Nor are corporations required to report on where all of their money is going or its impact. [Corporations are working with social media influencers to cancel-proof their racial justice initiatives]So far, 37 companies have confirmed disbursing at least $1.7 billion of the $49.5 billion pledged. Seven of the companies that provided data on their racial justice commitments refused to outline how much they had already spent. The analysis shows that public companies are devoting the most resources to promoting upward economic mobility for Black people, through increased opportunities for homeownership, entrepreneurship and education. Google is donating $50 million to historically Black colleges and universities to increase Black representation in the tech sector.

Source: Washington Post August 23, 2021 14:03 UTC