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Facebook launches $10 million match fundraiser to support coronavirus efforts

Menlo Park-based tech company Facebook has initiated a $10 million match fundraiser to support efforts to fight the novel coronavirus, a move announced in a Facebook post by CEO Mark Zuckerberg March 13.

The social networking company has opened a fundraiser page where people can donate, and Facebook said it will match the donations up to $10 million. The current amount of contributions to the page totals approximately $4.5 million of the $10 million.

The funds raised will go toward the World Health Organization's efforts to battle the coronavirus, according to the fundraising page.

"It’s critical that global and national health organizations leading the response efforts have the financial support needed in rapidly emerging response needs," the company said in a statement. "Following major crises, like COVID-19, our community always steps up to help. Because this is a health crisis, it’s not as easy for people to know how or where to help.

Now, with the launch of the COVID-19 Solidarity Response Fundraiser, they can support and donate to the WHO’s global efforts to track the outbreak, help patients and frontline workers, and speed up vaccine and treatment development."

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The recent fundraising announcement comes after Zuckerberg announced in a March 3 post that the company would be giving the World Health Organization free ads on the social network, which the company says has 2.5 billion active users.

The company also said that it plans to launch a second fundraiser for the CDC Foundation in the coming weeks.

Facebook, which is Menlo Park's largest employer with over 15,000 employees, was among the first Silicon Valley companies to ask employees to begin working from home two weeks ago in order to help slow the spread of the coronavirus.

Find comprehensive coverage on the Midpeninsula's response to the new coronavirus by the Almanac, Mountain View Voice and Palo Alto Online here.

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Facebook launches $10 million match fundraiser to support coronavirus efforts

by / Almanac

Uploaded: Sat, Mar 21, 2020, 9:04 am

Menlo Park-based tech company Facebook has initiated a $10 million match fundraiser to support efforts to fight the novel coronavirus, a move announced in a Facebook post by CEO Mark Zuckerberg March 13.

The social networking company has opened a fundraiser page where people can donate, and Facebook said it will match the donations up to $10 million. The current amount of contributions to the page totals approximately $4.5 million of the $10 million.

The funds raised will go toward the World Health Organization's efforts to battle the coronavirus, according to the fundraising page.

"It’s critical that global and national health organizations leading the response efforts have the financial support needed in rapidly emerging response needs," the company said in a statement. "Following major crises, like COVID-19, our community always steps up to help. Because this is a health crisis, it’s not as easy for people to know how or where to help.

Now, with the launch of the COVID-19 Solidarity Response Fundraiser, they can support and donate to the WHO’s global efforts to track the outbreak, help patients and frontline workers, and speed up vaccine and treatment development."

The recent fundraising announcement comes after Zuckerberg announced in a March 3 post that the company would be giving the World Health Organization free ads on the social network, which the company says has 2.5 billion active users.

The company also said that it plans to launch a second fundraiser for the CDC Foundation in the coming weeks.

Facebook, which is Menlo Park's largest employer with over 15,000 employees, was among the first Silicon Valley companies to ask employees to begin working from home two weeks ago in order to help slow the spread of the coronavirus.

Find comprehensive coverage on the Midpeninsula's response to the new coronavirus by the Almanac, Mountain View Voice and Palo Alto Online here.

Comments

Delete Facebook
Menlo Park: Downtown
on Mar 22, 2020 at 8:22 am
Delete Facebook , Menlo Park: Downtown
on Mar 22, 2020 at 8:22 am
16 people like this

Facebook has income of over $7B. They could easily donate $10M without having a match requirement. Why are they limiting their donation to 10M? Facebook users should not be guilted into donating to force Facebook’s donation. Facebook certainly has the means to do more. Facebook has income of $7B. Facebook pays $0 in income tax. Facebook can and should do more.


Stop the Haters
Woodside: other
on Mar 23, 2020 at 12:26 pm
Stop the Haters, Woodside: other
on Mar 23, 2020 at 12:26 pm
2 people like this

So tired of the haters pushing their way. I am thankful for whatever Facebook wants to give or promote...you know they don't HAVE to give anything...and if you deleted them, I wonder how much sway your words have...None over me!


Belle Haven Resident
Menlo Park: Belle Haven
on Mar 23, 2020 at 6:48 pm
Belle Haven Resident, Menlo Park: Belle Haven
on Mar 23, 2020 at 6:48 pm
5 people like this

Anything that will double the value of my little donation is worth it.


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