But this year, many companies are withdrawing their support, causing budget shortfalls at “pride” events across the nation.
{snip}
San Francisco Pride, for instance, now has a $200,000 budget deficit after some of their sponsors stepped away. San Francisco has long been recognized as a national hub of the LGBT movement.
KC Pride in Kansas City, Missouri, lost the same amount, which is half of its yearly budget.
The umbrella group which runs NYC Pride and similar events in the Big Apple is trying to raise $750,000 to cover a substantial budget gap.
{snip}
Beyond the sponsorship of “pride month,” some companies refrained from other public gestures in favor of the movement.
BMW used to splash its color with rainbows on social media, an act they repeated as recently as last June.
But this year, the white, gray, and blue logo remained unchanged, according to a report from Newsweek.
{snip}
The outlet attributed the shift to backlash seen by other brands that once enthusiastically supported the LGBT movement, such as retailer Target and beer brand Bud Light, which is owned by Anheuser-Busch.
Several “pride month” organizers were cognizant of the new trend.
“If you come to Pride this year, that’s a revolutionary act,” San Francisco Pride executive director Suzanne Ford remarked, per the Associated Press.
{snip}
The outlet added that some companies once more sponsored the “pride month” events after their pivot was reported, but still asked that their names not be affiliated with the events.
* Original Article:
Look How Many Corporations Backed Out of ‘Pride’ Month This Year: Is the Movement Over?