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By Ireland Owens, The Stream, June 2, 2025
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A host of American corporations are backpedaling from their involvement in gay pride events this year amid the Trump administration’s rollback of diversity, equity, and inclusion (DEI) efforts across the country.
A growing number of reports show that organizers of major gay pride parades and festivals across the U.S. are scrambling for funds due to several longtime corporate sponsors scaling back their support of LGBTQ events. Some scholars explained to the Daily Caller News Foundation that news of companies pulling back from pride events may reflect a broader shift away from DEI in corporate America.
“We are seeing major companies, in meaningful numbers, either eliminating or modifying their DEI programs, which certainly does include sponsoring LGBTQ+ pride events and so on,” Stefan Padfield, the executive director of the National Center’s Free Enterprise Project, told the DCNF. “I think really the bottom line here is that there has just arisen an awareness … that promotion of these events runs such a meaningful risk of being perceived as pushing transgender ideology on parents … I think corporations have finally woken up to the reality that that’s a very big risk for them to be taking. …
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