JPMorgan Chase CEO Jaime Dimon very publicly took a knee outside a New York branch of his bank in early June, also circulating a memo declaring the financial institution’s supposed dedication to struggling against injustice. “Let us be clear — we are watching, listening and want every single one of you to know we are committed to fighting against racism and discrimination wherever and however it exists,” he and the company’s diversity chief wrote together.

In the wake of worldwide public outrage over racist police violence, many of the United States’ largest corporations rushed to publicly align themselves with the growing movement for black lives. Yet a new report from the Public Accountability Initiative exposes how corporate America is actually bankrolling police departments across the country, including many of the same ones facing scrutiny over racist practices.

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