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Global COVID-19 Philanthropic Response Topped $20 Billion

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No less than $20.2 billion in international COVID-19 giving was made by grantmakers and rich donors throughout 2020. Group foundations awarded extra grants than another grantmaker sort, making up 54% of complete awards. Company foundations and company giving applications accounted for $9.4 billion (44%) of complete COVID-19 funding.

That’s some of the information in a brand new examine based mostly on analysis from Candid and the Center for Disaster Philanthropy (CDP) titled Philanthropy and COVID-19: Measuring one year of giving. It is the second of two stories assessing COVID-19 philanthropic knowledge. The primary report, launched in August 2020, examined COVID-19 philanthropy within the first half of 2020. Right this moment’s report gives updates and appears on the international philanthropic response to COVID-19 for all of 2020.

A number of the different knowledge factors embrace:

  • Funding by unbiased foundations greater than doubled, from $1.7 billion through the first half of the yr to $4.7 billion for the complete yr;
  • Excessive-net-worth donors accounted for $5.8 billion, greater than one-quarter of complete philanthropic funding. MacKenzie Scott’s $4.1 billion in grants accounted for practically three-quarters of funding from high-net-worth people;
  • Human providers organizations obtained essentially the most help, adopted by well being organizations. Within the first half of 2020, well being organizations obtained essentially the most help, adopted by public security organizations; and,
  • The vast majority of funding {dollars} ($13.5 billion, round 63%) went to “unknown” recipients or to “a number of” recipients.

Funding designated for particular populations supplied some encouraging updates, significantly relating to Black, Indigenous, and other people of coloration (BIPOC) communities. Within the first half of 2020, solely 5% of COVID-19-related funding that specified recipients was designated for BIPOC communities, regardless of these populations being disproportionately affected by the pandemic.

Since then, obtainable knowledge exhibits a dramatic improve:

  • 23% of specified international funding was explicitly designated for communities of coloration;
  • 35% of specified U.S. funding was designated for BIPOC communities;
  • Excessive-net-worth donors designated the very best proportion of funding for BIPOC communities (44%), whereas firms designated solely 11%. 

Moreover, 8% of funding was directed explicitly for folks with disabilities, a rise from 1% reported within the first report.

In distinction, funding specified for ladies and women elevated nominally, from 3% within the first half of 2020 to 4% for the complete yr. Funding directed to immigrants and refugees remained at 2%, and funding specified for older adults additionally remained at 2%.

In line with Grace Sato, director of analysis at Candid, “After the primary report, there have been questions on whether or not philanthropic funding would taper down. What we see is precisely the other — not solely did funding keep sturdy all through the remainder of the yr, however we additionally see promising traits in a number of classes. It exhibits that philanthropy can, and is, enjoying an particularly essential function in occasions of disaster.”

Philanthropy and COVID-19: Measuring one yr of giving is accessible at http://doi.org/10/gh5dzk

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