Nike Pledges $40 Millionbr to Support Black Communities Nike recently announced their intention tobr support the Black community in America withbr $40 million in donations over the next four years. According to President and CEO of Nike John Donahoe, br the company's decision to contribute is duebr to the “events that have unfolded” recently. John Donahoe,br via statement Donahoe then directly identified the br “enormous suffering” felt by the Black community, br saying we need to “educate ourselves more deeply.” John Donahoe,br via statement Donahoe went on to say that the Nike Inc. familybr will “never stop striving” to act as an example ofbr how a “diverse company” should act. John Donahoe,br via statement The $40 million pledge willbr be shared between Nike,br Jordan Brand and Converse. The money will go towards supportingbr organizations that address social injustice, educationbr and racial inequality in the United States.