Logo atop Boeing headquarters. Photo: Boeing.

Boeing on Friday donated $10.6 million to 20 nonprofit organizations working to address racial equity and social justice in the U.S. Additionally on Friday, Boeing President and CEO Dave Calhoun revealed a racial equity action plan for the company.

The plan was published on the 57th anniversary of the Rev. Dr. Martin Luther King Jr.’s “I Have a Dream” speech. Calhoun outlines how Boeing aims to close the representation gap and ensure fair compensation practices. The company is additionally working on new interview processes and increasing transparency by publishing representation annually — aiming to increase representation of Black employees by 20%. A Racial Justice Task Force will be formed, which will include an advisory council made up of of Black leaders.

The $10.6 million funding package is part of Boeing’s previously announced multi-year commitment that includes a mix of local and national-level grants aimed at increasing the number of minority and underserved students pursuing Science, Technology, Engineering, and Math (STEM) education and diversifying the aerospace talent pipeline. Grant money also will fund programs that work to address criminal justice reform and health care gaps in underserved and minority communities. Some of these organizations include The Space Foundation, Forum to Enhance Minorities in Engineering, UNCF, among others.

“At Boeing, we acknowledge the toll that systemic racism and social injustice have had on people of color, particularly Black communities here in the United States,” said Calhoun. “As we work internally to confront these issues, we also remain focused on addressing the causes and impacts of racism and social inequality in the communities where our employees live and work. With today’s financial commitment to this group of nonprofit partners, we are hopeful that together, we can begin to make real advances in our ongoing pursuit of equality.”