Corporations across the country are standing up with communities of color and are even putting money where their mouth is.
Bank of America doing good helping communities tackle racial inequality
According to their own press release, Bank of America has announced they are spending $1 billion over four years to help local communities address issues such as racial inequality.
“The events of the past week have created a sense of true urgency that has arisen across our nation. Particularly in view of the racial injustices we have seen in the communities where we work and live.” said CEO Brian Moynihan. “We all need to do more.”
The grants will go towards to jobs, training and small business needs and housing. Moreover, it will emphasize health services for minority communities. Moreover, $100 million will support nonprofit partners. While $250 million will assist with lending to the smallest and minority-owned businesses through its support to community development finance and minority depository institutions.
Tech giants Apple, Facebook and Verizon doing good for civil rights groups
TechCrunch reports that Apple, Facebook, and Verizon are promising millions of dollars to support civil rights groups. CEO Tim Cook spoke to TechCrunch. He said “Apple is making donations to a number of groups, including the Equal Justice Initiative. They are a nonprofit committed to challenging racial injustice, ending mass incarceration, and protecting the human rights of the most vulnerable people in American society.”
Moreover, Facebook CEO Mark Zuckerberg said in a Sunday post that they are “committing an additional $10 million” to groups working on racial justice. They are deciding which ones to donate to by engaging its civil rights advisors and employees.
Moreover, Verizon is another company that is acting in similar function. CEO Hans Vestberg said Verizon is donating $10 million several groups. Moreover, the funds will be distributed equally between several organizations including: The National Urban League, the NAACP, National Action Network.