NEW YORK (AP) — The NBA Foundation has chosen the initial seven recipients of grants from the newly created group, the first step toward what the league has promised will be at least $300 million in money designed to spur additional economic empowerment in Black communities.
Those first grants, announced Thursday, totaled $2 million. They went to the following groups: exalt, Management Leadership for Tomorrow, Marcus Graham Project, Operation DREAM, The Knowledge House, TEAM Inc., and the Youth Empowerment Project.
Plans to create the NBA Foundation began in June and were finalized by the NBA’s Board of Governors and the National Basketball Players Association in early August.