KKR & Co. Inc.'s $50 million COVID-19 relief program has been busy, already in its third round of grants since the relief fund was launched in April 2020.
In the latest round, KKR's relief effort awarded $10,000 each to 52 small-business owners and roughly $3.5 million to 22 non-profit organizations.
Of the grant recipients, 52% are women-owned, 56% are minority-owned and 23% are owned by veterans or their immediate family members.
KKR's program "strives to meaningfully help those most impacted by the pandemic," said Ali Hartman, director, head of global citizenship, in a December blog post when the program made its first round of grants. The program aims to support KKR's portfolio company employees, inspire KKR employees to be changemakers, support small businesses worldwide and partner with non-profits, Ms. Hartman said.
Business owners awarded grants in the most recent round include Austin Blose, general manager of New Bethlehem, Pa.-based Zack's Farm to Table Restaurant; Bob Burke, owner of Pot au Feu Restaurant in Providence, R.I.; Gina Mariko Rosales, owner of event planning company Make it Mariko and Shana Murad, owner of convenience store D's Market in Scottsdale, Ariz.
Among the non-profits awarded grants this time around were Aide et Espoir aux Refugies — Help and Hope, Lauzerte, France and the North Texas Food Bank in Plano.