Edward Jones is making a $1 million contribution to the National Urban League and a $200,000 contribution to the St. Louis Urban League.
The purpose of the contribution is “to provide economic empowerment, educational opportunities and the guarantee of civil rights for people of color and underserved urban residents in America,” the St. Louis, Mo.-based company said in a release.
As part of what it described as a five-point commitment to address racism and positively impact opportunities for people of color, Edward Jones said it will also conduct an analysis of pay in its home offices to assess how associates are compensated and take any necessary actions.
It outlined the program’s five points: Giving everyone a voice; continuing its focus on equitable hiring, training, promotional practices and policies; conducting an analysis of pay; continuing racial-equity training and anti-racism personnel policies; and supporting organizations and programs important to its clients, colleagues and communities.
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