shows it’s individuals like Portnoy, not the government, are the answer to our challenges.