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CARES Act gets the attention, but philanthropy is also mounting a significant response to COVID-19

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20.04.2020

All eyes in Washington and across the country have been on the CARES Act and speculation around a further relief bills. But while government is doing what it can to respond (and time will tell how effective this response is), philanthropists across the country are stepping up to address urgent health and economic needs where government hasn’t and perhaps cannot.

Government interventions are notoriously slow, but philanthropy and the heroic and generous efforts of everyday Americans are already addressing some of the most critical challenges we face.

One of the most pressing needs is for effective treatments for the disease -- and not just discovery and development, but also global distribution. The Bill and Melinda Gates Foundation, which for years has invested significantly in public health measures around the globe, has partnered with Wellcome (a British trust focused on medical research) and the Mastercard Impact Fund to put up to $125 million into this treatment effort.

The limited capacity for testing people for the........

© Washington Examiner