• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
HealthCoronavirus

The Gates Foundation is pledging up to $100 million for the fight against coronavirus

By
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
By
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
February 5, 2020, 9:01 AM ET

The Bill & Melinda Gates Foundation is ramping up its efforts to fight the Wuhan coronavirus outbreak with a substantial pledge—up to $100 million to assist detection, containment, and treatments as the so-called 2019-nCoV virus wreaks havoc across multiple nations in Asia and Africa.

“Our hope is that these resources will help catalyze a rapid and effective international response. This response should be guided by science, not fear, and it should build on the steps that the World Health Organization has taken to date,” said Gates Foundation CEO Mark Suzman in a statement.

The $100 million total includes $10 million that the philanthropic organization already dedicated to coronavirus containment efforts in January.

The money, according to the organization, will come in stages—including an immediate $20 million commitment for a number of public health organizations such as the WHO, the CDC, and health workers on the front lines of fighting the virus in China.

Another $60 million will be funneled to global partners such as the Coalition for Epidemic Preparedness Innovations in order to fuel vaccine and anti-viral drug development.

It’s a curated strategy, homing in on the nations and organizations which may need—and will be able to respond—to the outbreak in an efficient manner.

Public health agencies are balancing the art of caution with the nature of the viral threat. Factors such as population density and the strength a region’s health care infrastructure play a large part in how a pathogen spreads. Furthermore, transmissibility and mortality are two separate issues: Just because you can contract something doesn’t necessarily mean it will kill you.

However, the quarantines, travel restrictions, and economic repercussions across certain countries grappling with this outbreak underscore the concerns that global health officials have given the virus’ unpredictability.

“Multilateral organizations, national governments, the private sector and philanthropies must work together to slow the pace of the outbreak, help countries protect their most vulnerable citizens and accelerate the development of the tools to bring this epidemic under control,” said the Gates Foundation’s CEO Suzma.

More must-read stories from Fortune:

—The first coronavirus drug candidate is set for testing in China
—2020 candidates on the issues that matter to working women
—What you need to know about new IBM CEO Arvind Krishna
—HBO’s “McMillion$” shows how cheaters scammed McDonald’s Monopoly
—WATCH: Why CEOs are pessimistic about 2020 business outlook

Subscribe to Fortune’s Bull Sheet for no-nonsense finance news and analysis daily.

About the Author
By Sy Mukherjee
See full bioRight Arrow Button Icon

Latest in Health

Schumer
Politicsnational debt
‘This is a bad idea made worse’: Senate Dems’ plan to fix Obamacare premiums adds nearly $300 billion to deficit, CRFB says
By Nick LichtenbergDecember 5, 2025
1 hour ago
Best vegan meal delivery
Healthmeal delivery
Best Vegan Meal Delivery Services of 2025: Tasted and Reviewed
By Christina SnyderDecember 5, 2025
1 hour ago
Retailmeal delivery
Best Prepared Meal Delivery Services of 2025: RD Approved
By Christina SnyderDecember 5, 2025
2 hours ago
Gen Z
EconomyGen Z
America, meet your alienated youth: ‘Gold standard’ Harvard survey reveals Gen Z’s anxiety and distrust, defined by economic insecurity
By Nick LichtenbergDecember 4, 2025
1 day ago
Jensen Huang
SuccessBillionaires
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant ‘state of anxiety’ out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
1 day ago
Healthmeal delivery
The 6 Best Meal Delivery Services for Singles in 2025
By Christina SnyderDecember 4, 2025
1 day ago

Most Popular

placeholder alt text
Economy
Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt
By Eleanor PringleDecember 4, 2025
1 day ago
placeholder alt text
Success
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
By Preston ForeDecember 4, 2025
1 day ago
placeholder alt text
Success
Nearly 4 million new manufacturing jobs are coming to America as boomers retire—but it's the one trade job Gen Z doesn't want
By Emma BurleighDecember 4, 2025
1 day ago
placeholder alt text
Success
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant 'state of anxiety' out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
1 day ago
placeholder alt text
Real Estate
‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida
By Sasha RogelbergDecember 4, 2025
1 day ago
placeholder alt text
Economy
Tariffs and the $38 trillion national debt: Kevin Hassett sees ’big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’
By Nick LichtenbergDecember 4, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.