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Old 05-24-2021, 11:26 AM
 
2,974 posts, read 1,978,440 times
Reputation: 3337

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Quote:
Originally Posted by Adhom View Post
The answer is yes it's legal. Feel free to start your own fund targeting Jews only.
...they're way ahead of you... it's called 'ingroup preference'...nothing new

 
Old 05-24-2021, 11:30 AM
 
Location: Paradise
4,869 posts, read 4,166,243 times
Reputation: 7708
It would seem as a private company, they can choose to target a specific percentage of their programs to POC. College scholarships often do the same thing.

Government contracts sometimes also require a specific percentage of a contract be delegated to DBE companies.
 
Old 05-24-2021, 11:32 AM
 
Location: Honolulu, HI
24,452 posts, read 9,315,996 times
Reputation: 22810
When will they start giving grants based on being white?

Liberals want equality right?
 
Old 05-24-2021, 11:42 AM
 
Location: NMB, SC
42,663 posts, read 17,872,014 times
Reputation: 34717
Quote:
Originally Posted by lunetunelover View Post
It would seem as a private company, they can choose to target a specific percentage of their programs to POC. College scholarships often do the same thing.

Government contracts sometimes also require a specific percentage of a contract be delegated to DBE companies.
Unless, of course, you are a bakery and then you have no choice per the courts.
 
Old 05-24-2021, 11:45 AM
 
4,630 posts, read 1,930,078 times
Reputation: 4597
Nothing new here. go look at just about any School's website and look at available grants and scholarships there are lots that are raced based, especially the criteria of having to be black to apply. Been going on for decades. There was a story from years ago where a white kid created a scholarship for white only and it briefly gained some attention. The whole thing was set up to point out how wrong race based aid was.


https://abcnews.go.com/US/story?id=2674267&page=1
 
Old 05-24-2021, 11:47 AM
 
Location: Orange County, CA
2,367 posts, read 904,165 times
Reputation: 2301
Congress institutes programs for minorities. The US Dept of Education is giving college grants based on race. They call those programs for underrepresented groups. BoA probably gets some government credit for the business of color grant program.
 
Old 05-24-2021, 11:54 AM
 
Location: Sonoran Desert
39,024 posts, read 51,075,331 times
Reputation: 28217
There is nothing illegal about this. The bank is simply doing philanthropic giving (donation) to community organizations that assist "communities of color". It is no different than chick fil a giving money to anti-LGBTQ groups. It is up to the shareholders whether they support such giving or not.
 
Old 05-24-2021, 12:08 PM
 
Location: Raleigh NC
25,119 posts, read 16,146,620 times
Reputation: 14408
I think I'd read the article, and maybe a few of the links within it, before I passed judgement. Maybe that's just me.
 
Old 05-24-2021, 12:11 PM
 
608 posts, read 237,728 times
Reputation: 1084
I should be more enraged but, BoA was hot garbage juice long before Wokeism was a thing.
 
Old 05-24-2021, 12:17 PM
 
Location: Philaburbia
41,882 posts, read 74,938,731 times
Reputation: 66809
Stow the outrage. This is no different from any other charitable group deciding who it wants to give its money to.

Quote:
Originally Posted by NightZeroTX View Post
Explain or post a source on how it is legal.
Key words: Philanthropic dollars.

Did you read the article?

Quote:
Originally Posted by Du Ma View Post
It’s legal for give grants based on race?

What if BoA starts giving out loans to white people only?
Philanthropic grants and business loans are two separate actions, two separate pots of money, two separate lists of rules and regulations governing those actions.

You didn't read the article, either. Bank of America is not providing grants only to communities of color; it has granted additional donations toward communities of color.
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