SheaMoisture, a Black-founded business committed to addressing racial inequality, has created the SheaMoisture Fund to support small Black-owned businesses. The company pledges to provide $1 million in direct funding annually to eligible Black-owned businesses in the U.S. through programs like “The Next Black Millionaires,” offering $100,000 grants and business development support, and “Brown Girl Jane,” which provides grants ranging from $10,000-$25,000 to Black and woman-owned beauty and wellness businesses. Additionally, SheaMoisture offers its Community Impact Grant, giving $10,000 grants to Black-owned businesses based in the U.S. that have been operating for at least one year.