A School Scholarship Program Loses Millions Of Dollars Because Of Anti-Gay Policies
Two of the United States’ largest banks have withdrawn millions of dollars in donations to schools in Florida because of their anti-gay policies.
According to ‘Upworthy’, after some investigations it was revealed that several beneficiary schools in Florida have policies that discriminate against LGBT+ students. That lead to banks Wells Fargo and Fifth Third Bank to pull their funding for the voucher program Step Up for Students that helps administer five scholarships for schoolchildren based in Florida.
Wells Fargo’s official statement writes: “We have reviewed this matter carefully and have decided to no longer support Step Up for Students. All of us at Wells Fargo highly value diversity and inclusion, and we oppose discrimination of any kind.”
Similarly, Fifth Third Bank issued an official statement writing: “We have communicated with program officials that we will not be contributing again until more inclusive policies have been adopted by all participating schools to protect the sexual orientation of all our students.”
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