Foot Locker, Inc and LISC announce funding for 16 organizations
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.
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.
Locker, Inc. identified 16 high-impact programs across 12 metro
areas. A second round of funding is planned for spring 2022.
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.
Mentorship program that matches students with committed
mentors for 13 weeks of engagement each spring.
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