“Brooklyn Nets owners Joe Tsai and Clara Wu Tsai have pledged $50 million to social justice and economic equality initiatives to support Black, Indigenous, and People of Color [BIPOC].
The eight-figure sum, which the Tsais’ charitable foundation will commit over the next 10 years, is part of a five-point action plan the couple, who also own the WNBA’s New York Liberty and the Barclays Center in Brooklyn, unveiled on Tuesday.
‘Joe and I are proud to present our statement of core principles and action plan as a continuation of our efforts to address racial injustice and economic inequality in our society,’ Wu Tsai said in a news release. The Tsai’s were not available for additional comment.
‘We plan to focus first on our organizations and our community in Brooklyn,’ she said. ‘We believe Barclays Center, the Nets, and the Liberty can be symbols of how we move forward together as a country. It is our hope to lead by example through supporting our athletes, employees, and our community in anti-racist and anti-discrimination work and providing the resources needed to accelerate change.’”
View the whole story here: https://www.barrons.com/articles/joe-tsai-and-clara-wu-tsai-donate-50-million-to-social-justice-and-economic-quality-for-bipoc-01598471184