The Estée Lauder Cos.-owned beauty brand is ceasing operations as of September.
Glossier will give another $500,000 to Black beauty brand founders.
The program, since its inception nine years ago, has raised over $12 million for Cancer and Careers.
The brand has donated more than 215,000 care packages globally since the onset of the coronavirus pandemic.
“De-centering whiteness” in beauty marketing is crucial as the industry seeks to be more inclusive, experts say.
Webster joins Lauder from the Biden administration.
The actor will serve as the makeup brand’s global ambassador and creative collaborator.
The venture and growth investment firm joins other shareholders Barinboim Group and Leumi Partners.