UnitedHealth Group has announced it has spent a combined $10 million in covering volunteer hours and donations and has created an education fund for George Floyd's two children.
Through its existing Diverse Scholars Initiative, the company will create a fund for Floyd's children's college equivalent higher education, it said.
The company also donated $5 million to the YMCA Equity Innovation Center of Excellence in memory of Floyd, saying it recognized the need to change "larger societal issues at the root of George Floyd’s death."
Another $5 million will go towards businesses damaged in riots. The specific recipients of this donation are still being finalized, a spokesperson said.
The company is also covering 25,000 volunteer hours for its employees to help with these efforts during work hours.
“We all have a lot of work ahead of us to address long-standing inequities, and it’s going to take individuals, governments and private enterprises like UnitedHealth Group to achieve our goals of a more inclusive society,” said Glen Gunderson, president and chief executive officer of YMCA of the Greater Twin Cities.
“We’re grateful for this contribution, which will help us accelerate our efforts to drive positive change in our communities.”