Rockefeller Foundation Announces $1 Billion Pledge Towards COVID-19 Relief
ByJoseph Gibsonon November 1, 2020inArticles›Billionaire News
The economic devastation caused by the COVID-19 pandemic is unfortunately only just beginning, and any sort of tangible relief is going to require a lot of work. The Rockefeller Foundation recently announced a $1 billion pledge towards that work over the next three years, a pledge that Axios reports is the largest in the history of the foundation, which stretches back more than a century, when it was founded by John D. Rockefeller .
“This crisis has unwound two to two-and-a-half decades of progress against basic human development goals…You can imagine a future characterized by extreme inequity on a global scale, or you can imagine a future where sometimes steps up with a Marshall Plan for building back post-crisis.”
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“If you don’t have reliable industrial power, you can’t run businesses…If you can’t run businesses, you don’t create jobs.”
Access to energy will likely be a huge factor in any kind of economic recovery, with millions facing service interruptions due to unpaid bills.
Another focus for this financial pledge will be expansion of the Rockefeller Foundation’s National Covid-19 Testing & Tracing Action Plan, which seeks to fill some of the gaps in the official governmental response to the virus, particularly in vulnerable communities that have in many cases been hit the hardest.
- Mike Bloomberg Pledges $40 Million To Coronavirus Fight Through Foundation
- Oprah Announces $12 Million Gift To Various US Cities In Which She’s Lived
- Dolly Parton Announces $6 Million Hurricane Helene Relief Pledge, Donating $1 Million Personally
- Major League Baseball, Players Association, Pledge $1 Million Towards Hunger Relief Amid Coronavirus Pandemic
- Michael Jordan Makes $2 Million Donation To Feeding America
- Billionaire Jack Ma Pledges 500,000 Coronavirus Tests And A Million Facemasks To US
