The NBA announced an initial contribution of $300 million foundation to economically empower black communities in the United States.
The Foundation is being launched in partnership with the National Basketball Players Association. The NBA will support a wide-scale of activities that surround crucial structures based on education, employment and career advancement.
“The creation of this foundation is an important step in developing more opportunities for the Black community,” said NBPA President Chris Paul, per NBA.com. “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 created foundation will use collective resources of the 30 teams to give better opportunity to black communnities.
“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,” NBA Commissioner Adam Silver said.
“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.”