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Did PepsiCo give $100 million to Black Lives Matter?

Wednesday, April 7, 2021
By Sarah Thompson
NO

In summer 2020 several large corporations pledged large sums of money to racial equality initiatives. False rumors that circulated in summer 2020 and were debunked at that time resurfaced in March 2021.

A claim that PepsiCo gave $100 million to BLM is not backed up by publicly available information. PepsiCo issued a press release in June 2020 outlining PepsiCo's "Journey To Racial Equality," promising to invest more than $400 million over five years to address issues of inequality and to create opportunity.

PepsiCo printed the words "Black Lives Matter" in bold lettering at the bottom of an infographic explaining how those millions were to be spent. This is a statement, not a PepsiCo pledge to The Black Lives Matter Global Network Foundation. 

This fact brief is responsive to conversations such as this one.
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