The following is Nike’s news release about its grants:
Black Community Commitment Local Grants in Memphis
The National Urban League partnership announcement coincides with the rollout of $2.75 million in Black Community Commitment investments to local organizations that fuel economic empowerment, education and social justice on behalf of Black communities in seven U.S. cities, including Memphis:
- RISE Foundation:funding will provide support for the Rise Foundation’s Save Up program, a matched savings account to economically empower low-wage workers in managing their income, improving their credit and purchasing assets or attending post-secondary education. It will also support the Goal Card program teaching public school students financial and life goals. A NIKE teammate serves on the Board of Directors. ($75,000)
- Memphis Urban League:will enable the Memphis Urban League to increase the capacity in their Save Our Sons program, a workforce and life skills training program that focuses on juvenile detainees in the Juvenile Detention Center, those in the District Attorney’s office, as well as others participating with other non-profit partners in re-entry programs. A NIKE teammate serves on the Board of Directors. ($50,000)
- Bridges:Our grant will provide the opportunity for students in 8th-12th grade to advance social justice issues through community organizing as well as promote diversity appreciation and equal rights for all. ($75,000)
- Stax Music Academy:Will provide the Stax Music Academy the capacity to expand their program that prepares graduates for post-primary success regardless of path, whether attending college or entering the music workforce. Each young artist will understand how to make a living in the music industry. In 20 years, the Stax Academy has graduated over 4,000 students who can be heard around the world, teaching, performing, recording, producing and more at the highest levels of the music industry. ($50,000)
FY20 Impact Report:
At Nike, FY20 proved how much our people and purpose matter. It showed the difference that our voice and our actions can make. In the face of our society’s most pressing challenges, Nike embraced the unique opportunity to lead the way. The FY20 NIKE, Inc. Impact Report represents a true inflection point. Nike’s efforts have increased representation of women globally across the enterprise to 49.5% and representation of racial and ethnic minorities to 29% of our VP leadership team in the United States.
- Women now make up 49.5% of Nike’s total employee base.
- Racial and ethnic communities at the Vice President (VP) levels in the U.S. increased 8 percentage points in 2020 to 29%.
- We have increased representation of women globally at VP level to 41.1%, 2-percentage point increase from 2019.
- The 2020 intern class was our most diverse yet: 55% of our 310 interns were women and 49% were U.S. racial and ethnic communities.
Over the next five years, Nike will bring our purpose to life with a focus on people, planet, and play. Nike has developed 29 targets to achieve its ambitions. The targets are aggressive, but achievable. Nike is committed to clear action plans with clear goals, clear measures — and clear accountability. Above all, Nike is committed to helping shape a better future, across our company and around the world.
2025 Target Highlights:
- 35% Representation of racial and ethnic communities in U.S. corporate workforce.
- $10 Million Investment in Historically Black Colleges & Universities and Hispanic-Serving Institutions to increase intern and direct hires.
- 50% Representation of women in global corporate workforce.
- 100% Women in supply chain have increased access to career opportunities.
Black Community Commitment Partnership with National Urban League ($1 Million Investment):
NIKE, Inc. believes that National Urban League and their mission—to help African Americans and others in underserved communities achieve their highest true social parity, economic self- reliance, power, and civil rights—align to NIKE, Inc.’s goals. The $1 Million investment from NIKE, Inc. will support two of National Urban League’s programs specifically:
- Urban Reentry Jobs Program,providing formerly incarcerated adults with the necessary skills and training to successfully re-enter the job market and to find a position with a livable wage that can potentially lead to a career with an elevated income.
- Home is Where the Wealth Is, a campaign for first time homebuyers that offers financial education and individualized coaching from certified housing counselors to help prepare Black Americans to purchase the home of their dreams.