The Enterprise Holdings Foundation plans to commit $120 million to promote racial equity and fight hunger.
The St. Louis Post-Dispatch reported that the five-year pledge announced Monday by the philanthropic arm of the suburban St. Louis-based rental car company also calls for some of the support to be earmarked for local organizations such as Parents As Teachers.
Foundation President Carolyn Kindle Betz said details of the program began in June amid a wave of protests for racial justice.
“Just like everyone else, we watched the events unfold this summer,” she said. “You’re angry, you’re sad. You want to do something.”
The foundation was started by Enterprise founder Jack Taylor in 1982. Since then, more than $1.4 billion has been donated to nonprofits, the company said.