The Walt Disney Company will be ending financial ties with the Boy Scouts of America in 2015. This decision is based on the youth organizations policy regarding not allowing adult gay troop leaders.
Deron Smith, Boy Scouts spokesman, said in a statement they are "disappointed" by the decision and this will affect the organization's ability to serve children.
"We believe every child deserves the opportunity to be a part of the Scouting experience and we are disappointed in this decision because it will impact our ability to serve kids," he said.
While the 103 year old youth organization does not allow gay adults, they did kick off the new year with a new pledge to allow openly gay scouts. This controversial change in policy made some argue that the organization was leaving behind its core Christian values.
Disney's decision came to light after the president of a local Boy Scout council based in Orlando, Fla., where Disney World is based, sent a memo alerting local troops to the decision.