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Press Release — 14 Apr, 2020
The S&P Global Foundation, the charitable arm of S&P Global, today announced a second round of grants aimed at supporting the global response to COVID-19. In addition to completing the initial allocation of USD $2 million, the Foundation has committed an additional $2M to widen its impact globally and support small businesses in this critical time of need, bringing total contributions to USD $4M.
"We are proud to extend the impact of the S&P Global Foundation through this second wave of funding," said Annette O'Hanlon, Chief Corporate Responsibility & Diversity Officer at S&P Global and President of the S&P Global Foundation. "We are committed to supporting our global community to mitigate the far-reaching effects of COVID-19. In addition, we know that small businesses are a critical engine for global growth. We're hopeful that, through our support, we can help sustain these organizations in a time of acute need."
Supporting Small Businesses
As small businesses face the strain of economic uncertainty, the Foundation is proud to support:
Global Relief Efforts
In Europe, the Foundation has partnered with the U.S. arm of the King Baudouin Foundation (KBFUS), headquartered in Brussels, which serves as an intermediary for companies in their grantmaking efforts in Europe.
KBFUS has launched a European Emergency Response Fund for countries hardest hit by the COVID-19 pandemic, currently covering Belgium, France, Germany, Italy, Spain and the United Kingdom. KBFUS will direct funds to local NGOs in these countries supporting vulnerable communities, food assistance, healthcare providers and hospitals.
The second round of giving by the Foundation will provide critical support to communities in the Asia-Pacific region, focusing on food and healthcare needs:
The Foundation is also assessing potential partners in Argentina, Brazil, Colombia and Mexico, where S&P Global office operations are located.
Augmenting Local Support
As the impact of the COVID-19 pandemic becomes more acute within the United States, the Foundation has also allocated additional grants to support local efforts.
As its Foundation looks to make an impact in the community, S&P Global has taken other steps to continue providing essential intelligence to market participants in this time of volatility.
About the S&P Global Foundation
The S&P Global Foundation is the philanthropic arm of S&P Global. The Foundation's engagement strives to make a genuine impact on the communities in which we live, with three key focus areas: Bridging the Global Skills Gap, Creating an Inclusive Economy, and Promoting a Sustainable Environment. For more information visit www.spglobal.com/foundation.
Media Contact
Tara Powers
Director, Communications
646-335-3662
tara.powers@spglobal.com