Stavros Niarchos Foundation Commits $100 Million to COVID-19 Response

Stavros Niarchos Foundation Commits $100 Million to COVID-19 Response

The Stavros Niarchos Foundation in Athens, Greece, has announced a $100 million commitment in support of efforts to address the impacts of the coronavirus pandemic.

The initiative initially will focus on research aimed at advancing effective prevention, testing, and treatments related to COVID-19, including an emergency award of $3 million to Rockefeller University in New York City in support of its efforts to accelerate the development and deployment of vaccines and therapeutics. 

The initiative also will provide funding for efforts aimed at supporting the physical well-being, mental health, and welfare of people affected by the virus. To that end, SNF will work with public and private entities and grantee partners to ensure food security for those in need, address psychological needs arising from the spread of the virus, and support organizations working to mitigate the social and economic impacts of the pandemic. Greece, where a significant part of the foundation's grantmaking is focused, including a $450 million health initiative launched in 2017, has only recently emerged from a decade-long socioeconomic crisis and is particularly vulnerable to knock-on effects associated with COVID-19.

"A rare bright spot in this unsettling time is the number of public and private institutions stepping up to confront the pandemic together," said SNF co-president Andreas Dracopoulos. "SNF considers it our duty to do whatever we can to help alleviate the impacts of COVID-19 and support those on the front lines of the fight. We will keep listening and responding to the evolving needs of our grantee partners as they continue their critical work under these difficult conditions, and we will support them to the best of our ability."