Dominion Energy in Richmond, Virginia, has announced a six-year, $35 million commitment in support of historically black colleges and universities (HBCUs) and scholarships for minority students. Dominion Energy chair, President, and CEO, Thomas F. Farrell II said, "We all know there are no actions or words that will immediately heal the hurt caused by four hundred years of institutional racism. But since early June, we have seen signs of change and growth. Our country is moving forward. We … [Read more...] about Dominion Energy commits $35 million for HBCUs, Minority students
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The St. David's Foundation in Austin, Texas, has announced grants totaling more than $22 million to local organizations working to support communities impacted by the coronavirus pandemic. Spring grants awarded by the foundation will help strengthen the safety net for vulnerable populations across the five-county region served by the foundation and ensure the stabilization of nonprofits' day-to-day operations. Recipients include Any Baby Can of Austin, which was awarded $578,766 in support … [Read more...] about St. David’s Foundation awards $22 million to Local Organizations supporting vulnerable Communities
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Home improvement retailer Lowe's has announced an additional commitment of $30 million to the Local Initiatives Support Corporation in support of small businesses impacted by the coronavirus pandemic. The company announced that it would increase its support for minority small business owners from $25 million to $30 million and would donate an additional $25 million to its small business grant program with LISC, with a focus on rural communities. Lowe's president and CEO, Marvin R. Ellison … [Read more...] about Additional commitment of $30 million for COVID -19 Small Business relief efforts
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In Mexico, the Connecting Business Initiative (CBi) is bringing together the private sector, United Nations entities, NGOs, and the International Red Cross and Red Crescent Movement to strengthen the national response to COVID-19 and bolster recovery efforts. The CBi platform, which has been operating as a “network of networks” in Mexico in partnership with CENACED, aims to provide an efficient and inclusive space for non-official organizations to meet and collaborate to strengthen … [Read more...] about Aid Organizations and the Private Sector join forces to combat COVID-19 in Mexico
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The Doris Duke Charitable Foundation has announced grants totaling more than $4.5 million to support health and well-being, cultural preservation, and social welfare in Native communities across the United States. DDCF's program director for child well-being, Lola Adedokun said, "We are thrilled to support these Native leaders' efforts to respond to the unique needs of Native peoples in culturally appropriate ways that preserve, build on, and amplify the visibility of the rich assets of their … [Read more...] about Foundation grants $4.5 million to support health and well-being in Native communities across the United States
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Netflix is allocating 2 percent of its cash holdings — up to $100 million initially — to financial institutions and organizations that directly support Black communities in the United States. Initial commitments announced by the media distribution company to expand social mobility and economic opportunity include $25 million in support of the Black Economic Development Initiative, a new fund managed by the Local Initiatives Support Corporation (LISC), which will invest the funds in African … [Read more...] about Netflix invests up to $100 million initially to support Black communities in the United States
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The PATH Foundation announced a new Community Resilience grant cycle to support nonprofit organizations, with $1.5M in available funding. The grants were created in response to the difficulties many nonprofits are facing due to circumstances caused by the pandemic, according to a press release. With applications opening on July 6 and closing July 31, the Community Resilience grant cycle is one of many strategies the PATH Foundation is enacting to assist during the pandemic. Community … [Read more...] about PATH Foundation announces $1.5M new Community Resilience Grant Cycle
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Microsoft has announced a multiyear commitment to address racial injustice and inequity in communities across the United States. The commitment is focused on three multiyear initiatives: increasing representation of people of color and a culture of inclusion at the company; extending a vision for social change throughout its business ecosystem; and using data, technology, and partnerships to improve the lives of black and African-American citizens. Investments announced by Nadella include … [Read more...] about Microsoft pledges to address Racial Injustice and Inequity in Communities across United States
As part of a broader effort to center and amplify Black voices and perspectives, YouTube has announced a $100 million fund dedicated to developing and supporting African-American artists and creators. On Saturday the online video-sharing platform hosted a live stream fundraising event, "Bear Witness, Take Action," featuring musical performances and roundtable discussions with artists, creators, public figures, and activists, with donations raised through the event benefiting the Equal Justice … [Read more...] about YouTube dedicates a $100 million Fund supporting African-American Artists and Creators
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A $530 million commitment has been announced by the PayPal Holdings in support of African American- and minority-owned businesses. As part of a longer-term commitment to address economic inequality in the United States, the company will create a $500 million economic opportunity fund aimed at supporting and strengthening African-American and underrepresented minority businesses. Through the initiative, the company will work closely with community banks and credit unions serving … [Read more...] about PayPal commits $530 million in support of African-American and minority owned Businesses