Michael Jordan and the Jordan Brand are giving US$100 million ($154 million) to organisations dedicated to promoting racial equality and social justice.
In a joint statement Saturday on social media, Jordan and the Jordan Brand said money will be paid over 10 years with the goal of "ensuring racial equality, social justice and greater access to education."
"Black lives matter," the statement said. "This isn't a controversial statement. Until the ingrained racism that allows our country's institutions to fail is completely eradicated, we will remain committed to protecting and improving the lives of black people."
READ MORE:
• Basketball: Michael Jordan The Last Dance - Scottie Pippen livid at documentary portrayal
• Basketball: The Last Dance - Michael Jordan's 'train wreck' Hall of Fame speech
• Six things you didn't know about the Michael Jordan documentary, The Last Dance
• Michael Jordan The Last Dance: Six alleged lies told in documentary
Jordan, the 57-year-old former Chicago Bulls great, is the owner of the Charlotte Hornets. The Jordan Brand is a subsidiary of Nike, the shoe giant that earlier committed $NZ61 million over the next four years to support the black community.