Big companies pull back on Pride Month sponsorships

BreakdownGenerated by LeadStory AI

• San Francisco and Kansas City Pride events are facing $200,000 budget gaps due to major corporate donors withdrawing support. 9s
• Several large companies, including Anheuser-Busch, Nissan, Lowe's, MasterCard, Citi, PepsiCo, and Target, have reduced or ended sponsorship of Pride events. 1m 12s
• Economic uncertainty and changes in corporate DEI policies, influenced by political and regulatory factors, are cited as reasons for the reduction in support. 1m 50s
• Organizers are seeking support from smaller local businesses and individual donors to fill funding gaps, with some success in community fundraising efforts. 2m 53s
• In Minneapolis, the community surpassed fundraising goals after Target ended its sponsorship, demonstrating strong local support. 3m 53s