Corporate Funders Step Up Support for COVID-19 Relief Efforts

Corporate Funders Step Up Support for COVID-19 Relief Efforts

The Cognizant U.S. Foundation and the company's India-based foundation have announced a joint $10 million commitment to address immediate and long-term impacts of COVID-19 in communities around the world. The foundations will contribute to the United Nations Foundation's COVID-19 Solidarity Response Fund; provide resources for critical healthcare infrastructure, including hospitals, frontline healthcare workers, and the purchase of equipment and diagnostic tools; and fund research focused on advancing online learning models and education, training, and re-skilling programs for vulnerable populations. As part of the commitment, the Cognizant U.S. Foundation will match all employee contributions to GlobalGiving's Coronavirus Relief Fund through the end of April.

Bank of America has pledged up to $10 million in support of community development financial institutions (CDFIs)  and CDFI- and minority-owned banks to help fund their work to provide small business and not-for-profits with access to capital. 

Live entertainment company Live Nation has committed $10 million in support of concert crews impacted by COVID-19 globally, Variety reports. The commitment includes an initial $5 million contribution and $5 million to match other donations to the fund on a one-to-one basis. 

The Caterpillar Foundation in Deerfield, Illinois, has announced commitments totaling $8.5 million in support of global efforts to detect, respond to, and help prevent the spread of COVID-19 globally; provide resources to hospitals, medical staff, and patients; address food insecurity in communities impacted by the virus; and provide online STEM and coding education for youth affected by school closures. Grant recipients include the United Nations Foundation's COVID-19 Solidarity Response Fund, the King Baudouin Foundation's Fund for Italy, the Global Foodbanking Network's Global Fund, Feeding America's COVID-19 Response FundBoys & Girls Clubs of America, and the Illinois COVID-19 Response Fund.

Apple has doubled its contribution to China's efforts to combat the spread of COVID-19 to more than 50 million yuan ($7 million), Reuters reports. In a Weibo post, Apple CEO Tim Cook said the company had already donated two-fifths of the total through the Beijing-based China Foundation for Poverty Alleviation in support of six hospitals in Hubei province, including the temporary Leishenshan facility in Wuhan; the rest of the funds will fund longer-term public health efforts in the country.

The National Association of Theatre Owners and the Will Rogers Motion Picture Pioneers Foundation's Pioneers Assistance Fund have launched an emergency assistance fund for theater workers with an initial $2.4 million in funding. The fund initially will provide stipends to theater workers who qualify and will expand its assistance to a larger group of motion picture industry workers in the event the emergency continues for an extended period of time.  

In Georgia, Augusta National Golf Club has announced commitments totaling $2 million in support of efforts to address ongoing challenges in Augusta as a result of the coronavirus outbreak. Pledges include $1 million to the Community Foundation of the Central Savannah River Area's CSRA COVID-19 Emergency Response Fund and $1 million to Augusta University to expand testing in the area. 

Private equity firm Thoma Bravo has announced a $2 million donation to Spark* SF Public Schools to address food insecurity among vulnerable San Francisco Unified School District students impacted by school closures. The firm's managing partners have directed that the donation fund the distribution of meals to children and their families as well as the purchase of WiFi hotspots and Web-enabled devices so that all kids in the district have access to online learning during the closures. In the past two weeks, Spark* SF Public Schools' COVID-19 Response Fund has received more than $4.2 million in donations, including $1.1 million from the Someland Foundation.

Chicago-based Exelon Foundation, in partnership with Exelon utility companies ComEd and Exelon Generation, has announced a $2 million donation to the Illinois COVID-19 Response Fund, a joint effort between the United Way of Illinois and Alliance of Illinois Community Foundations, to help Illinois residents impacted by COVID-19. 

The Atmos Energy/Robert W. Best Charitable Giving Fund in Dallas has announced donations totaling $1.5 million in support of local food banks in the fourteen hundred communities in which the company operates. Recipients include the North Texas Food Bank and CitySquare.

(Photo credit: Feeding America)