1 posts categorized "author-Andrew Grabois"

Global Philanthropic Response to COVID-19 Approaches $3 Billion

March 31, 2020

On March 3, Candid identified almost $1 billion in pledges and donations in support of global relief efforts focused on mitigating the impacts of the novel coronavirus (COVID-19). In the weeks since, the virus has infected 719,758 people worldwide and resulted in the deaths of more than 33,673. As the relatively localized outbreak in Wuhan, China, rapidly morphed into a global pandemic, the philanthropic community stepped up to meet the challenge, with pledges and donations in support of relief efforts almost tripling, to $2.6 billion, by March 23.

As was the case during the first two months of the crisis, overall giving for COVID-19 relief in March mirrored historical patterns of disaster giving in every way except total dollar amount (i.e., giving in response to COVID-19 has been much higher). What has changed over the last couple of weeks is funding by country, which has closely tracked migration of the disease.

Fig.1.1Together, the United States and China (including Hong Kong and Macao, China’s Special Administrative Regions) continue to account for 87 percent of pledges and 83 percent of total dollar amount, but the U.S. total has increased almost 700 percent since March 3 and now accounts for more than two-thirds of pledges and almost half the dollars pledged globally for COVID-19 relief. Italy, where the philanthropic response was almost nonexistent two weeks ago, now accounts for 11 percent of total dollar value.

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