Le Lézard
Classified in: Covid-19 virus
Subjects: NPT, BLK, CSR, NTA, DEI

Foot Locker, Inc and LISC announce funding for 16 organizations focused on advancing health, wealth, and upward mobility in BIPOC communities


NEW YORK, Jan. 13, 2022 /PRNewswire/ -- Foot Locker, Inc., through the Foot Locker Foundation, and the Local Initiatives Support Corporation (LISC) have announced grant funding for nonprofit community organizations that empower youth in Black, Indigenous, and people of color (BIPOC) communities.

Known as the Foot Locker Foundation Community Empowerment Program, the $3 million joint effort was announced last year to bridge gaps driven by racial inequity and promote youth empowerment and community wellness?all while supporting community-based organizations led by people of color.

For both LISC and Foot Locker, Inc., this funding is part of larger national efforts focused on economic opportunity and racial equity. The program draws from Foot Locker, Inc.'s $200 million commitment to its Leading Education and Economic Development (LEED) initiative, which is focused on fueling education and economic opportunity within the Black community. It also connects to LISC's Project 10X strategy to break down systemic barriers and support racial justice.

In this first round of funding of $1.26 million, LISC and Foot Locker, Inc. identified 16 high-impact programs across 12 metro areas. A second round of funding is planned for spring 2022.

"Creating a more equitable future begins with meaningful investments at the community level," said Richard Johnson, chairman and CEO of Foot Locker, Inc. "For too long, community organizations led by people of color and the youth they serve have been underinvested in and overlooked. Through LEED and the Community Empowerment Program, we are providing local nonprofits the tools and resources they need to expand their impact. These organizations have a deep connection to the communities they serve and understand the issues they face. With this support, these local groups can advance opportunities for youth in their communities and build a stronger future."

The funded programs range from construction training for young adults to after-school programming for middle school kids to social-emotional counseling for teens. They are inclusive of mentorship, career development, education support, life skills and civic engagement.

The grants also respond to the philanthropic gap facing BIPOC-led organizations. In fact, a 2020 assessment from The Bridgespan Group and Echoing Green found that Black-led nonprofits, like those included among the grantees, had unrestricted net assets that were 76 percent lower than those of White-led groups, making it more difficult to operate their organizations and grow their impact.

"The past few years have been difficult for young people?particularly in Black and Brown communities that have been disproportionately impacted by the pandemic," noted LISC CEO Lisa Glover. "In establishing this program, Foot Locker, Inc. has recognized the ongoing impact of systemic racism, prioritized the needs of teens and young adults, and committed capital to on-the-ground strategies that directly address the local challenges. We are grateful for their thoughtful engagement in these important issues."

The 16 organizations funded by the Community Empowerment Program have been awarded grants ranging from $25,000-$100,000 each, depending on the programs being supported. They include:

About Foot Locker, Inc.?
Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands including Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep. With approximately 3,000 retail stores in 28 countries across North America, Europe, Asia, Australia, and New Zealand, as well as websites and mobile apps, the Company's purpose is to inspire and empower youth culture around the world by fueling a shared passion for self-expression and creating unrivalled experiences at the heart of the global sneaker community. Foot Locker, Inc. has its corporate headquarters in New York. For additional information, please visit https://www.footlocker-inc.com.  

About LISC
LISC is one the country's largest community development organizations, helping forge vibrant, resilient communities across America. We work with residents and partners to close systemic gaps in health, wealth and opportunity and advance racial equity so that people and places can thrive. Since our founding in 1979, LISC has invested $24 billion to create more than 436,320 affordable homes and apartments and develop 74.4 million square feet of retail, community and educational space. For more, visit www.lisc.org.

 

SOURCE Local Initiatives Support Corporation (LISC)


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