Nike announces $40 million commitment for black communities

Nike on Friday said it will give $40 million to support the black community over the next four years. The money will go to organizations that work on social justice, education and addressing racial inequality. Jordan Brand President Craig Williams will oversee the effort, according to an email CEO John Donahoe sent to employees. The donation is on behalf of Nike and its Jordan and Converse brands. The announcement comes amid ongoing protests nationwide about the need for racial justice. "Systemic…