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2 In 5 Corporations Scaling Back LGBTQ Pride Engagement Amid Trump Administration Pressure, Survey Finds

  • Nearly two-fifths of Fortune 1000 corporations plan to reduce their LGBTQ Pride Month engagement in June 2025 amid broad political and cultural pressure in the U.S.
  • This scaling back follows President Trump's executive orders targeting diversity, equity, and inclusion and transgender communities, which have created a hostile climate for corporate Pride sponsorships.
  • Many Pride festivals face significant sponsorship deficits, with groups like Seattle and New York City Pride addressing $350,000 shortfalls and San Francisco and Twin Cities Pride each facing $200,000 cuts amid sponsors withdrawing or reducing support.
  • Suzanne Ford, who leads San Francisco Pride, highlighted that major sponsors such as Anheuser-Busch, Comcast, Diageo, and Nissan have withdrawn their support for this year’s event, signaling a shift in the political climate unlike recent years.
  • As a result, many LGBTQ organizations are shifting focus toward community donations, year-round engagement, and alternative funding, while emphasizing support for their communities over corporate relationships.
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Forbes broke the news in United States on Thursday, April 24, 2025.
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