COVID-19 profoundly disrupts the lives of almost everyone around the world. From the tragic loss of life and livelihood to the less serious challenges of working from home and school, everyone is trying to navigate uncharted waters. This has created widespread fear and insecurity, but also a gathering of people and communities looking for ways to help.
As a business-driven company with employees and customers in dozens of countries around the world, Ripple for Good is donating to donations and campaigns to help communities affected by this pandemic.
First, we’re giving back in the Bay Area – food shortages for tens of thousands are increasing dramatically as a result of job losses, business closures, and overdue rent payments. In response, Ripple and its co-founder Chris Larsen are donating $ 5 million. $ 1 million each to five food banks and food service providers serving families and individuals in the area:
- Alameda County Community Food Bank: Every dollar donated provides two meals for vulnerable families and individuals in Alameda County.
- Loaves & Fishes Family Kitchen: Since its inception, Loaves & Fishes has provided over 6.5 million meals for low-income, disadvantaged people and families.
- Samaritan House: The Samaritan House leads the fight against poverty in San Mateo County by providing vital services and personal support.
- San Francisco-Marin Food Bank: The Food Bank serves 32,000 families per week in San Francisco and Marin. That number has already risen by a third in the past few weeks.
- Second Harvest in Silicon Valley: The second harvest supplies food to more than a quarter of a million people in Santa Clara and San Mateo counties each month.
The Silicon Valley Community Foundation (SVCF) quickly established a number of Emergency Response Funds to help individuals and families, nonprofits, and small businesses in need in all nine Bay Area counties. Ripple also contributed to this fund.
Despite the Bay Area’s dynamic economy and wealth, one in five has less than $ 400 in their bank account. For them, our regional economy and the civil and social fabric of the Bay Area, COVID-19 is not only an immediate threat, but also a detrimental long-term threat.
The extent and immediacy of the situation call for extreme generosity.
And many industry leaders are strengthening themselves. Google announced it would donate $ 1 million to families in the Bay Area, with an additional $ 1 million direct from CEO Sundar Pichai. Apple has pledged $ 15 million and will adjust employee contributions on a two-for-one basis to lessen the impact of the pandemic.
Efforts at the grassroots level are also increasing. Technology leaders are working with local funders, nonprofits, and government agencies to move beyond restoration to resilience and sustainability in areas such as homelessness, affordable housing, and public transportation. Together we will work to reduce the economic and social impact of COVID-19 after the economy reopens.
Tech has built a reputation for ruthlessly disrupting people. for “moving fast and breaking things” but not building, or in this case rebuilding. If we can maintain this dynamic and work in partnership, the industry will have the opportunity to improve people’s lives – not just in times of crisis, but also when we find our balance in the new normal.