Google-parent Alphabet to donate $800 million in response to coronavirus crisis

Alphabet will donate more than $800 million in funds towards producing medical supplies used to fight COVID-19, and in ad credits to government and health organizations and businesses, Sundar Pichai, Chief Executive Officer said on Friday.

The company is working with Magid Glove and Safety to produce 2 million to 3 million face masks, and will financially support efforts to boost the production capacity for lifesaving medical devices and personal protective equipment, said Pichai.

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The rapid outbreak, which has killed nearly 25,000 people globally, has strained healthcare systems around the world and led to a shortage of medical equipment including face masks and ventilators.

The company will provide $340 million in Google ad credits to small and medium businesses active on its platform and $250 million in ad grants for the World Health Organisation and many government agencies, Pichai said in a blog post.

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A $200 million investment fund that will support NGOs and financial institutions around the globe to help provide small businesses with access to capital.