by Selena Hill
Could 20, 2026
The fund will help the subsequent technology of hair professionals by academic scholarships
Beyoncé Knowles-Carter’s haircare model Cécred and her nonprofit, the BeyGOOD Basis, are launching the 2026 Cécred x BeyGOOD Fund to help aspiring hairstylists, barbers, and hair professionals.
In response to a press launch, the initiative will return for a 3rd 12 months with a $250,000 dedication targeted on academic help and workforce improvement for the subsequent technology of magnificence professionals. This system will present grants to 10 cosmetology and barbering establishments throughout the US and the UK, with every college receiving $25,000 in scholarship funding.
“As a licensed cosmetologist and former salon proprietor, I’ll always remember my very own beginnings at Franklin College and the pure ardour it takes to reach this craft,” stated Knowles-Carter’s mom, Tina Knowles, who serves as Cécred’s vice chairwoman and chair of the Board of Administrators at BeyGOOD Basis.
“In the present day, the price of tuition, instruments, and tools is hitting file highs, making it more durable for aspiring cosmetologists to afford their training. By increasing our grants from 5 to 10 faculties this 12 months, we’re offering very important monetary help so these proficient college students can deal with their coaching and pursue their passions. We’re dedicated to uplifting the subsequent technology of hair professionals and giving them the tutoring help they want.”
Since its launch in 2024, the Cécred x BeyGOOD Fund has awarded $1 million in pupil scholarships and salon enterprise grants to 133 college students and salon house owners. This 12 months, the Fund will award grants to extra faculties, offering very important tuition help to maintain magnificence college inexpensive.
In 2024, the Cécred x BeyGOOD Fund launched with a $500,000 funding to help salon house owners, barbershop operators, and cosmetology college students in cities reminiscent of Atlanta, Houston, Chicago, Los Angeles, and New Jersey. Final 12 months, this system awarded grants to salon and barbershop house owners and supplied mentorship and enterprise improvement help by partnerships with organizations such because the Nationwide Minority Provider Improvement Council.
The newest growth displays the rising financial energy of the Black magnificence trade, which has more and more develop into a pipeline for entrepreneurship, model possession, and generational wealth creation. The sweetness and private care market continues to be some of the influential client sectors, pushed by Black customers and creators.
RELATED CONTENT: Beyoncé Brings The Stars Out To The Cécred Hair Present In Celebration Of New Styling Assortment
