Tracking Corporate Donations to Black Lives Matter

The grass roots demonstrations concerning Black racial justice, sparked by the death of George Floyd, have created an urgent, unprecedented response of support by CEOs and corporate leaders. These pledges total $8 billion as of July 20, 2020. and are designed to facilitate efforts that support racial justice, help activities that seek to empower, support, and accelerate immediate solutions to the crisis affecting Black people. We know, however, that when Black people start rising up, big money always starts coming to our organizations to break them apart. This time, the dollar amounts are so large that  uncertain is the impact. (So...we will also track how the money is used, not just where it's from....)

What Our Campaign Is About

We have created a database of these corporate promises and will, with your help, track corporate responses over the long term (hopefully). We will eventually create a website providing detailed information. (See diversityfund , minorityfinance  or creativeinvest  for some of our current websites...)

What We Need & What You Get

We will provide recurring, updated lists of these pledges. Clearly, while these support efforts are much needed and welcome, they are not enough. One also questions the long term nature of many of these pledges. Several are multi-year promises of support. Nike and Michael Jordan, for example, will donate $100 million in $10 million annual blocks. Once the heat is off, how do we know corporations will make good on these pledges? We will let you know....

The Impact

The corporations on our BLM response list earned $500 billion in 2019., and let’s not forget that these corporations are the primary beneficiaries of the Federal Reserve’s $6.7 trillion corporate credit facility,  an expansion in the Fed’s balance sheet specifically designed to help  large institutions. 

In a sense, this shows the true regard corporate America has for Black people. This is, in actuality, why marches and demonstrations are required in the first place.

Risks & Challenges

The key risk is that we might miss a pledge/donation or two. Not to worry. Once we announced our intention to track these efforts, it seems people are more than willing to let us know if we left anything out. This is all good, and, in fact, is one of the benefits of this crowdfunding campaign. We welcome the help.

Corporations may hide their true activity, and it will be difficult to force them to reveal their actual behaviour. We have had a lot of experience in this.

We may need to ask you to send an email or two if we get any pushback.

Other Ways You Can Help

Some people just can't contribute, but that doesn't mean you can't help:

Please get the word out and make some noise about your campaign.
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