The singer announced the extra cash through her BeyGOOD foundation, which is working with the NAACP civil rights organisation.
They started the partnership in July, with the aim of helping to “strengthen small businesses and ensure economic empowerment for Black businesses”.
Beyoncé has previously spoken about how Covid-19 is disproportionately affecting African-American citizens.
In a video message at the Together At Home concert earlier this year, she said: “This virus is killing black people at an alarmingly high rate here in America”.
She said the impact was particularly high because black Americans “disproportionately belong to essential parts of the workforce, that do not have the luxury of working from home,” including delivery workers, mail carriers and sanitation employees.
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