The NBA will donate $300 million over the next decade to boost economic growth in Black communities through the establishment of a new foundation
... [+]The newly established NBA Foundation is a charitable organization aimed at economically empowering Black communities, primarily through education and youth employment.
All 30 NBA teams will donate $1 million each, per year for 10 years, while an eight-person board of directors is also being set up. As well as increasing “access and support for high school, college-aged and career-ready Black men and women,” the foundation will also assist local and national organizations that provide mentorship, training and coaching in NBA markets across the U.S. and Canada.The restart of the league has been marked with players and coaches taking a knee during the national anthem to show support for anti-racism protests that swept the nation following the death of George Floyd in May.
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The NBA Is Donating $300 Million Over The Next Decade To Black EmpowermentI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you.
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NBA Creating $300 Million Fund to Help Create Economic EmpowermentEach of the 30 teams in the league will donate $1 million annually to the foundation over the next decade.
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