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NBA Contributes $300M to First-Ever Foundation Dedicated to Black Economic Empowerment

Steps by major companies and organizations are still being taken to ignite change and empower the Black community. On Wednesday, the NBA Board of Governors — in partnership with the National Basketball Players Association — announced that it will be contributing $300 million toward establishing the first-ever NBA Foundation dedicated to strengthening the Black community economically in an official press release . “On behalf of the NBA Board of Governors, I am thrilled to announce the creation of the NBA Foundation,” said NBA Board of Governors Chairman and Toronto Raptors Governor Larry Tanenbaum, according to the press release. “All NBA team governors recognize our unique position to effect change and we are committed to supporting and empowering young Black men and women in each of our team markets as well as communities across the U.S. and Canada.” The foundation’s mission is to strengthen access and extend support for high school, higher education, and “career-ready” Black men...

Micah Kimberley

Aug 7, 2020