In 2020, KaJ Labs pledged to contribute $50 million over 10 years to non-profit organizations that support racial and social justice. On the second anniversary of that pledge, KaJ Labs announced that the organization will distribute a portion of its funds from the 2020 Social & Racial Equality Justice pledge to the NAACP and the National Homelessness Law Center.
Distributions will be made in Litho and USD fiat. The monetary awards also coincide with the 2nd year anniversary of the murder of George Floyd on May 25, 2020. KaJ Labs is committed to awarding $50 million over 10 years to African-American non-profits working to make core changes.
KaJ Labs will allocate an additional $40 million over a 10-year period to non-profit groups working toward racial justice and equity in the U.S. The funds will come from Litho’s social responsibility vault.
KaJ Labs launched the Lithosphere.network to address several bottlenecks hindering mainstream Web3 adoption but also as a means of addressing deep rooted bias & empowering underrepresented communities globally. This donation reaffirms KaJ Labs’ commitment to social justice and equality, along with Lithosphere’s position and allocation of Litho towards social responsibility causes and philanthropy.
Lithosphere’s first distribution of funds to the NAACP and the National Homelessness Law Center is part of its ongoing commitment to social and racial justice causes. The platform will provide donors, volunteers and nonprofits with greater accessibility, more flexibility, and faster transactions to further the missions of social justice and equity.
