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George Floyd family launches fund to support neighborhood where he was murdered

The money will come from the $27 million settlement the family received from the city of Minneapolis.

George Floyd memorial Caitlin Abrams

The family of George Floyd is donating a portion of their $27 million civil settlement from the city of Minneapolis to the neighborhood where he was murdered.

The George Floyd Community Benevolence Fund will make an initial $500,000 contribution to the community around 38th and Chicago Avenue, the intersection where Floyd died under the knee of Derek Chauvin, the former Minneapolis police officer who was convicted for his murder.

“Mr. Floyd was murdered May 25, 2020, in that predominantly Black neighborhood, and his family has been touched by the strength, the spirit, and the need in that community,” according to a press release that was issued on the one-year anniversary of his death.

“The mission of the Fund is to raise up and give breath to the businesses, individuals, and organizations in Minnesota that have been detrimentally impacted by systemic racism,” the press release continued.

The Fund will provide grants at levels of $5,000; $10,000 and $25,000 to “established and eligible entities that have a local impact,” including apprentice work or training programs, renovating and expanding companies, community arts and civil rights awareness programs, and other projects that “would prove significant to the local community.”

The Fund’s board members include four Floyd family members: Terrence Floyd, Bridget Floyd, Philonise Floyd and Roxie Washington, along with members of their legal team, including L. Chris Stewart, Antonio Romanucci, Ben Crump, Jeff Storms and Scott Masterson. The Board will also include various spots for corporate partners and community leaders from 38th & Chicago.

“As we mark the one-year anniversary of George Floyd’s horrific death, the family feels deeply that something positive should come from the pain and injustice he suffered,” said Crump. “The George Floyd Community Benevolence Fund will be an instrumental, long-term partner to the Black-owned businesses in the neighborhood where he died, where we all have seen the continued negative impact of systemic racism.”

Grant applications will be accepted at beginning in the fall of 2021.

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