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Walt Disney Company pledges $5 million to support nonprofits that support social justice

$2 million will go to the NAACP

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The logo for The Walt Disney Company appears above a trading post on the floor of the New York Stock Exchange, Tuesday, Feb. 25, 2020. Disney CEO Bob Iger, who steered the company through successful purchases of Star Wars, Marvel and Fox’s entertainment businesses, is stepping down immediately, the company said in a surprise announcement Tuesday. (AP Photo/Richard Drew)

The logo for The Walt Disney Company appears above a trading post on the floor of the New York Stock Exchange, Tuesday, Feb. 25, 2020.

Richard Drew, Associated Press

The Walt Disney Company has pledged $5 million to support nonprofit organizations that advance and support social justice amid nationwide protests over the death of George Floyd, racial injustice and police brutality.

What’s the news:

  • Walt Disney said it will give $5 million to support nonprofits.
  • $2 million will be sent to the NAACP to further social justice and eliminate racial disparity.
  • Walt Disney Company CEO Bob Chapek said: “The killing of George Floyd has forced our nation to once again confront the long history of injustice that black people in America have suffered, and it is critical that we stand together, speak out and do everything in our power to ensure that acts of racism and violence are never tolerated. This $5 million pledge will continue to support the efforts of nonprofit organizations such as the NAACP that have worked tirelessly to ensure equality and justice.”
  • Disney said it has supported groups that “advocate for and empower communities of color, including the NAACP, whose mission is to ensure a society in which all individuals have equal rights without discrimination based on race” for years.

Context:

  • Disney’s announcement comes as the nation protests over the death of Floyd, an unarmed black man who died after a white police officer knelt on his neck. Protests ranged coast-to-coast, hitting Los Angeles, New York and Salt Lake City.