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NBA Foundation created, pledges $300 million to Black growth

by AP Basketball Writer
| August 5, 2020 4:27 PM

LAKE BUENA VISTA, Fla. (AP) — The NBA's Board of Governors and the National Basketball Players Association have finalized plans to create the first NBA Foundation that will work to spur economic growth in the Black community, announcing Wednesday that the initial contribution will be $300 million over the next decade.

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