ESPN.com · Dec 17, 2020
NBA distributing money for social initiatives
A new NBA season will tip off Tuesday, but the league's mission to support empowerment for the Black community, as demonstrated in the Orlando bubble, hasn't been forgotten.
The NBA Board of Governors in early August announced a $300 million initial contribution to establish the NBA Foundation, dedicated to creating greater economic empowerment in the Black community.
The first grants are now being distributed from the NBA owners' pledge to give $30 million annually over the next 10 years through the foundation. A total of $2 million in inaugural grants for employment and career advancement were announced Thursday.