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FACT BRIEF

Did PepsiCo give $100 million to Black Lives Matter?

By Sarah Thompson
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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. 

See a full discussion of this at Lead Stories
This fact brief is responsive to conversations such as this one.
Sources
PepsiCo PepsiCo's Racial Equality Journey: Black Initiative
ABOUT THE CONTRIBUTOR
Lead Stories
Lead Stories is a fact checking and debunking website at the intersection of big data and journalism that launched in 2015. It scouts for trending stories, images, videos and posts that contain false information in order to fact check them as quickly as possible. It actively monitors the fake-news ecosystem and doesn’t wait for reader tips or reports before getting started on a story.
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About fact briefs published on Gigafact
Fact briefs are short, credibly sourced summaries that offer “yes/no” answers in response to claims found online. They rely on publicly available, often primary source data and documents. Fact briefs are created by contributors to Gigafact —a nonprofit project looking to expand participation in fact-checking and protect the democratic process. See all fact briefs here.