NBA launches $300 million foundation to empower African Americans

NBA launches $300 million foundation to empower African Americans

The National Basketball Association has announced a ten-year, $300 million commitment in support of greater economic empowerment in the Black community.

To that end, the league will establish a charitable foundation with annual contributions totaling $30 million from all thirty NBA teams. In partnership with teams and their affiliated charitable organizations, the National Basketball Players Association, and local grassroots groups, the foundation will invest the funds in youth employment and internship programs, STEM education initiatives, job shadowing and apprenticeship programs, development pathways outside of traditional higher education, career placement initiatives, professional mentoring, networking opportunities, and partnerships with historically Black colleges and universities, with a focus on three critical employment transitions: obtaining a first job, securing employment after high school or college, and advancing in a career.

"We are dedicated to using the collective resources of the thirty 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."

(Photo credit: Getty images NBAE)