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.

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.

Supporters commented on social media.

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.