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\"The centuries long neglect and abuse of our Black brothers and sisters can only be addressed by scalable investment,\" the statement said. \"Corporate and private philanthropy can never achieve the impact needed to address these systemic inequities, but companies and individuals who are able must do what we can until our political leaders lead.\"

The first round of donations will include $200,000 each to Black Lives Matter LA, Black Futures Lab, Community Coalition, Equal Justice Initiative and Know Your Rights Camp.

The pledge comes in response to a week of nationwide protests following the death of George Floyd in May.

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