Nike Pledges $140 Million to Its Black Community Commitment

Sports apparel giant Nike has pledged $140 million to its Black Community Commitment, which invests in organizations focused on increasing economic and social justice opportunities.

Nike’s Black Community Commitment will invest the money over the next 10 years to national and local organizations, including the NAACP Legal Defense FundBlack Girls CodeBlack Girl Ventures, and Black Voters Matter. Nike will also invest an additional $2.75 million to support 44 local organizations in seven U.S. cities such as New YorkLos AngelesChicagoPortland, and Memphis as part of its commitment.

“NIKE, Inc.’s purpose is to move the world forward, breaking barriers and building community to change the game for all,” Karol Collymore, senior director of Inclusive Community for Social & Community Impact, said in a statement. “Our Black Community Commitment embodies this belief and drives how we are showing up to advance racial equality for Black people.”

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SOURCE: Black Enterprise, Derek Major