We are making investments in communities across the United States that help create opportunity, advance equity and encourage economic growth.
Investing in small business growth in BIPOC communities
In 2021, Starbucks created a $100M Community Resilience Fund that is designed to support small business growth and community development projects in BIPOC communities. The initial investments are focused on 12 U.S. metropolitan areas and surrounding regions: Atlanta, Detroit, Houston, Los Angeles, Miami, Minneapolis, New Orleans, New York City, Philadelphia, San Francisco Bay Area, Seattle and Washington, D.C.
“This partnership with Starbucks will make a long-lasting positive impact in our communities ensuring that more business owners than ever have access to what they need to succeed and attain financial stability.” – Gustavo Lasala, Chief Executive Officer, PeopleFund
- As of January 2022, we have allocated $21 million to 7 local lenders.
- The Community Resilience Fund represents an exponential expansion of our 2019 commitment to invest $10 million in four Chicago-based community development financial institutions (CDFIs).
Learn more about the Starbucks Community Resilience Fund here.
Increasing the diversity of Starbucks suppliers
Within its own supply chain, Starbucks has expanded goals to spend $1.5 billion annually with diverse suppliers by 2030.
- Since the launch of the Starbucks Supplier Diversity and Inclusive Initiative in 2001, we’ve cumulatively spent nearly $8 billion, with more than 600 diverse-owned businesses now in our program.
- We’ll continue our commitment to include diverse minority-owned suppliers in all requests for proposals.
- As part of this commitment in our supply chain, Starbucks will also allocate 15 percent of its paid media investment with minority-owned and targeted media companies, reaching diverse audiences.
Learn more about how to become a supplier for Starbucks here.
Advancing equity for BIPOC communities
Supporting BIPOC youth
In 2020, The Starbucks Foundation committed to invest $5 million in nonprofits that serve Black, Indigenous and People of Color (BIPOC) youth. The first group of nonprofit grant recipients included Big Brothers Big Sisters of America, Boys & Girls Clubs of America, City Year, Junior Achievement USA and The National Mentoring Partnership (MENTOR). As of this winter, The Starbucks Foundation has allocated more than $5 million across these organizations. Grants have reached 100,000 young people since 2020. Read more here.
Supporting Black-led nonprofits and nonprofits serving Black and Indigenous communities
In 2020, The Starbucks Foundation distributed 400+ Neighborhood Grants to nonprofit organizations focused on supporting organizations that are Black-led and/or serve Black and Indigenous communities. These groups are dedicated to promoting economic mobility and opportunity, health and social services and youth.
“The more opportunities we can give young people to use their voice, the more opportunity we have to connect with them on other topics.” — Jasiri, 1Hood staff and Neighborhood Grant recipient
As part of this Neighborhood Grants round, The Starbucks Foundation invited experts from the philanthropic, nonprofit and civil rights sectors to help inform the identification and selection process of the nonprofit organizations.
We will continue to lend our voice to our communities through advocacy and partnership.