The donation comes amid a wave of protests across the United States.
MJ said in a statement his Jordan Brand would distribute the money over 10 years to different organisations in a bid to stamp out “ingrained racism.”
The pledge is believed to be the largest financial contribution to non-profit groups ever made by a figure from the sports world.
“It’s 2020 and our family now includes anyone who aspires to our way of life,” a joint statement from Jordan and his Jordan Brand said.
“Yet as much as things have changed the worst remains the same.
“Black lives matter. This isn’t a controversial statement. Until the ingrained racism that allows our country’s institutions to fail is completely eradicated, we will remain committed to protecting and improving the lives of Black people,” the statement added.
“Today we are announcing that Michael Jordan and Jordan Brand will be donating $100 million over the next 10 years to organisations dedicated to ensuring racial equality, social justice and greater access to education.”
Jordan’s donation comes after a week of unprecedented nationwide protests across the United States following the death of an unarmed black man during an arrest in Minneapolis.
Large scale demonstrations have been held in all 50 states, with protesters demanding an end to police brutality and systemic racism after George Floyd’s death on May 25.
Jordan, regarded by many as the greatest player in NBA history with an estimated net worth of $2.1 billion, had already issued a passionate statement decrying Floyd’s killing.
“I am deeply saddened, truly pained and plain angry,” Jordan, 57, said last Sunday. “We have had enough.”
Jordan’s donation and impassioned recent statements followed criticism during his playing career over his reluctance to take a more prominent role in activist causes.
AFRICA DAILY NEWS, NEW YORK