Pride: a decline in sponsors – the Trump effect reaches Italia too
Multinational companies are scaling back their DE&I policies, and sponsorship of Pride events is slowing down
Pride Month has just come to an end, but behind the images of packed squares and colourful floats lies a less visible change: the way in which LGBTQ+ rights events are funded. The Trump administration’s crackdown on Diversity, Equity & Inclusion (DE&I) policies, the scaling back of federal programmes and the growing climate of polarisation in the United States are having an impact on the other side of the Atlantic too. Not so much in terms of participation in demonstrations, but rather in the strategies of the companies that support them.
In Europe, the picture is more varied: Vienna has lost its long-standing sponsors and seen its municipal funding cut by almost 50 per cent; Sofia has seen its budget halved, whilst in Athens, reduced funding has forced organisers to scale back the number of fringe events. In Spain, however, strong institutional support has so far mitigated the effects of the withdrawal of certain companies.
In Italia, the phenomenon is less pronounced, but the organisers of the country’s two main Pride events confirm that something has changed.
“The campaign against the Diversity & Inclusion promoted by Donald Trump and, more generally, by the current US administration, has had a global impact on private-sector funding for non-profit organisations,” explains Roberto Muzzetta, vice-president of CIG Arcigay Milano. “Within the LGBTQIA+ community, the effects have been felt most keenly at the larger Pride events, particularly in the United States, where many events had multi-million budgets supported by major corporations.”
For Milan Pride, however, the impact has remained limited. “In Italia, corporate sponsorship – including from multinationals – is a relatively recent phenomenon and, overall, less significant than in other countries. For this reason, the decline has been more limited: we estimate a reduction in contributions of around 20 per cent.”


