These resources are being directed to support our healthcare systems and increase medical capacity. We started this effort with a $20 million commitment to the global COVID-19 Therapeutics Accelerator launched by the Bill & Melinda Gates Foundation to identify potential treatments for COVID-19 and accelerate their development. In addition, we are supporting the procurement and supply of PPE, as well as other essential medical resources.
These are highly targeted funds to support schools, districts, and states as they adapt to school disruptions and look ahead to the next school year. In addition, the funds will go towards additional support of our Dell Scholars in the US and Dell Young Leaders in South Africa.
NONPROFITS & SOCIAL ENTERPRISES
These funds support initiatives that help sustain the vital work of our current nonprofit partners and social enterprises in a time when their efforts will be needed more than ever.
Livelihoods & Small Business
These resources are being put to use to help stabilize small businesses, microentrepreneurs, and gig workers, whose livelihoods are so important to our communities and to the overall economy. Through a combination of small grants, loan funds, and guarantees, we will work to enable small businesses and microentrepreneurs survive this crisis.