- Billionaire entrepreneur Michael Dell and wife Susan Dell are donating $100 million through their charitable foundation to combat the effects of COVID-19
Billionaire entrepreneur Michael Dell and wife Susan Dell are donating $100 million through their charitable foundation to combat the effects of COVID-19. Michael Dell is known as being the founder of Dell Technologies and he made the philanthropic announcement on his social media accounts.
Of the $100 million donation, $20 million will be committed to the Therapeutics Accelerator, which is an effort launched by the Bill & Melinda Gates Foundation for identifying treatments for COVID-19 and accelerate the development.
The other $80 million will be used for providing relief in support of healthcare systems, sustaining the work of nonprofits, supporting educational systems, and stabilizing small businesses.
“Our team at the foundation has been on the ground with our partners and communities across the world. As we see the accelerating impact of COVID-19 on all communities, and especially on lower-resourced families, we want to make more resources available to help,” wrote Michael Dell in a LinkedIn post.
Separately, Dell Technologies has been working on lending needed support and putting the full power of its technology, expertise, and charitable dollars towards organizations that help address health, safety, and sustainability of communities.
“Just as importantly, we are supporting the front-line organizations working to treat and contain COVID-19 around the world. Our advanced computing clusters are being used to understand disease outbreaks, including how diseases like COVID-19 are spreading and how to better track them,” added Michael Dell. “Our tech is also enabling rapid genomics analysis of the virus to inform biomedical researchers in the hunt for better targets for new treatments and vaccines for COVID-19.”