The Michael & Susan Dell Foundation has announced a commitment of $100 million in support of COVID-19 response efforts and to address the economic fallout of the global pandemic.
The commitment includes $20 million in support of the COVID-19 Therapeutics Accelerator, which was launched in March by the Bill & Melinda Gates Foundation, Wellcome, and Mastercard to identify and drive the development of treatments for COVID-19. The remaining $80 million will be awarded to nonprofit and social enterprises working in the areas of health, education, and community development. A portion of the pledged funds will be distributed as loans and guarantees to augment relief efforts, build medical capacity, and support small businesses and microentrepreneurs.
"It will take all of us working together to push back this virus," Susan Dell wrote in a blog post. "Everyone can contribute to the effort to defeat COVID-19. Whether caring for others on the front lines, donating money and resources, or simply the very important act of staying home, we all have a part to play. If we continue to come together as a world community, we will succeed in both stamping out the virus and creating a more unified and humane world."
(Photo credit: World Bank)