Major corporations are choosing to not sponsor San Francisco’s 2025 Pride parade and street fair, the event organizer said.
Scheduled for June 28 and 29, the 55th Pride celebration is part of an annual event that hosts “the largest LGBTQ+ parade in the world.”
While the businesses cited a lack of funds, Ford suspects the real reason is the country’s political climate under President Donald Trump, KTVU reported.
Ford told KTVU the five companies’ donations accounted for approximately $300,000 of the $1.2 million fundraising goal. Pride organizers are now scrambling for new sponsors for this summer’s festivities, which include parties, concerts, and the parade.
The Epoch Times reached out to the companies and San Francisco Pride and did not hear back by publication time.
The first installment of San Francisco Pride took the form of a small march on Polk Street and a gathering in Golden Gate Park in June 1970.
Major companies that participated in the 2024 parade include Hilton, Visa, Apple, IKEA, Merck, eBay, and Amazon, according to the organizer.
Earlier this month, the Pride organization also announced that it had terminated its relationship with Meta, the Menlo Park-based company that owns Facebook and Instagram, after company representatives made it clear they no longer wanted to be involved, Ford said.