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May 04, 2015

$80 Million Pledged to New My Brother's Keeper Group

Organizers of the new My Brother's Keeper Alliance say major corporations have already committed $80 million to the nonprofit spinoff of President Obama's My Brother's Keeper effort to support young minority males, The New York Times reports. Mr. Obama will formally announce the organization's creation at an event Monday in the Bronx.

The administration launched My Brother's Keeper in February 2014, with grant makers pledging $200-million over five years for programs to address the lack of educational and employment opportunities for minority boys and young men. The new alliance is being established by business leaders to parallel the president's efforts in this sphere, cooperation White House Press Secretary Josh Earnest said will continue after Mr. Obama leaves office in January 2017. The nonprofit will be headed by Joe Echevarria, a former chief executive of Deloitte.