Pittsburgh LGBTQ Pride parade in jeopardy after corporate sponsors pull funding [FOX News]
American Eagle Outfitters, Inc. (AEO)
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Source: FOX News
Pittsburgh's annual LGBTQ Pride parade is facing financial challenges this year after major corporate sponsors withdrew their funds. The organization Pittsburgh Pride informed local news last week that it is falling short of its $500,000 fundraising goal, raising only $150,000 so far with less than two months until the event. Dena Stanley, director of Pittsburgh Pride, told Pittsburgh Magazine that organizers typically raise half of their funds by this time, but this year, a mass exodus of corporate sponsors has put the event's future in jeopardy. "Last year, we were able to get to a point where we were able to pay everything that we needed to pay," Stanley said. "We didn't have anything over or extra, but this year, I don't know what we're going to do." So far, six corporations, including Macy's and American Eagle Outfitters Inc., have offered financial support, while others, like Walmart and Tito's Handmade Vodka, have not yet donated to the event despite supporting the par
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