Individuals are funding initiatives that support nonprofits and hard-hit communities.
Kenji Kasahara, founder of Mixi, established the ¥1 billion (approximately US$10 million) “Mitene Fund” to support organizations focused on aiding children and their families affected by Covid-19 in Japan. ETIC, a social sector intermediary and CAPS’ partner for our social enterprise study, is providing administrative support for the fund.
More than 150 investors and startup founders in India pool US$13 million for the “Act Grants” initiative to fund projects that fight Covid-19. The group includes prominent industry figures such as Nandan Nilekani, Vijay Shekhar Sham, and Kalyan Krishnamurthy, as well as investors from dozens of venture capital and private equity firms.
Thai billionaires answer Prime Minister Prayut Chan-o-cha’s invitation to the Kingdom’s 20 richest individuals to set aside funding for the country’s fight against Covid-19. In addition to CP Group’s Chearavanont Family and B.Grimm’s Harald Link, the Osathanugrah Family, which owns Osotspa, is the latest to announce a THB100 million (approximately US$3 million) donation to fund Covid-19 relief efforts. Muangthai Capital’s Chuchat Petaumpai also announced THB110 million (approximately US$3.4 million) in aid, 200,000 relief kits for the jobless, and THB50 million (approximately US$1.6 million) for hospital equipment. Dr Prasert Prasarttong-Osoth, owner of Bangkok Airways and Bangkok Dusit Medical Services, promised THB100 million (approximately US$3 million) for digging ponds and artesian wells in Sukhothai province to help people fight droughts after the pandemic.
Britain’s Prince Charles launched a new Covid-19 emergency appeal fund for India, Pakistan, Bangladesh, and Sri Lanka. Prince Charles announced the initiative in his role as the Royal Founding Patron of the British Asian Trust—a development organization fighting poverty across South Asia.
Creative public-private collaborations in Taiwan and South Korea bolster the fight against coronavirus. In the Stanford Social Innovation Review, Yuen Wai Hung, Marina Cortes, and Mara Hansen Staples give insight into how cooperation between public and private actors in these two Asian economies enabled a prompt response to the challenge of distributing urgently needed health products during Covid-19.
Charities are stepping up their operations and joining forces to serve communities affected by Covid-19.
Just Cause has highlighted key trends on how nonprofits are responding to Covid-19 from conversations with nonprofit leaders in Singapore. These include focusing on vital efforts to keep communities safe, finding news ways of working with communities, seeking flexible support from government and private funders, and investing in building resilience for the future.
Companies are contributing to Covid-19 relief efforts and donating medical supplies, food and beverages, and other staples to affected communities.
Sony established the US$100 million Sony Global Relief Fund for Covid-19 to support affected communities around the world. Through the fund Sony will provide support by assisting front-line healthcare workers and first responders, supporting children and educators, and supporting members of the creative community in the entertainment industry. US$10 million from the fund will go to the Covid-19 Solidarity Response Fund for WHO.
Rakuten Viber and WHO have joined forces to fight misinformation around Covid-19 through an interactive multi-language chatbot available globally. The bot also features a “Donate Now” button which prompts users to support WHO by donating to the Covid-19 Solidarity Response Fund.
Japan-based Terumo Corporation is donating US$2.4 million in cash and products to support Covid-19 relief efforts worldwide. This includes a US$1 million donation to the Covid-19 Solidarity Response Fund for WHO.
Fosun RZ Capital and Alpine Capital, two investors that have been investing in the Indian startup ecosystem, announced a donation of 20,000 Covid-19 testing kits to the country. The donation also saw participation from Fosun Foundation, the philanthropic arm of the Shanghai-based conglomerate Fosun International.
Hodo Group, the Chinese clothes manufacturer, announced that it will donate 1 million face masks to Cambodia to support the country’s fight against Covid-19. Since the outbreak, Hodo Group has refitted some of its assembly lines to produce anti-epidemic supplies, with a daily output exceeding 300,000 masks.
HP announced education partnerships around the world to support students and schools impacted by Covid-19. This includes partnering with Rise in China to build a home education ecosystem and launch an education printer package for students. Aside from these initiatives, HP has contributed US$3 million in grants and US$5 million in product donations to the fight against Covid-19 worldwide.
Unilever Bangladesh pledged BDT200 million (approximately US$2.5 million) to help the country fight Covid-19. The commitment includes donating products, improving public health infrastructure, and protecting the livelihoods of those who work across its value chain. Since the outbreak, Unilever Bangladesh has also donated BDT10 million (approximately US$150,000) worth of hygiene and household products.
Shinhan Financial Group and Korean bio company Seegene donated 10,000 Covid-19 diagnostic kits and 300 protective suits to the Myanmar Ministry of Health and Physical Education.
Indorama Ventures, a Thai conglomerate, has expanded its Covid-19 relief efforts, including donations of medical equipment, food, and other needed resources to seven more countries: the United States, France, India, Brazil, Lithuania, Poland, and the Czech Republic. This comes after a THB2 million (approximately US$650,000) donation, through the IVL Foundation, to support the Covid-19 response in Thailand.
PepsiCo commits THB18 million (approximately US$600,000) to support Covid-19 relief efforts in Thailand. PepsiCo Thailand, Suntory PepsiCo Beverages Thailand, and the PepsiCo Foundation have partnered with the Raks Thai Foundation to reach the most vulnerable communities through the “Give for Hope” project. The initiative will operate for 3 months to distribute over 1 million meals to communities adversely impacted by Covid-19. It will also provide Covid-19 insurance and health protective items to more than 3,900 farmers and their families, as well as donate medical equipment to hospitals.
Coca-Cola India pledged over ₹100 crore (approximately US$13 million) for the Covid-19 fight. The donation aims to impact 1 million lives across India and includes support for healthcare workers.
Islamic Finance takes on Covid-19. UNDP outlines how zakat can play an important role by providing short-term emergency support to national and NGO support programs, and how sukuk and waqf can be important sources of capital for long-term recovery and resilience.
Indonesia sees rise in donations, volunteers, and social innovation. The country has seen a number of crowdfunding campaigns launched on local platforms, and by late March, 15,000 medical students from 158 universities had signed up to volunteer. Social innovation is also soaring with tech companies and universities contributing to the country’s fight against Covid-19 through a range of initiatives, from ultraviolet-disinfection booths and disinfectant chambers to robots for monitoring and communicating with Covid-19 patients. Home to a thriving startup and digital sector, Indonesia is also seeing new collaborations between various actors to aid the fight against Covid-19.
In this section, we usually share stories about scandals that are having negative repercussions for the social sector. With the fear and anxiety surrounding Covid-19, there are some trust-breaking stories circulating from price-gouging to faulty medical supplies. Fortunately, the stories of people being constructive during these times far outnumber them. We look forward to bringing more of these positive stories to you in the coming weeks.
We’d also like to hear from you. How is your organization responding to Covid-19? Email us your stories at email@example.com.