• Loading stock data...
Wednesday, January 15, 2025

Alicia Keys, NFL Launch $1 Billion Fund for Black-Owned Businesses

  • Keys performed at the NFL Kickoff concert Sept. 10.
  • The NFL partnered with Keys’ management agency, Roc Nation, in 2019.
Alicia Keys, NFL Launch $1 Billion Fund for Black-Owned Businesses
Robert Hanashiro-USA TODAY

Alicia Keys’ Sept. performance to kick off the 2020 NFL season didn’t just mark the dawn of a season unlike any other — it signaled the beginning of a new partnership between Keys and the league. 

The parties are coming together to launch a $1 billion endowment for Black-owned businesses and communities, Billboard reported

The 15-time Grammy-winner Keys told Billboard that the fund is meant to be a way to “help transform the protests and words of solidarity that have poured out in the past months into tangible action and support for the Black community.” She also wants the action to be something that goes “beyond” a one-time donation and will grow after the initial endowment.

Today, I will be doing something I never thought I would do again. I’m performing for the NFL Kickoff event,” Keys — who also performed “Lift Every Voice and Sing” during Thursday Night Football — wrote in a letter announcing the endowment. “My initial reaction was to decline because of some of the NFL’s past decisions. Yet I realized I HAVE to use my platform, we all need to use our platforms, every chance we get to press for racial equity.”

Additional partners and contributors to the fund beyond Keys and the NFL were not disclosed, Billboard reported, but organizers are looking to create a “multi-sector contributor field.”

“The initial goal of $1 billion is to ensure a substantial commitment,” Keys told Billboard. “Even with that it does not come close to closing the economic gap. The next steps are to reach out to different industries to invite them to invest in racial justice and create a multi-billion dollar endowment across business sectors.”

“We are pushing for an aggressive agenda to meet the urgent need of proper access, opportunity and inclusion,” Keys added in the letter. “I am personally committed to creating meaningful conversations to hold corporations and institutions accountable for their contributions to racial justice.”

In August 2019, the Jay-Z-founded agency Roc Nation, which manages Keys, entered a multi-year partnership with the NFL to “enhance the NFL’s live game experiences and to amplify the league’s social justice efforts.” As part of the deal, Roc Nation is advising the league on the selection of artists for major NFL performances, like the Super Bowl — and presumably the Kickoff event. 

Keys was the halftime performer at Super Bowl Super Bowl XLVII.

According to the announcement last year, a major component of the partnership is to “nurture and strengthen community through football and music.” Roc Nation is also involved in the NFL’s Inspire Change program, which in partnership with the NFL Players’ Association is committing $250 million to social justice causes.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Mar 5, 2024; Houston, Texas, USA; Houston Rockets owner Tilman Fertitta smiles during the third quarter against the San Antonio Spurs at Toyota Center.

Cubs, Mavs, Rockets Owners Co-Hosting Trump Reception With Zuckerberg

Owners of three sports teams are teaming up for an inauguration party.
Apr 7, 2022; Atlanta, Georgia, USA; A general view of fans outside of Truist Park before the game on Opening Day between the Atlanta Braves and Cincinnati Reds.

Philly Rips Page From Rival Playbook With Sports Complex Revamp

Philadelphia’s mayor frequently touts the influential Braves development.
Ohio State quarterback Will Howard (18) yells instructions to his team during the College Football Playoff semifinal game against the Texas Longhorns in the Cotton Bowl at AT&T Stadium on Friday, Jan. 10, 2024 in Arlington, Texas.

CFP Semifinals TV Ratings Drop 17% in 12-Team Format’s First Year

This year’s semifinal games averaged 19.2 million viewers on ESPN.

Featured Today

Race leader and eventual stage winner Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) in the final kilometer up the finish climb of stage 19 from Logroño to Alto De Moncalvillo (ESP/168km) of the 79th La Vuelta Ciclista a España 2024 on 6 September. // Kristof Ramon / Red Bull Content Pool // SI202409060905 // Usage for editorial use only //Primož ROGLIČ (SVN/RedBull-Bora-Hansgrohe) congratulated by teammate Florian LIPOWITZ (DEU/RedBull - BORA - hansgrohe) after a very strong stage 13 from Lugo to Puerto De Ancares (ESP/171km) of the 79th La Vuelta Ciclista a España 2024 on 30 August

Red Bull Is on a Hot Streak in Sports. Can It Win..

The company is betting on a big future in cycling.
Ohio State Buckeyes defensive end Jack Sawyer (33) knocks the ball out of the hands of Texas Longhorns quarterback Quinn Ewers (3) and returns the fumble for a touchdown in the fourth quarter of the Cotton Bowl Classic during the College Football Playoff semifinal game at AT&T Stadium in Arlington, Texas on January, 10, 2025.
January 11, 2025

College Football Is Closer Than Ever to Perfecting the Championship Process

Despite valid criticisms, the first expanded Playoff is working.
Jan 2, 2025; New Orleans, LA, USA; Notre Dame Fighting Irish head coach Marcus Freeman (R) reacts on the sidelines in the final minute against the Georgia Bulldogs during the fourth quarter at Caesars Superdome.
January 9, 2025

Amid Realignment Mania, Notre Dame Stayed Independent. It Paid Off

How the CFP semifinal-bound Fighting Irish made their business model work.
Ohio State wide receiver Jeremiah Smith (4) celebrates a first-down catch against Oregon during the 2025 Rose Bowl in Pasadena, Calif.
January 3, 2025

The Biggest Changes to College Sports Are Coming in 2025

Sweeping developments could affect the college sports foundation this year.
FIFA

Saudis Awarded 2034 World Cup in Uncontested Vote

Saudi Arabia was the only option after Australia decided not to bid.
May 20, 2024

Top Sports Business Jobs This Week (May 2024)

Each week, our staff combs through the thousands of job listings from…
The stands at the Solheim Cup
September 13, 2024

LPGA Apologizes for Solheim Cup Fan Bus Debacle That Left Stands Half-Empty

The USA-Europe women’s team golf event teed off Friday morning.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
October 3, 2022

Real Madrid President Renews Call for Super League

Real Madrid’s president believes that soccer is losing ground.
August 10, 2022

PGA Tour Touts Projected Earnings to Keep Players

The PGA Tour is asking its players to consider their potential futures.
August 10, 2022

Bayern Munich to Make Growth Push in U.S. Market

Bayern Munich is looking to expand its reach in the U.S.
Nintendo-logo
August 3, 2022

Nintendo Profits Underwhelm, Switch Sales Decline

Nintendo failed to meet expectations in the company’s latest earnings report.