$930,085,000 was donated or pledged by these companies between 2020 and the present date.
Alphabet Inc. pledged the highest donation among area organizations and businesses, claiming to commit $370,000,000 to the Black Lives Matter movement.
Of the 13 organizations which pledged to donate to Black Lives Matter in recent years, seven of them were confirmed to have fulfilled their pledge and actually donated the amount of money they said they would. It's unclear or unknown if the other organizations followed through with their pledges.
| Organization | Donated amount | Details |
|---|---|---|
| Alphabet Inc. | $370,000,000 | Over $320M committed to organizations working to address racial inequities. Includes $125M Grow with Google Small Business Fund; $50M to Black community in partnership with Opportunity Finance Network; $100M to black-led capital firms like Plexo Capital; $15M to National Urban League; $10M to black education; additional $12M to address racial injustice; $25 mil in Ad Grants to racial justice organizations; $2.5M raised in an employee charitable gift matching program (highest in company history); $1M to Center for Policing Equity and the Equal Justice Initiative; $1M each to the Leadership Conference Education Fund, the NAACP Legal Defense Fund's Policing Reform Campaign, and the Movement for Black Lives. For 2021 update on progress, see CNBC article under sources. |
| Netflix, Inc. | $205,000,000 | Includes pledge to allocate $100M in cash holdings and 2% going forward to lenders that serve the Black community. Part of this funding was used to seed LISC's Black Economic Development Fund. Initially, Netflix will contribute $35 million to the Black Economic Development Initiative, a new fund that will invest in Black-owned financial institutions serving low-income communities, and $10 million to Hope Credit Union. Announced $100M Netflix Fund for Creative Equity. $5M committed to non-profits creating opportunities for the Black community and Black creators. |
| Cisco Systems, Inc. | $152,210,000 | Includes $5M in pledges to the Equal Justice Initiative, NAACP Legal Defense Fund, Color of Change, Black Lives Matter Foundation, and Cisco's own fund for Fighting Racism and Discrimination. Cisco followed through with its pledges to the NAACP Legal Defense Fund and Equal Justice Initiative, which received $1M each. As of Aug 2021, Cisco hasn't yet followed through with donation to BLM. Cisco also pledged $50 million for internal diversity initiatives (not included in the database). Partnered with OneTen. In 2022, Cisco donated $10k to Chinese for Affirmative Action. |
| Apple Inc. | $100,000,000 | $100 million pledged to numerous racial justice and racial equity projects under the banner of Apple's Racial Equity and Justice Initiative (REJI), which aims to dismantle systemic racism, expand opportunities for communities of color, and achieve criminal justice reform. Apple also pledged donations to organizations challenging "racial injustice and mass incarceration." One of those organizations is the Equal Justice Initiative. Apple’s internal Benevity portal listed BLM Foundation as eligible for two-to-one matching campaign. In 2021, Apple pledged $30 million in new commitments as part of the REJI to fund projects including a $25M HBCU Innovation Hub (the Propel Center), expanded education initiatives for HCBUs, a new cohort of the Apple Entrepreneur Camp immerse tech lab for Hispanic/LatinX founders and developers, funding for leaders working in criminal justice reform and environmental justice, and a $25M investment in Siebert Williams Shank & Co.'s Clear Vision Impact Fund. |
| SVB Financial Group | $70,650,000 | *Correction: It has been brought to our attention that the $1.2M and $1.6M figures reflect 2019 spending. The above notes have been corrected to reflect this, and those figures have been subtracted from our total.*
“The calls to end systemic racial and social inequities following the murder of George Floyd in May 2020 had a profound global impact. We responded by expanding opportunities for dialogue, including hosting over 40 small group “Conversation Circles” in which over two thirds of our employees participated in discussions about racial equity issues. Our DEI-focused “town hall” meetings for employees were in response to our recognition of the need for greater transparency and dialogue around the racial representation of our workforce and the innovation ecosystem. Additionally, we provided opportunities for action, mobilizing our employees and clients to join in community service through Tech Gives Back, a week of volunteer events focused in part on racial equity, social justice and access to the innovation economy. We also partnered with Act One Ventures to launch The Diversity Term Sheet Rider for Representation at the Cap Table initiative, which advocates for venture capital firms to include in all of their term sheets a pledge to bring members of underrepresented groups into deals as co-investors . . . As part of our efforts in 2020, we launched our Missions Program, a software platform designed to engage employees to act in support of the causes they care about most such as voter education and racial justice and equity.” In June 2020, SVB also created a 2:1 employee charitable gift matching program for donations supporting “justice and equity for Black Americans,” which raised nearly $400K. It allocated a further $250K from the SVB Foundation to support grants for social justice organizations including the NAACP, ACLU, and National Urban League. In 2019, SVB spent $1.2M supporting opportunities for diverse, emerging talent in innovation as part of SVB’s Access to Innovation Initiative. SVB also contributed $1.6M to causes supporting gender parity in innovation (neither the $1.6M nor the $1.2M figure are included in our total*). SVB partnered with 44 organizations focused on furthering DEI in innovation and invested in relationships with HBCUs. It hosted internships and provided tuition assistance for students from “underserved communities.” SVB’s loan programs for “underserved small-business owners,” while significant, are not included in our total because it is impossible to discern post-2020 funding from pre-2020 funding using public sources. The same goes for SVB’s other discriminatory lending. SVB published its first DEI report in 2020. In 2021, SVB pledged to invest $50M in its diversity and inclusion programs and partnerships, “with a focus on women, Black and Latinx individuals.” It implemented a corporate supplier diversity program and partnered with The Greenlining Institute (a member of the Movement for Black Lives), which advised SVB on its $11.2B Community Benefits Plan (not included in our total due to lack of details). That plan includes $75M in unspecified charitable contributions (also not included in our total). SVB donated $20M in net fees paid to them by the Small Business Administration’s Paycheck Protection Program (PPP) to support additional COVID-19 relief; a new $5M, full-ride, needs-based University Scholarship program to students at four universities, including two HBCUs; economic development; and diversity, equity and inclusion (DEI) efforts through 2022. In 2022, SVB announced a $5B Sustainable Finance Commitment. This commitment possibly includes investments in or funding for climate justice or BLM-related causes, but it is not included in our total because the details remain undisclosed. The same goes for SVB’s $18M in unspecified charitable contributions in 2022. |
| Adobe Inc. | $20,000,000 | $20M donation across Asian Americans Advancing Justice (AAJC), the Disability Rights Fund, the Equal Justice Initiative, Equality Now, the First Nations Development Institute, the Hispanic Heritage Foundation, the Mexican-American Legal Defense Fund, Outright Action International, United Service Organizations, and VetsinTech (USO and VetsinTech are not BLM-related). |
| Intel Corporation | $7,800,000 | Includes $1 million in pledges to undisclosed racial justice organizations. Employee charitable gift matching program for employee contributions to the BLM Foundation, the Center for Policing Equity, Amnesty International, National Urban League, and the NAACP Legal Defense Fund ($800k donated through the program). $5M donated to HBCU to create tech law and policy center to train Black lawyers. Intel notes that HBCU's are key to producing the next generation of lawyers to lead the charge to eradicate systemic racism and structural inequities. For update on progress as of 2021, see CNBC article under sources. |
| eBay Inc. | $1,300,000 | $1.3M across the NAACP and Equal Justice Initiative. |
| Intuit Inc. | $1,000,000 | BLM, NAACP Legal Defense Fund, Movement Voter Fund, Race Forward, United Negro College Fund |
| KLA Corporation | $1,000,000 | "In June 2020, KLA Foundation committed $1 million to initiatives to help drive systemic change in the Metro Detroit and South Bay/Silicon Valley areas. This investment supported more than ten local and national organizations that provide education, community enrichment, and health and wellness services. These nonprofits used the money to support their efforts to create social equity and advance social justice. Among some of the nonprofit organizations funded were Out in Tech, California Black Women’s Health Project, College Track, Facing History and Ourselves, Hispanic Foundation of Silicon Valley and National Association for the Advancement of Colored People (NAACP)." |
| San Francisco 49ers | $1,000,000 | Donated $1M to local and national organizations to help make societal change in the wake of Floyd's death. |
| Applied Materials, Inc. | $100,000 | $100K grant to the NAACP. Additional contributions undisclosed. |
| Gatsby, Inc. | $25,000 | $25k across the ACLU, Black Visions Collective, NAACP Legal Defense Fund, Fair Fight, and North Star Health Collective. |
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