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NBA Foundation created, pledges $300 million to Black growth - Black News Channel

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By TIM REYNOLDS AP Basketball Writer LAKE BUENA VISTA, Fla. (AP) — The NBA's Board of Governors and the National Basketball Players Association have finalized plans to create the first NBA Foundation that will work to spur economic growth in the Black community, announcing Wednesday that the initial contribution will be $300 million over the next decade. Each team will donate $1 million annually, or $30 million collectively, over those 10 years. An eight-person Board of Directors will be installed, with four of those seats going to representatives from the board of governors, three seats to NBPA players and executives, […]

The post NBA Foundation created, pledges $300 million to Black growth appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
This Black Fact was brought to you by Association of Latino Professionals For America (ALPFA) Boston Professional Chapter

Martin Luther King Jr. Facts

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