Pharrell Williams continues his career in philanthropy with his new non-profit Black Ambition. Pharrell announced the POC non-profit organization on Tuesday.
In a statement, Pharrell discussed the rise of discrimination and systematic racism in 2020 which motivated him to create an organization to support Latinx and Black entrepreneurs whose businesses revolve around tech, design, healthcare, consumer products, and service startups. The talented music composer is hoping to level out the playing field for minorities.
Pharrell wrote, “Recent events and tragedies have illustrated the always existent stark divisions in the American experience, and while entrepreneurship has long been a tenet of the American dream, marginalized people have faced long-standing barriers to success. With Black Ambition, the goal is to help strengthen the pipeline of talented entrepreneurs and close the opportunity and wealth gaps derived from limited access to capital and resources.”
Black Ambition is establishing its name by creating its own Black Ambition HBCU Prize.
This partnership focuses on allowing older and newer generations of HBCU students who are apart of Black/African/African American and/or Hispanic/Latinx racial groups to present their company for consideration. Once the heads finalize their decisions, the winner will receive a $1 million prize and nine of the other additional teams will receive smaller prizes to use towards their businesses.
Along with Pharrell William’s minority program, the Black Ambition’s advisory team gives support from The Bridgespan Group, which is a global nonprofit organization that handles nonprofits, philanthropists, and impact investors.
Black Ambition is also benefiting from this by receiving support from other brands that partner with Pharrell (Adidas and Chanel as well as the Chan Zuckerberg Initiative, the Rockefeller Foundation, Tony’s Chocolonely, and the Visa Foundation.) The organization is being given special donations from SV Angel, Jonah Peretti, and Ron Conway.
The Black Ambition was inspired by Pharrell who joined podcasting through his new OTHERtoneMedia network.
The podcast will drop on December 7th and be hosted by Pharrell, Scott, and Fam-Lay, as well as new episodes every Monday.
Subscribe to www.dirtysouthhiphop.tv TODAY