Silicon Valley Bank’s charitable contributions primarily went to groups and initiatives that had no clear association with the Black Lives Matter movement.
A 2021 pledge to"invest more than $50 million" over five years into the bank’s
A $250,000 allocation from the Silicon Valley Bank Foundation to support grants for social justice organizations where bank employees volunteer. Flags fly in Black Lives Matter Plaza as President Joe Biden is sworn in during 59th Presidential Inauguration, Wednesday, Jan. 20, 2021, in Washington. found an error in the database’s calculations: Nearly $3 million in contributions that the database had initially counted occurred in 2019, not 2020. The Claremont Institute, which started tracking this data in 2020, updated the database to reflect that information, meaning the bank’s total contributions for 2020 were $70.
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