Philanthropy

Jay Z’s Tidal Donates $1,500,000 to Black Lives Matter

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Jay Z’s fledgling music-streaming platform, Tidal, is donating $1.5 million to Black Lives Matter and several other local and national social-justice organizations from money raised at an October concert, reports Mic.

The announcement was made Friday, the same day Trayvon Martin would have turned 21 years old. The Trayvon Martin Foundation will receive a portion of the funds.

Tidal raised the money at its Tidal X: 10/20 charity concert at Brooklyn, N.Y.’s Barclay Center. The live-streamed show featured Jay Z, Beyoncé, Nicki Minaj, Lil Wayne, Meek Mill, Usher, T.I. and Damian Marley, among others. The October concert was billed as a fundraiser for the New World Foundation, which will distribute the funds.

The nonprofits that will share the bounty include national organizations such as Opportunity Agenda and Sankofa.org, as well as local grassroots groups such as Hands Up United in Ferguson, Mo.; Dream Defenders in Tallahassee, Fla.; the Black Youth Project 100 in Chicago; the Baltimore Justice Fund; the Ohio Students Association; and Million Hoodies and the Justice League in New York City.

Donations will also be given to organizations created by the families of victims of police brutality, including the Michael O.D. Brown We Love Ours Sons and Daughters Foundation and the Oscar Grant Foundation, in addition to the Trayvon Martin Foundation.

According to Mic, Tidal’s group of artist-owners took part in deciding which organizations would receive funding. Grants are reportedly being disbursed this month.

source theroot.com

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