Pledging $10 million to the new foundation, the company extends on Donatella Versace’s commitment to the cause
June 1, 2022: Capri Holdings Limited has announced the creation of The Versace Foundation as the Pride month begins. The company has pledged $10 million to further the foundation’s support for the LGBTQIA+ community.
The foundation will engage with philanthropic organizations and community groups to support the preservation of LGBTQIA+ history and culture as well as to promote the advancement of equality, wellness and safety for the LGBTQIA+ people.
John D. Idol, Chairman and Chief Executive Officer of Capri Holdings, said, “We all have a right to be accepted, to be loved and to be our most authentic selves. The Versace Foundation enables us to further our pursuit of LGBTQIA+ equity, wellness and safety, as well as to continue to be an ally for LGBTQIA+ individuals.”
Lady Gaga and Donatella Versace at Pride Month 2019. ©Vogue
Versace has worked in the past to further the cause of LGBTQIA+ community through capsule collections and partnership with Lady Gaga’s ‘Born This Way’ foundation.
The Capri Holdings Ltd. includes Versace, Michael Kors and Jimmy Choo.