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# Spanx Founder Sara Blakely Gives Away $5 Million to Help Female Entrepreneurs During Coronavirus Crisis
- URL: https://celebritykind.ghost.io/spanx-founder-sara-blakely-gives-away-5-million-to-help-female-entrepreneurs-during-coronavirus-crisis/
- Published: 2020-04-07T03:25:25.000Z
- Updated: 2026-09-30T04:16:26.000Z
- Author: Celebritykind
- Tags: Women and Girls, CEO, Sara Blakely, #Migrated-1790725130940, #wp, #wp-post, #Import 2026-09-29 23:39

**Sara Blakely,** the woman behind shape-wear empire Spanx, has announced she's giving away $5 million during the coronavirus pandemic to support women who run small businesses.

"My hope is that this gift will help alleviate some of the pressures caused by this horrible pandemic," **Blakely** writes in an Insta post.

"I know first hand what it's like to be a small business owner. As a woman it can be lonely and scary, especially during a time like this," she continues. "Small business is the backbone of our culture and I want to help."

**Blakely** will be making grants of $5,000 to 1,000 women in the U.S through her **Red Backpack Fund -** because she had a "lucky" red backpack when she was in college *and* it's the symbol used for the **Spanx by Sara Blakely Foundation.** 

But wait, there's more.

In addition to the grant, each woman will receive her very own "red backpack" with an all-access pass to [**Blakely's** MasterClass](https://shareasale.com/r.cfm?b=1447841&u=2176817&m=62509&urllink=&afftrack=&ref=celebritykind.ghost.io) on entrepreneurship.

**Blakely** ends her social media post by saying,"it's been my greater mission in life to empower and elevate women, and when you help a woman fulfil her potential ...magic happens."

You can check out her Masterclass below. Please note CelebrityKind may be compensated if you make any purchases through this link:

[](https://shareasale.com/r.cfm?b=1447913&u=2176817&m=62509&urllink=&afftrack=&ref=celebritykind.ghost.io)