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NBA Pledges $300 Million to Support Black Communities

The National Basketball Association announced on Wednesday that they have pledged $300 million to support Black communities.

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The National Basketball Association continues to be a trailblazer when it comes professional sports organizations on and off the court.

The NBA was the first league to suspend their season on March 11 due to the COVID-19 pandemic, and thus far, they have been a leader in the country on how to continue play while the virus continues to surge around them.

Earlier on Wednesday morning, the league announced that there are zero positive cases inside the bubble for the third consecutive week, and first after the regular season resumed on July 30. Shortly thereafter, they backed up the second part of their pledge: to support the black community both now and in the future.

The league allowed "BLACK LIVES MATTER" to be front and center on the courts at the ESPN Wide World of Sports Complex in Orlando, and have allowed their players to put social justice messages on the back of their jerseys. They have even encouraged and supported their players in using their platforms and media opportunities to draw attention to racial injustice, including discussing the Breonna Taylor investigation.

Now, the board of governors have taken another step in providing real sustainable change in the Black community.

Per a press release by the NBA:

"The NBA Board of Governors announced today that it will contribute $300 million in initial funding to establish the first-ever NBA Foundation dedicated to creating greater economic empowerment in the Black community.  The Foundation is being launched in partnership with the National Basketball Players Association.

Over the next 10 years, the 30 NBA team owners will collectively contribute $30 million annually to establish a new, leaguewide charitable foundation.  Through its mission to drive economic empowerment for Black communities through employment and career advancement, the NBA Foundation will seek to increase access and support for high school, college-aged and career-ready Black men and women, and assist national and local organizations that provide skills training, mentorship, coaching and pipeline development in NBA markets and communities across the United States and Canada.  As a public charity, the Foundation will also aim to work strategically with marketing and media partners to develop additional programming and funding sources that deepen the NBA family’s commitment to racial equality and social justice.

The Foundation will focus on three critical employment transition points: obtaining a first job, securing employment following high school or college, and career advancement once employed.  Through contributions, the NBA Foundation will enhance and grow the work of national and local organizations dedicated to education and employment, including through investment in youth employment and internship programs, STEM fields, job shadows and apprenticeships, development pathways outside of traditional higher education, career placement, professional mentorship, networking and specific partnerships with Historically Black Colleges and Universities.

“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.  “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 creation of this foundation is an important step in developing more opportunities for the Black community,” said NBPA President Chris Paul.  “I am proud of our league and our players for their commitment to this long-term fight for equality and justice, and I know we will continue to find ways to keep pushing for meaningful institutional change.”

The Foundation will work directly with all 30 teams, their affiliated charitable organizations and the NBPA to support national organizations and their local affiliates as well as local grassroots organizations to facilitate sustainable programming and create change in team markets.

“Given the resources and incredible platform of the NBA, we have the power to ideate, implement and support substantive policies that reflect the core principles of equality and justice we embrace,” said NBPA Executive Director Michele Roberts.  “This Foundation will provide a framework for us to stay committed and accountable to these principles.”

“We are dedicated to using the collective resources of the 30 teams, the players and the league to drive meaningful economic opportunities for Black Americans,” said NBA Commissioner Adam Silver.  “We believe that through focused programs in our team markets and nationally, together with clear and specific performance measures, we can advance our shared goals of creating substantial economic mobility within the Black community.”

The 30 NBA teams will be members of the NBA Foundation with its eight Board of Directors comprised of representatives from the NBA Board of Governors (four board seats), players and executives from the NBPA (three board seats) and the league office (one board seat).  The Foundation’s board will oversee all business affairs and provide strategic direction with respect to programming and grantmaking."

Needless to say, this is great news for the league, the players, the Black community, and the country overall.

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