$793,725,000 was donated or pledged by these companies between 2020 and the present date.
U.S. Bancorp pledged the highest donation among area organizations and businesses, claiming to commit $503,000,000 to the Black Lives Matter movement.
Of the eight organizations which pledged to donate to Black Lives Matter in recent years, five of them were confirmed to have fulfilled their pledge and actually donated the amount of money they said they would. It's unclear or unknown if the other organizations followed through with their pledges.
Organizations from Hennepin Who Donated to the Black Lives Matter Movement
| Organization | Donated amount | Details |
|---|---|---|
| U.S. Bancorp | $503,000,000 | "U.S. Bancorp on Friday said it will pledge $116 million across its footprint this year to address long-standing social and economic inequities in the markets it serves and broaden opportunities for people of color. The nation’s fifth-largest bank — whose hometown of Minneapolis became the epicenter of civil unrest following the May 25 death of George Floyd at the hands of police — said it will provide $100 million in additional capital to African American owned and operated businesses and organizations; create a $15 million fund through the U.S. Bank Foundation that provide grants to ease systemic economic and racial inequities in small business, affordable housing and workplace development for people of color nationwide; and give $1 million toward the launch of a community development financial institutions partnership program to award grants and commercial loans to organizations." U.S. Bancorp "provided more than $197 million in capital to Black-owned or -led businesses and organizations through U.S. Bancorp Community Development Corporation (USBCDC), the community investment and tax credit division of the bank. This included its $25 million supporting more than 30,000 women of color owned microbusinesses over three years." U.S. Bancorp also "made $305 million in loan commitments to Community Development Financial Institutions (CDFIs) during 2021, bringing USBCDC’s total of debt capital support to more than $485 million since 2016. CDFIs play a critical role in bringing investment and resources to underserved communities and those who may not be eligible for traditional small business financing, with a focus on women and minority-owned businesses and low-to-moderate income communities." Additionally, U.S. Bancorp received a $65 million New Markets Tax Credit (NMTC) allocation that will help finance community investments in projects that support racial equity; invested in more than 260 Black leaders who completed McKinsey Black Leadership Academy development training; spent $199 million with Black suppliers in 2021 and forged new relationships with dozens of Black suppliers; reopened its West Broadway branch and South Minneapolis branch at 919 E. Lake Street, which were both damaged during the civil unrest in 2020 (the company also opened a new East Lake Street branch at 3600 E. Lake Street, donating its 2800 Lake Street building to nonprofit Seward Redesign for future development based on community needs); and expanded it inclusive hiring efforts to ensure it has at least one woman or person of color candidate for open roles at all levels as well as for interview panels. |
| U.S.A Bank | $116,000,000 | $100M Fund to address social and economic inequalities. $15M fund to award community grants to organizations dedicated to addressing economic and racial inequality. $1M CDFI partnership program. |
| Target Corporation | $110,000,000 | Pledged $10M across various social justice organizations and $100M to Black communities. Partnered with OneTen. |
| General Mills, Inc. | $40,750,000 | At least $40M in donations toward education equity between 2016 and 2020. After 2020, General Mills reoriented its Box Tops program toward racial equity. $500k donation to Black Men Teach. $250k co-invested with the Minneapolis Foundation as part of their Reimagine Education initiative to support local nonprofit and educational organizations to increase equity. |
| Cargill, Incorporated | $10,000,000 | Partnered with OneTen. Launched Black Farmer Equity Initiative. Donated $10M in 2020 to "support Black, Indigenous and people of color (BIPOC) children and families in our headquarters community of Minneapolis-St Paul, the United States and beyond through education, mentoring, nutrition and digital access programs." |
| UnitedHealth Group Incorporated | $10,000,000 | Includes $5M contribution to the YMCA Equity Innovation Center of Excellence in memory of Floyd. Established a trust fund for Floyd's family. |
| Thrivent | $3,000,000 | Pledged $3M for community change. No specifics provided, but announcement woke in tone. |
| C.H. Robinson Worldwide, Inc. | $975,000 | Includes donations to the Center for Economic Inclusion, Minneapolis Rapid Response Coalition, NAACP Legal Defense and Education Fund, Northside Achievement Zone, Northside Funders Coalition Urban League, Human Rights Campaign Foundation, Minnesota Business Coalition for Racial Equity, National Urban League, Transgender Law Center, and the UNCF. Donations breakdown from employee charitable gift matching program not disclosed and therefore not included. |
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