• The Associated Press reports that "in the months since the police killing of George Floyd sparked a racial reckoning in the United States, American corporations have emerged as an unexpected leading source of funding for social justice …The trend signals a shift for large corporations, fueled by the evolving expectations of younger employees and consumers about corporate responsibilities to social causes."
According to the piece, "Corporate giving to racial equity causes has far outpaced donations from foundations and individual philanthropists since Floyd’s killing in May, according to the philanthropy research organization Candid.
"Companies donated or pledged about $8.2 billion of the $12 billion in total contributions that were earmarked for racial equity … Sizable commitments have come from corporations ranging from JPMorgan Chase, PayPal and Mastercard to Microsoft, Salesforce and the National Football League. Those pledges don’t even count other minority-focused investments, like a JPMorgan initiative to lend to minority home buyers and small businesses, that could eventually benefit the corporations themselves."
