It’s been a year of unprecedented need, but also unprecedented giving. A report from the Center for Disaster Philanthropy and Candid analysing funding given in response to the Covid-19 pandemic during the first half of the year found that the sum totalled $11.9 billion – a record-breaking amount that far exceeded funding given for all natural disasters over the past several years combined. Since the research concluded, a further $4.6 billion has been pledged for Covid relief bringing the total to $16.5 billion.
Report project managers Tanya Gulliver-Garcia, Director of Learning and Partnerships at the Center for Disaster Philanthropy, and Grace Sato, Research Director at Candid, joined Alliance to break down the record-breaking figure, explore the funding gaps, and explain why philanthropy shouldn’t be a band-aid.
Elika Roohi: Let’s start with the headline figure of your report – in the first half of 2020, $11.9 billion was awarded for Covid-19, a sum that is many times that of the financial response to any other recent disaster. Can you talk about what this amount of money means? What is getting funded?