Netflix Giving 2% Of Cash Going Forward To Economic Development Of Black Communities, $100M To Start
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deadline.comJill Goldsmith Netflix said Tuesday that going foward it will allocate 2% of its cash holdings — initially up to $100 million — to financial institutions and organizations that directly support Black communities as part of a commitment to racial equity“We know great stories can create empathy and understanding.
Stories like Ava DuVernay’s 13TH and Explained’s Racial Wealth Gap show how systemic racism in America has sustained a centuries-long financial gap between Black and White families,” the company said in blog post by Aaron Mitchell, Director, Talent Acquisition and Shannon Alwyn, Director, Treasury.
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