August 8, 2022

Stephen Curry # 30 of the Golden State Warriors wins the basket against the Los Angeles Lakers during the 2021 NBA Play-In Tournament on May 19, 2021 at the STAPLES Center in Los Angeles, California.

Adam Pantozzi | National Basketball Federation | Getty Images

NBA star Steph Curry is now aiming to close the racial wealth gap in the United States and joins the nonprofit NinetyToZero on Thursday.

“Uncovering solutions and creating opportunities is something I am deeply committed to. Bridging the racial wealth gap is one of the greatest challenges of our generation,” Curry said on Thursday in a press release about the move. “We are defining a concrete approach that any organization can take to initiate meaningful progress now.”

NinetyToZero estimates that closing the racial wealth gap could boost US economic growth by $ 1.5 trillion over the next decade. Research from Duke University puts the wealth gap between black and white Americans at between $ 11 and $ 13.5 trillion.

Curry, along with the NFL’s Washington Football Team, payment company American Express, cannabis company Green Thumb Industries and the United Way of New York City, announced on Thursday that they would also be joining the organization as a partner.

According to its website, NinetyToZero provides a roadmap for businesses and organizations to drive change now, with an emphasis on black talent and businesses. The name of the nonprofit comes from the belief that white Americans have 90% more wealth than black Americans due to socioeconomic differences.

NinetyToZero was founded in April by companies and organizations such as Goldman Sachs, Starbucks and the Robin Hood Foundation, which launched the initiative. NinetyToZero will ultimately become independent from the foundation.

“Green Thumb is proud to be the first cannabis company to start our commitment to fill the racial wealth gap exacerbated by the failed ‘war on drugs’. Black Americans are 3.6 times more likely to be arrested for marijuana violations than white Americans, and over 40,000 cannabis prisoners are still incarcerated as regulated businesses continue to grow and prosper, “said Ben Kovler, founder, chairman and CEO of Green Thumb Industries.

Other partners are the American Civil Liberties Union as well as Michelle Williams, Dean of the Harvard TH Chan School of Public Health, and Marc Morial, President and CEO of the Urban League.