Monday, 15 Jul 2024

NBA Foundation announces $2 million in inaugural grants to support Black communities

The NBA Foundation has recently announced its inaugural grants totaling $2 million, which aim to promote economic empowerment in Black communities through employment and career advancement opportunities. Seven organizations have been selected as the recipients of the grants: exalt, Management Leadership for Tomorrow, Marcus Graham Project, Operation DREAM, TEAM Inc., The Knowledge House, and the Youth Empowerment Project. These organizations have been chosen for their alignment with the NBA Foundation’s mission to provide skills training, mentorship, coaching, and pipeline development for Black individuals at different stages of their lives and careers.

The NBA Foundation’s goal is to increase access to education and employment in Black communities while also supporting the important work carried out by these national and local organizations. The grants will help to enhance the impact and reach of these organizations, benefiting not only the individuals they serve but also the broader community.

Here are some key details about each grant recipient:

  • exalt: Based in New York City, exalt is an organization that empowers court-involved youth through a culturally relevant curriculum, personalized support, and paid internships. Their focus is on advancing education, employability, and reducing involvement with the criminal justice system.

  • Management Leadership for Tomorrow (MLT): MLT is dedicated to creating a more diverse leadership landscape in corporate America. They provide a high-performance playbook, professional coaching, and a network of peers and mentors to over 10,000 students and professionals of color.

  • Marcus Graham Project (MGP): MGP is a national organization that aims to develop the next generation of diverse leaders in advertising, media, and marketing. Through training, mentorship, and professional development opportunities, MGP works towards making the industry more inclusive and representative of our diverse society.

  • Operation DREAM: Operating in Milwaukee, Operation DREAM offers developmental opportunities, mentoring, and employment readiness support to more than 250 young men of color. Their programs are tailored to meet the specific developmental needs of participants at different stages of their lives.

  • TEAM Inc.: Based in Oakland, Calif., TEAM Inc. focuses on empowering students through sports to build STEM skills and create more opportunities for their future.

  • The Knowledge House (TKH): TKH, located in New York City, works to create an education-to-employment pipeline in underserved neighborhoods. They empower young people with 21st-century skills to launch meaningful careers or ventures that uplift their communities.

  • Youth Empowerment Project (YEP): YEP, based in New Orleans, serves over a thousand children and young adults annually through community-based education, mentoring, employment readiness, and enrichment programs.

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Moreover, the NBA Foundation will continue collaborating with all 30 NBA teams, their affiliated charitable organizations, and the NBPA (National Basketball Players Association) to support national and local organizations in the United States and Canada. The NBA team governors have committed to collectively contribute $30 million each year for the next decade, ensuring sustained funding for the Foundation’s initiatives. Additionally, the Foundation will work strategically with marketing and media partners to secure additional funding sources.

To learn more about the NBA Foundation and its impactful work in supporting Black communities, please visit www.nbafoundation.com.


FAQs

Question 1: How can I support the NBA Foundation and its mission?

Answer: You can support the NBA Foundation by visiting their official website, www.nbafoundation.com, where you can find more information about their initiatives and possibly contribute to their cause.

Question 2: Are the grants provided by the NBA Foundation only available to organizations in the United States?

Answer: No, the grants provided by the NBA Foundation are available to organizations in both the United States and Canada. The NBA Foundation works to support national and local organizations in communities across both countries.

Question 3: How can I get involved with one of the recipient organizations of the NBA Foundation grants?

Answer: If you are interested in getting involved with one of the recipient organizations of the NBA Foundation grants, we recommend visiting their respective websites to explore volunteer opportunities, donation options, or ways to support their work.


Summary

The NBA Foundation has announced $2 million in inaugural grants to support Black communities. These grants aim to drive economic empowerment through employment and career advancement opportunities. The chosen recipients – exalt, Management Leadership for Tomorrow, Marcus Graham Project, Operation DREAM, TEAM Inc., The Knowledge House, and the Youth Empowerment Project – align with the NBA Foundation’s mission to provide skills training, mentorship, coaching, and pipeline development for Black men and women at various stages of their lives and careers.

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The grants are designed to increase education and employment access in Black communities while also enhancing the work of these organizations. The NBA Foundation will collaborate with all 30 NBA teams, their affiliated charitable organizations, and the NBPA to support national and local organizations across the U.S. and Canada. Over the next 10 years, the NBA team governors will collectively contribute $30 million annually, ensuring sustained funding for the Foundation’s initiatives. To learn more about the NBA Foundation and its efforts, visit their official website at www.nbafoundation.com.