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General News

Greek-American Karmanos and Wife Danialle Donate $100K to Help Detroit SMEs

DETROIT – Greek-American businessman and philanthropist Peter Karmanos and his wife Danialle donated $100,000 to the Barstool Fund to help small businesses struggling during the pandemic, Local 4 Click on Detroit reported.

The Barstool Fund “has raised millions to benefit small business owners” so far and “was established by the team behind the popular site Barstool Sports which, features wild videos, hot takes and more, but the focus recently has been giving back and thanks to local donors it’s growing,” Click on Detroit reported.

Peter and Danialle Karmanos are long-time supporters of many Detroit institutions and “know the small business owners help keep the Motor City buzzing,” Click on Detroit reported.

The Karmanoses are well-known for their philanthropic efforts. In 2017, they donated $1 million for the Fashion Accessories Design (FAD) program and student scholarships at the College for Creative Studies (CCS) in Detroit.

In 1995, Karmanos, the son of Greek immigrants, donated $15 million to the cancer center, which was renamed for his late wife, Barbara Ann, who passed away from breast cancer in 1989 at the age of 46.

According to the Barstool Fund website, small business owners in need of help due to the impacts of COVID, can submit an application at: TheBarstoolFund.com/apply.

Anyone interested in making a tax deductible contribution to support small businesses featured on the fund’s website, can click on “Contribute to the Fund.”

Shirts are also for sale on the website to help raise funds with 100% of the net proceeds going towards supporting small businesses.

More information on the Barstool Fund is available online: https://www.barstoolsports.com/the-barstool-fund.

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