Capital One's Pledge to Social Justice for Black Communities
Committing $10 million and establishing a dollar-for-dollar associate gift matching program
June 5, 2020
Black lives matter.
Today, Capital One is announcing an initial pledge of $10 million to organizations advancing the cause of social justice for Black communities. This pledge builds on our recent commitment of $50 million to support long-standing non-profit partners struggling to pursue their core missions in the face of the COVID-19 pandemic, including many organizations dedicated to meeting the most pressing needs of the Black community.
As a company, we have been inspired by the outpouring of passion, interest and ideas from associates to contribute, collectively and substantively, to efforts to make a difference. To support these goals, we are establishing a new associate gift matching program. From now until June 30, Capital One will match, dollar-for-dollar, donations made by associates to the organizations below:
- Campaign Zero
- Equal Justice Initiative
- National Urban League
- Race Forward
- Black Health Alliance – Canada
- Runnymede Trust – UK
In addition to this matching program, we are making new investments in two national organizations dedicated to the fight for racial equity and justice, including building on our successful partnership with the National Urban League and establishing a new relationship with the Obama Foundation. We continue to explore additional opportunities for meaningful partnerships on this critical issue.
Capital One has long committed to creating and fostering a safe, diverse, and inclusive workplace. Our community and philanthropic endeavors are closely integrated with our core business activities: advancing socioeconomic mobility through support of financial well-being; developing the diverse workforce of the future; financing affordable housing and small business creation; and expanding digital access. These efforts include:
- Our five-year commitment of over $250 million to support our Future Edge and other community giving initiatives, which includes vital national and local partners like LIFT, Year Up, Dressed for Success, and Robin Hood
- Over the past decade, becoming the largest Community Development lender in the country, with over $40 billion in loans to consumers and small businesses in Black and LMI communities, and $13.2 billion in financing for over 140,000 affordable housing units across our branch and Cafe footprint
- Serving our communities through more than 400,000 hours of associate volunteerism each year, including innovative skills-based pro bono programs like Black Girls Code that leverage the exceptional talents of our associates
Recent events in America are a sobering reminder of our country’s long and troubled history of racial inequality and injustice. Through these commitments, we hope to harness the sadness, anger, and energy of these difficult times to elevate the discussion, drive positive change, and create a sense of shared purpose and understanding.