Sony Music Group (SMG) has announced that more than 90 new international, national and regional community organizations will receive $ 100 million in funding from SMG’s Global Social Justice Fund.
SMG said the rollout was part of its “global commitment to addressing inequality and injustice around the world”.
Sony Music Group announced its $ 100 million fund last June.
Today’s announcement marks the third round of funding from the SMG Global Social Justice Fund.
Overall, with today’s announcement, the fund has helped expand the programs of more than 300 global organizations.
Funding recipients have so far included the Fondo Guadalupe Musalem in Brazil, Pour 3 Points in Canada, Key4Life and the Young Urban Arts Foundation in Great Britain, as well as the Advancement Project and Race Forward in the USA.
SMG said today (May 10) that the recipients funded in the last round included “community partners who help advance impartial solutions in civic engagement, criminal justice reform, educational programming and youth advocacy.”
These organizations, SMG said, will have an impact on communities across the African continent, Australia, Canada, the Latin America region, New Zealand and the UK. and the USA.
SMG added in a media release: “All Global Social Justice Fund beneficiaries will be selected by a diverse, global advisory committee that represents the departments of Sony Music Group.”
Towalame Austin of Sony Music Group, Executive Vice President of Philanthropy and Social Impact, said in a new interview, “For me, the Global Social Justice Fund is a way Sony Music shows hope and a strong commitment to the fight against systemic racism. I’ve seen firsthand how the company is determined to drive support through philanthropic endeavors, both financially and through action through authentic partnerships and community engagement.
“Allocating the $ 100 million was just the first step in saying that enough is enough! If you’re a company like Sony Music and your artists, songwriters, and employees live in communities facing injustice around the world, you need to take an attitude to show that you have long-term commitment to this work. “
“This round of financing is our most diverse and extensive to date.”
Towalame Austin, Sony Music Group
Austin added, “This funding round is our most diverse and extensive to date. From the selected organizations to the affected countries and regions, our task forces have done an incredible job in sourcing critical issues and supporting development programs for vulnerable local communities.
“This funding round will specifically support charities that focus on programs for education, civic and community engagement, civil rights reform and social justice, youth advocacy, LGBTQ + initiatives, preservation of cultural and historical institutions, and mental health and wellness programs. Sony Music Group is represented in more than 60 countries and this final round brings us closer to serving all of these communities. “
The breakdown of the allocation organization in round three is as follows:
- 24% educational initiatives
- 23% citizen and community engagement programs
- 21% civil rights and social justice organizations
- 17% youth organizations
- 15% additional programs for equality, culture and wellness
All non-profit partners of the SMG Fund are divided into the following pillars: civic engagement, criminal justice reform and education.
Under the leadership of Chairman Rob Stringer, the Sony Music Group has both Sony Music and Sony Music Publishing in its ranks.Music business worldwide