/  08.17.2020

The private company that owns the Philadelphia 76ers and the New Jersey Devils has pledged to donate $20 million over the next five years toward the fight against systemic racism and the promotion of racial equity.

The Harris Blitzer Sports & Entertainment announced the 76ers would donate $10 million to the NBA and National Basketball Players Association’s recently developed foundation which aims to “drive economic empowerment for Black communities through employment and career advancement.” 

As for the rest of the money, $2.5 million is for real estate projects and improving “resident quality of life and further equitable development in Black communities.”

HBSE will also contribute $5 million to support Black-owned businesses, and the remaining $2.5 million will go towards education, health and employment in Black communities. 

“As leaders and stewards of community pillars, the eyes of the world are on us to do better, and they should be. While we will never be able to correct the past harm and injustice faced by Black Americans, it’s our duty to provide resources that enable tangible action and greater opportunities for equality,” HBSE said in a release. “We are committing to a fundamental change in our business strategy by embedding our organization with Black communities and businesses through significant and sustained investment and support. We are deeply committed to fighting for a better, more inclusive future and we pledge to be leaders in doing so.”

HBSE joins a list of accomplished people who have pledged money in support of black lives and black rights.

Michael Jordan and the Jordan brand, for example, committed to donate $100 million over the next 10 years to organizations that are dedicated to promoting racial equality and social justice. 

Black lives matter,” Jordan and his brand said in a statement. “This isn’t a controversial statement. Until the ingrained racism that allows our country’s institutions to fail is completely eradicated, we will remain committed to protecting and improving the lives of Black people.”

They have also contributed $2.5 million towards the fight against Black voter suppression.


King Combs vs. Pardison Fontaine (Semi-Finals) | ‘The Crew League’ (S2, Ep. 6)

In the most dramatic Crew League game yet, King Combs and The CYN Mob battle against Pardison Fontaine ...
  /  07.09.2021

Spotify presents ‘The Free Studio’ via its Frequency initiative to amplify Black expression

Spotify acknowledges it wouldn’t be what it is today without Black expression, and that is ...
  /  05.25.2022

T.I. on real estate, his business endeavors and more | 'Assets Over Liabilities'

T.I. visits “Assets Over Liabilities” hosts Rashad Bilal and Troy Millings for a conversation on ...
  /  12.23.2021

Lil Duval, Sukihana, Project Pat, Big Homies House & Lil Scrappy join "Big Facts Live"

The “Big Facts” crew is live from the Buckhead Theatre in Atlanta, GA to celebrate ...
  /  01.04.2022
View More