PayPal

PayPal
PayPal has created a $500 million fund to support black and minority businesses by strengthening ties with community banks and credit unions serving underrepresented communities as well as investing directly in black- and other minority-led start-ups. Another $10 million was set aside for grants to assist black-owned businesses affected by Covid-19, with an extra $5 million to fund program grants and employee matching gifts for nonprofits working with black business owners. PayPal also pledged to put $15 million into efforts to create more robust internal diversity and inclusion programs.
96%
CONTRIBUTIONS
Dec 2021
$5,000,000
Investment
Invested thus far in PayPal’s Diversity, Inclusion, Equity and Belonging (DIE&B) programming, thought leadership and external engagement. This work includes additional investments into its Employee Resource Groups (ERGs), which provide community-building opportunities and help foster its culture of inclusion and belonging.
Dec 2021
$485,000,000
Investment
Investments from PayPal's Economic Opportunity Fund focused on increasing access to capital. Most recently, it deposited $135 million into mission-driven financial institutions and management funds that help underserved communities of color fight barriers to economic equity. It's also invested $50 million in 11 Black- and Latinx-led early-stage venture capital funds, bringing our total venture investing in Black and Latinx venture funds to $100 million.
Dec 2021
$5,000,000
Investment, Donation
Committed in grants to 20 leading nonprofits engaged in racial equity work and on-the-ground support for small businesses. In addition to granting funding to these organizations, PayPal's employee community contributed more than 600 employee volunteer hours – and through its support, the company served nearly 7,000 Black-owned businesses, 84% of which are still operational.
Dec 2021
$15,000,000
Investment, Donation
Committed in timely PayPal Empowerment Grants to close to 1,400 Black-owned small businesses that faced unprecedented challenges from the pandemic. 62% of awardees were women and 53% were sole proprietors. 90% of empowerment grant recipients are still operational.
Jan 1970
$0
$530,000,000