News and Events => People news => Topic started by: Jessica_Rose on June 03, 2026, 02:19:02 PM Return to Full Version
Title: Phoenix Pride files for bankruptcy as corporate sponsors abandon Prides...
Post by: Jessica_Rose on June 03, 2026, 02:19:02 PM
Post by: Jessica_Rose on June 03, 2026, 02:19:02 PM
Phoenix Pride files for bankruptcy as corporate sponsors abandon Prides across the country
https://www.lgbtqnation.com/2026/06/phoenix-pride-files-for-as-corporate-sponsors-abandon-prides-across-the-country/
Greg Owen (3 June 2026)
With Pride organizations facing corporate retreat in the wake of President Trump's assault on the LGBTQ+ community and DEI efforts, Phoenix Pride announced on Thursday that it was filing for Chapter 11 bankruptcy.
The group cited "rising operational costs, economic uncertainty, shifts in sponsorship and fundraising partly due to the current political climate and administration."
Phoenix Pride owes $432,000 to creditors, according to Axios.
The Pride organization is not shutting down, however, organizers said.
"This process allows Phoenix Pride to continue operating while reorganizing its finances under the guidance and oversight of a court-appointed trustee," the group wrote. "Our events, programs, partnerships, and community work will continue as we move through this process."
Phoenix Pride remains scheduled for October.
News of the group's reorganization follows Tucson Pride's announcement in January that it was shutting down for good, after a reduction in corporate donations pushed the 50-year-old organization, already suffering accusations of financial mismanagement, over the edge.
https://www.lgbtqnation.com/2026/06/phoenix-pride-files-for-as-corporate-sponsors-abandon-prides-across-the-country/
Greg Owen (3 June 2026)
With Pride organizations facing corporate retreat in the wake of President Trump's assault on the LGBTQ+ community and DEI efforts, Phoenix Pride announced on Thursday that it was filing for Chapter 11 bankruptcy.
The group cited "rising operational costs, economic uncertainty, shifts in sponsorship and fundraising partly due to the current political climate and administration."
Phoenix Pride owes $432,000 to creditors, according to Axios.
The Pride organization is not shutting down, however, organizers said.
"This process allows Phoenix Pride to continue operating while reorganizing its finances under the guidance and oversight of a court-appointed trustee," the group wrote. "Our events, programs, partnerships, and community work will continue as we move through this process."
Phoenix Pride remains scheduled for October.
News of the group's reorganization follows Tucson Pride's announcement in January that it was shutting down for good, after a reduction in corporate donations pushed the 50-year-old organization, already suffering accusations of financial mismanagement, over the edge.
Title: Re: Phoenix Pride files for bankruptcy as corporate sponsors abandon Prides...
Post by: Susan on June 03, 2026, 09:40:18 PM
Post by: Susan on June 03, 2026, 09:40:18 PM
These corporations better realize that we the LGBTQIA community will never forget nor forgive them for their actions. I won't do business with any company that left us at the mercy of Trump's wolves ever again.