National Basketball Association's Board of Governors and the National Basketball Players Association said on Wednesday that they are creating a $300 million fund to start a foundation that will focus on «economic empowerment in Black communities,» according to a press release.
Each of the 30 teams in the league will donate $1 million annually to the foundation over the next decade.«The NBA Foundation will seek to increase access and support for high school, college-aged and career-ready Black men and women, and assist national and local organizations that provide skills training, mentorship, coaching and pipeline development in NBA markets and communities across the United States and Canada,» the press release stated.The NBA said its.
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