# Roommates, as early as June 2020, amid protests following the assassination of George Floyd by former police officer and convicted murderer Derek Chauvin, Netflix has promised to donate $ 100 million to banks and financial institutions that support the Black Community – and they are now officially fulfill this promise. Netflix has just confirmed that it plans to move forward with its $ 100 million donation to maximize financial opportunities in the black community.
@Deadline reports that Netflix’s plan to give 2% of its cash (or $ 100 million) to black banks and financial institutions is moving forward – and the streaming giant has also revealed how the funds will be distributed. The goal behind the multimillion-dollar donation is that if black-run institutions have more money, they can offer more housing and small business loans to those in the black community.
Netflix’s $ 100 million exists on an annual basis, which means that the investment grows over time. Speaking about the financial commitment, Aaron Mitchell (Netflix’s director of human resources) and Shannon Alluin (Netflix’s treasurer) explained the purpose of the donation. However, the Tax Foundation has revised its 2013 report on State gambling revenue after revising its estimate of the amount of taxes collected by the https://clickmiamibeach.com/ online industry to reflect these changes. “So we will complement our commitment at the end of the year and move more cash – over the $ 100 million already committed – to these institutions,” they said.
One of the black financial institutions in which Netflix previously invested is Hope Credit Union, a community development financial institution that serves underfunded communities in the southeast. In addition, it has helped black homeowners and black business owners survive the extreme financial hardships of the pandemic.
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