U.S. President Barack Obama Monday announced the creation of a new nonprofit designed to help Latino and black youths bolster their education opportunities for a better future, while stating that Latino and black males experiencing different treatment from law enforcement.

"In too many places in this country, black boys and black men, Latino boys, Latino men, they experience being treated differently by law enforcement -- in stops and in arrests, and in charges and incarcerations. The statistics are clear, up and down the criminal justice system; there's no dispute," said Obama during an address announcing the launch of My Brother's Keeper Alliance from Lehman College in The Bronx on Monday afternoon.

According to Obama, some communities have had the "odds stacked against them," and the youth in these communities could support to change those odds.

"By almost every measure, the life chances of the average young man of color is worse than his peers," Obama later added. "Those opportunity gaps begin early -- often at birth -- and they compound over time, becoming harder and harder to bridge, making too many young men and women feel like no matter how hard they try, they may never achieve their dreams."

As a result of the opportunity gaps, Obama referenced the events in Baltimore, Ferguson and New York City where protests have occured regarding the "unfairness" stemming from the deaths of young men of color and the "feeling that law is not always applied evenly in this country." He said policing a situation would not provide enough results for communities and that investments are required to build the next generation of leaders and deliver guidance to young people.

That is where the My Brother's Keeper Alliance initiative kicks in, its main mission being the addressing of opportunity gaps to ensure youths -- particularly young men of color -- have a chance to achieve their goals. The My Brother's Keeper Alliance is a new nonprofit organization comprised of private sector organizations and companies that have made the commitment open its doors to young people. The nonprofit will continue even after Obama completes his presidential term.

Obama said some of the goals set by the My Brother's Keeper Alliance -- which has an $80 million commitment -- include doubling the percentage of boys and young men of color who read at grade level by the third grade, increasing high school graduation rates by 20 percent and having 50,000 young men from minority groups enter post-secondary education or training.

"They (politicians in Washington, D.C.) know that if you've got African American or Latino men here in New York who -- instead of going to jail -- are going to college, those are going to be taxpayers," said Obama. "They're going to help build our communities. They will make our communities safer. They aren't part of the problem, they're potentially part of the solution -- if we treat them as such."

"I know firsthand the struggles young men of color face in this nation, and I know how challenging it can be to both lead one's own life on the right path while also guiding others in that same direction," Bronx Borough President Ruben Diaz Jr. said in a statement.

He added, "This initiative, which will combine public and private resources for the greater good, is welcome not only in The Bronx but across the United States. I am proud to have been present for [Monday's] historic announcement, and I look forward to working with the 'My Brother's Keeper Alliance' to help young men of color get the help they need to succeed."

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