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Netflix is ​​moving forward with a promise to donate $ 100 million to black-led banks and financial institutions

# Roommates, in the midst of a post-murder protest by George Floyd by former police officer and convicted murderer Derek Chauvin in June 2020, Netflix We promised to donate $ 100 million to banks and financial institutions that support the black community. And they are now officially fulfilling that promise. Netflix has confirmed that it plans to raise $ 100 million to maximize its financial potential within the Black Community.

According to @Deadline, there are plans to provide 2% (or $ 100 million) of Netflix’s cash to black-led banks and financial institutions. Advance— And the streaming giant also revealed how the money would be distributed. The goal behind millions of donations is to be able to offer more mortgages and small business loans to people in the black community if black-led institutions have more money.

Netflix’s $ 100 million is continuously present each year. This means that your investment will increase over time. Aaron Mitchell (Netflix Director of Human Resources Development) and Shannon Alwin (Netflix Accounting) explained the purpose of the donation. “So we will replenish our commitment at the end of the year and transfer more than $ 100 million of already committed cash to these institutions,” they said.

One of the black-led financial institutions Netflix has previously invested in is the Hope Credit Union, a community development finance institution that serves the bank-deficient community in the southeast. In addition, we helped black homeowners and business owners to survive the extreme financial difficulties of the pandemic.

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Netflix is ​​moving forward with a promise to donate $ 100 million to black-led banks and financial institutions

Source link Netflix is ​​moving forward with a promise to donate $ 100 million to black-led banks and financial institutions

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