NBA Foundation created, pledges $300 million to Black growth
![](https://res.cloudinary.com/graham-media-group/image/upload/f_auto/q_auto/c_scale,w_400/v1/media/gmg/DYHE3K4KEZGIHPQU44ADPA2BLQ.jpg?_a=AJFJtWIA)
The NBA board of governors and the National Basketball Players Association have finalized plans to create the first-ever 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.
![](https://fee.org/media/37825/dinwiddie.png?anchor=center&mode=crop&width=1200&rnd=132380894630000000)
NBA Player Stuns with Controversial Social Justice Statement—on Economics - Foundation for Economic Education
![](https://cdn.blackfacts.com/uploads/blackfacts/facts/2020/06/47abe853-caab-4576-a184-82b8ae39048b1.png)
Emmitt Smith
![](https://cdn.nba.com/manage/2023/11/WRLD-89-784x523.jpg)
NBA Foundation announces newest round of grantees for Giving Tuesday
![](https://res.cloudinary.com/graham-media-group/image/upload/f_auto/q_auto/c_thumb,w_700/v1/media/gmg/RDLWCBLNDNC2FFG4GPS52X5FBI.jpg?_a=ATAPphC0)
Board_of_Governors
![](https://res.cloudinary.com/graham-media-group/image/upload/f_auto/q_auto/c_thumb,w_700/v1/media/gmg/7RUTMHXYXVF4ZAKPBE7JJR6YAM.jpg?_a=ATCqVhC0)
Board_of_Governors
![](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2020/08/1024/512/NBA-Court.jpg?ve=1&tl=1)
NBA pledges $300M toward economic development in Black communities
Board_of_Governors
![](https://res.cloudinary.com/graham-media-group/image/upload/f_auto/q_auto/c_thumb,w_700/v1/media/gmg/XJDSXYC5ZNDNJII3QL62C6FEM4.jpg?_a=ATCqVhC0)
Oklahoma_City_Thunder
![](https://res.cloudinary.com/graham-media-group/image/upload/f_auto/q_auto/c_scale,w_400/v1/production/public/MLULRYRL2ZHZVCA4GCIRPB3YBA.jpg?_a=AJFJtWIA)
Oklahoma_City_Thunder
![](https://www.sportspromedia.com/wp-content/uploads/2021/06/nbafund.jpg)
NBA creates US$300m fund to support black communities - SportsPro
![](https://res.cloudinary.com/graham-media-group/image/upload/f_auto/q_auto/c_thumb,w_700/v1/media/gmg/4IRWKGGVFVAZFIDINFVR6DGHMI.jpg?_a=ATO2Bfe0)
Torrey_Craig
![](https://www.etonline.com/sites/default/files/images/2020-08/blm_gettyimages-1263168790_1280.jpg)
NBA Player Stuns with Controversial Social Justice Statement—on Economics - Foundation for Economic Education