For far too long, Black people in America have faced deep-seated injustice and systemic economic inequality. Black lives matter and we need to drive transformative change. We must take decisive action to close the racial wealth gap that sustains this profound inequity.
Dan Shulman
(PayPal President & CEO - PayPal) June 11, 2020
Commitments
ProgramPractice
PayPal commits to a $5 million fund for program grants and employee matching gifts for PayPal’s nonprofit community partners that are working to strengthen Black business owners. The fund will be providing them with microloans, technical assistance, information, mentoring, and access to digital solutions to speed their recovery from the impact of the pandemic.
The company made a $500 million commitment to create an economic opportunity fund to support and strengthen Black and underrepresented minority businesses and communities over the long term and designed to help drive financial health, access, and generational wealth creation. This initiative will include bolstering the company’s relationships with community banks and credit unions serving underrepresented minority communities, as well as investing directly into Black and minority-led startups and minority-focused investment funds.
PayPal is committing $15 million to strengthen its internal diversity and inclusion programs to foster greater awareness, build equity, and support recruiting, hiring, and career advancement of Black and minority employees. This also includes increased funding for the company’s employee resource groups as well as supporting community partners through pro bono work and secondments by its employees.
Partnerships
Association for Enterprise Opportunity
PayPal committed to a $10 million fund for empowerment grants to Black-owned businesses impacted by COVID-19 or civil unrest. These grants will provide direct support to business owners to cover expenses related to stabilizing and reopening their businesses. The fund will be managed in partnership with Association for Enterprise Opportunity, a leading national nonprofit expanding economic opportunity for Black entrepreneurs through its Tapestry Project. Interested businesses can apply for a grant at aeoworks.org/paypalgrant/.
Highlights
In December 2020, PayPal announced an additional $5 million in Empowerment Grants for Black-owned small businesses as the COVID crisis continued, bringing the total amount committed to $535 million.
These funds have been put into action to support underserved communities and businesses. These efforts include:
This course provides learners with a self-paced, flexible format to complete the coursework over a period of two months.** **A $50 charge will be assessed for each additional month requested to complete the course over the two-month period allotted.
Volume pricing may be negotiated contingent upon the TOTAL number of registrants.
Digital badges will be awarded to learners who successfully complete the online learning course and submit their individual planning form as required.
In these workshops, learners will have access to the online course and participate in two (2) three-hour facilitated virtual sessions to help them dive deeper into the online content.
**Pricing is for virtual workshops only. Hybrid workshop pricing will be provided on request and will include the associated travel costs.
The Facilitated Workshops require a minimum of 12 people and maximum of 24 ppl. Multiple workshopsmay be required dependent on the total number of participants.
Volume pricing may be negotiated contingent upon the TOTAL number of registrants.
In-person workshops will be scheduled contingent upon public health guidance regarding COVID-19.
Digital badges will be awarded to learners who successfully complete the online learning course andsubmit their individual planning form as required.
Using the Facilitated Workshop format as a base, this model adds small peer group sessions that serve as a space to deepen the connection among team members, where they can share and learn from individual EDI experiences.
**Pricing is for virtual workshops only. Hybrid workshop pricing will be provided on request and will include the associated travel costs.
The Peer Group Coaching Experience requires a minimum of 12 people and maximum of 24 ppl. Multipleworkshops may be required dependent on the total number of participants.
Volume pricing may be negotiated contingent upon the TOTAL number of registrants.
In-person workshops and coaching sessions will be scheduled contingent upon public health guidanceregarding COVID-19.
Digital badges will be awarded to learners who successfully complete the online learning course andsubmit their individual planning form as required.
With this course’s flexible, self-paced format, learners should be able to complete this coursework within two months**.
**A $25 charge will be assessed for each additional month requested to complete the course over the two-month period allotted.
Volume pricing may be negotiated contingent upon the TOTAL number of registrants.
Digital badges will be awarded to learners who successfully complete the online learning course and submit their individual planning form as required.
In this in-person workshop, master facilitators lead participants in exercises to learn about EDI concepts, challenge their assumptions, encourage deep listening, in addition to creating the brave spaces necessary to support individual and organizational perspective transformation.
**Pricing is for in-person workshops only; travel expenses will be billed separately. Hybrid workshop pricing will be provided on request, and will include the associated travel costs.
The two-day workshop requires a minimum of 20 people and maximum of 30 ppl. Multiple workshopsmay be required dependent on the total number of participants.
Volume pricing may be negotiated contingent upon the TOTAL number of registrants.
In-person workshops will be scheduled contingent upon public health guidance regarding COVID-19.
Digital badges will be awarded to learners who successfully complete the online learning course andsubmit their individual planning form as required.
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Developed primarily for C-Suite Executives and Board Members, this format grounds participants in foundational EDI principles and helps them reflect on their individual and collective equitable leadership frameworks and approaches.
**Pricing is for virtual workshops only. In-person workshop pricing will be provided on request, and will include the associated travel costs.
Executive Workshop requires a minimum of 12 people and maximum of 24 ppl. Multiple workshops may be required dependent on the total number of participants.
Volume pricing may be negotiated contingent upon the TOTAL number of registrants.
In-person workshop will be scheduled contingent upon public health guidance regarding COVID-19.
Digital badges will be awarded to learners who successfully complete the online learning course andsubmit their individual planning form as required.
