By Chris Wack 



  Square Inc. said Thursday it intends to invest $100 million in support of minority and underserved communities, driven by the company's purpose of economic empowerment and its "ongoing commitment to racial equity." 


  The company said the investment constitutes 3% of its cash and marketable securities as of the end of the second quarter of 2020. 


  Square said it intends to make $25 million to deposits in Community Development Financial Institutions and Minority Depository Institutions in communities around the country around the U.S., and $25 million investment in The Keepers Fund sponsored by the National Bankers' Association. 


  The company also will make a $25 million investment in The Black Economic Development Fund managed by The Local Initiatives Support Coalition, and an additional $25 million reserved for future investment into social impact projects, to be announced at a later date. 


  Write to Chris Wack at chris.wack@wsj.com