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#室友, as early as June 2020, when the protests after the murder of George Floyd by the former police officer and convicted killer Derek Chauvin reached their peak, Netflix Pledged to donate $100 million to banks and financial institutions that support the black community-they have now officially fulfilled this pledge. Netflix has just confirmed that it plans to advance its $100 million donation to maximize the financial possibilities of the black community.
@Deadline reports that Netflix plans to provide 2% (or $100 million) of its cash holdings to banks and financial institutions led by blacks go ahead– The streaming media giant also revealed how the funds will be allocated. The goal behind the millions of donations is that if black-led institutions have more money, they can provide more family and small business loans to people in the black community.
Netflix has $100 million a year, which means that investment will grow over time. Speaking of financial commitments, Aaron Mitchell (Netflix’s Director of Human Resources) and Shannon Alwyn (Netflix’s Chief Financial Officer) explained the goal of the donation. “As a result, we will deliver on our promises at the end of the year and transfer more cash-more than the $100 million already promised-to these institutions,” they said.
One of the Black-led financial institutions that Netflix previously invested in is Hope Credit Union, a community development financial institution that serves under-banked communities in the Southeast. In addition, it helped black homeowners and black business owners through the extreme financial difficulties that occurred during the pandemic.
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