Funding support of $200 million has been announced by the Facebook to African American-owned businesses and organizations.
Following on the heels of an announcement by the company earlier this month that it would donate $10 million in support of racial justice organizations, the commitments include $75 million in cash grants and ad credits for Black-owned small businesses and nonprofits that serve the African-American community and $25 million in support of Black content creators.
(Ad) Still, finding it difficult to find new grants and donors to support your work? No way to easily search and identify upcoming funding opportunities? No idea how to raise funds? We have a solution for you. Our Premium Membership service answers all your questions. Learn more.
And as part of a broader $1.1 billion investment in African-American and minority suppliers and communities, the company will also spend at least $100 million annually with Black-owned suppliers.
In addition, the company pledged $5 million to more than two hundred and fifty thousand Facebook Fundraisers ($19 each) created to benefit the Equal Justice Initiative, Thurgood Marshall College Fund, and Innocence Project; will award a hundred thousand scholarships to African-American students working to acquire digital skills certifications through its Facebook Blueprint program; will provide free digital skills training to two million members of the Black and Latinx communities over the next three years through its Elevate program; and will create a new space in its Lift Black Voices app to highlight stories about the African American experience, share educational resources, and inspire people to take action.
(Ad) Too many advertisements on this website? Get an ad-free and fully optimized website experience to find grants and donors of your interest. Premium Membership service offers a clean and user-friendly interface for you to raise funds successfully! Learn more.
In an effort to build a more diverse and inclusive workforce, the company — which had already set a goal of doubling the number of African-American and Latinx employees and achieving 50 percent representation from underrepresented communities by the end of 2023 — also committed to increasing the number of people of color in leadership positions by 30 percent, including 30 percent more African Americans.