The Local Initiatives Support Corporation today announced a $175 million close of investments into its Black Economic Development Fund following two recent investments. PayPal Holdings, Inc. invested $50 million into the fund becoming the fund’s largest single investment to date. PayPal’s investment is part of the company’s previously announced $530 million commitment to support Black businesses and communities. …
– The Local Initiatives Support Corporation (LISC) today announced a $175 million close of investments into its Black Economic Development Fund following two recent investments. PayPal Holdings, Inc. (NASDAQ: PYPL), invested $50 million into the fund becoming the fund’s largest single investment to date. PayPal’s investment is part of the company’s previously announced $530 million commitment to support Black businesses and communities. HubSpot (NYSE: HUBS), the Boston -based customer relationship management (CRM) platform, invested $12.5 million in the fu
5 ways MacKenzie Scott s $5 8 billion commitment to social and economic justice is a model for other donors
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5 ways MacKenzie Scott s $5 8 billion commitment to social and economic justice is a model for other donors | The Conversation
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Taking some of its biggest steps ever to support Black Americans, Fifth Third Bancorp is committing nearly $3 billion to fight against racism.
Fifth Third Bank just announced that it will make the commitment over the next three years to help fortify diverse customers. Some $2.2 billion of the pledge by the Cincinnati-based bank will be used for lending and $500 million for investments.
Fifth Third Executive Vice President Kala Gibson (file)
Another significant step to address racial equality was the formation of an Executive Diversity Leadership Council (EDLC). Kala Gibson, the council’s executive sponsor, chief enterprise responsibility officer and head of Business Banking, stated, “We will continue to review policies and practices to evaluate where comprehensive improvements can be made so that the Bank’s employees, customers and communities are fully supported.”