NEW YORK (AP) — Forward Through Ferguson has made its mark on its community and the St. Louis region by focusing on justice and education, racial equity and ...
NEW YORK — Forward Through Ferguson has made its mark on its community and the St. Louis region by focusing on justice and education, racial equity and policing reform.from corporations like St. Louis-based Anheuser-Busch and major philanthropic organizations ranging from the Bill & Melinda Gates Foundation and the Robert Wood Johnson Foundation to the NBA Players Association Foundation.
“The largest donation we've ever gotten from a business is $210,000; the largest donation we've ever gotten from a foundation is $150,000," said McCaskill, adding that those gifts and other high-profile ones followed the police killing of George Floyd in 2020. Experts say there is a wide variety of reasons companies get involved with community donations, from altruistic and civic-minded ones to business-related ones including employee retention and building a stronger customer and employee base.
“I would say that we’re seeing fewer public companies feeling that they have to call that out," she said. There are few requirements for companies to make this information public, though if they give through a corporate foundation they will report outgoing grants on tax forms. One of those companies, AT&T, did not respond to questions about whether it has fulfilled its $10 million pledge to historically Black colleges and universities.
Other corporations often consider as charity some business decisions that can still generate a profit for them, such as banks offering loans to minority-owned businesses. Even the organizations that help distribute those kinds of donations become hybridized, which are often known as community development financial institutions, or CDFIs.
“Certainly, corporations, philanthropy and other institutions are starting to understand that for impact and economic power, CDFIs are those independent channels they are looking for, especially in recent years," he said. "I think performance matters, right? I think ultimately what you’re seeing is recognition that, as an industry, we know how to get it done.”
Racial Equity Ferguson Commission Philanthropic Organizations George Floyd Death Of Michael Brown Mccaskill Earl Lewis Annissa Mccaskill Organizations Racial Reckoning Robert Wood Johnson Foundation
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fraser, Schwarzman to Meet New UK Chancellor Reeves in New York(Bloomberg) -- The UK’s new chancellor, Rachel Reeves, is set to meet top Wall Street executives including Citigroup Inc. Chief Executive Officer Jane Fraser...
Read more »
'Not left, not right, but forward': Dominic Cardy officially launches new centrist federal political partyIndependent New Brunswick MLA Dominic Cardy officially launched a new centrist federal political party, aiming to win the support of disillusioned Liberal and Conservative voters.
Read more »
Obama 'HOPE' Poster Artist Looks 'FORWARD' With New Kamala Harris DesignBen Blanchet is a reporter based in New York City. His work has been featured in the New York Post, Insider and The Buffalo News' Sun newspapers. He was born and educated in Upstate New York.
Read more »
‘Yes She Can’: In Soaring Speech, Obama Calls Kamala Harris ‘New Way Forward’Daniel Marans covers national campaigns and elections.
Read more »
Kamala Harris invites voters to chart a 'new way forward' as she accepts Democratic nominationCHICAGO (AP) — Vice President Kamala Harris told voters they have a chance to chart a 'new way forward' as Americans this November, as she looked to introduce herself to voters and prosecute her case against Republican Donald Trump as she accepted he
Read more »
Kamala Harris invites voters to chart a 'new way forward' as she accepts Democratic nominationCHICAGO (AP) — Vice President Kamala Harris told voters they have a chance to chart a 'new way forward' as Americans this November, as she looked to introduce herself to voters and prosecute her case against Republican Donald Trump as she accepted he
Read more »