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Launches Foundation To Support Black Communities

The NBA is continuing to walk the walk in its fight for racial justice ... it's now pledged to donate $300 MILLION over the next 10 years to help Black communities.

The league just made the announcement Wednesday ... saying it's all part of the NBA's newly created "Foundation" -- which was just formed to help in the battle for social equality.

The league says each of its 30 team owners will donate $1 million annually to the Foundation for the next decade with the hopes of improving "employment and career advancement" in Black communities.

The league also says the Foundation will work with other national groups to try to create other forms of revenue to "deepen the NBA family’s commitment to racial equality and social justice.