In 2020, Block announced its pledge to invest $100 million in minority and underserved communities. Making the pledge was the first step, followed by many more to create an investment process to fulfill it. We pulled insights from our journey to create this memo in the hope that other institutions looking to make similar commitments may find it a useful resource.
In this memo, you’ll find details on how we set parameters for our investment goals, coordinated with cross-functional teams within the company, sourced opportunities to make meaningful contributions, and continue to track our impact.
Square, Inc. changed its name to Block, Inc. on December 1, 2021.