Gilead Announces Racial Equity Community Impact Fund to Support Black Communities Across United States
December 09 2020 - 11:00AM
Business Wire
– Gilead Will Provide $10 Million in Grants
to 20 Organizations in New 3-Year Program –
Gilead Sciences, Inc. (Nasdaq: GILD) today announced the launch
of its Racial Equity Community Impact Fund, which will support
high-impact organizations working to tackle racial inequities
affecting Black communities across the United States. The fund will
initially provide $10 million in grants to 20 organizations over a
three-year period.
The program will support organizations focused on three
areas:
- Community Advocacy and Mobilization: Groups that
organize and mobilize communities to join the quest for racial
equity and social justice, working toward an equitable distribution
of resources for Black communities.
- Social Justice: Organizations and historically Black
colleges and universities (HBCUs) training the next generation of
leaders.
- Educational Innovation: Institutions focused on
providing educational advancement and career development services
for Black students, young professionals and families from cradle to
career.
“Gilead is committed to creating equitable opportunities for the
patients we serve, our employees and the communities in which we
live and work,” said Daniel O’Day, Chairman and Chief Executive
Officer, Gilead Sciences. “The Racial Equity Community Impact Fund
will provide resources to groups that are working on the frontlines
to combat social inequities directly impacting the health and
wellness of the Black community. This program is one of the ways
that we are delivering on our commitment to promote racial equity
and social justice.”
The U.S.-based organizations that will receive funding include:
100 Black Men of Metropolitan Houston, Arkansas Regional Innovation
Hub, Black Organizing for Leadership and Dignity (BOLD), Black
Youth Project 100 (BYP100), Boys and Girls Clubs of Greater
Washington, Center for Racial Justice in Education, Claflin
University, East Oakland Youth Development Center, the Equity
Alliance, Grantmakers for Girls of Color, Harlem Children’s Zone,
Horatio Williams Foundation, the Marsha P. Johnson Institute,
Morehouse College, Shaw University, Southerners on New Ground
(SONG), Spelman College, Tougaloo College, Ubuntu Inc. and Xavier
University of Louisiana.
“Gilead’s investment in the East Oakland Youth Development
Center means 1,000 families will have access to capacity-building
programs that will provide support to prepare youth and young
adults for employment, higher education and leadership
opportunities,” said Regina Jackson, President and Chief Executive
Officer, East Oakland Youth Development Center. “These kinds of
programs that provide trauma-informed care approaches are
desperately needed in Oakland these days as we seek to combat
social injustice and achieve racial equity for our community, one
family at a time. We are grateful to Gilead for the support and
partnership.”
The Racial Equity Community Impact Fund is among a number of
programs implemented at Gilead in 2020 in the area of social
justice. Gilead has also launched the Advancing Black Leadership
Strategy, sponsored by the company’s executive leadership team, to
deliver on internal inclusion and diversity goals, including
increasing the number of Black employees hired and providing
advancement opportunities for the company’s existing employees.
In July, the company announced a $1 million partnership with the
Satcher Health Leadership Institute at the Morehouse School of
Medicine to understand the impact of the COVID-19 pandemic on Black
communities and to support the creation of a Black Health Equity
Alliance composed of national thought leaders, community
representatives, scholars, researchers and policymakers. This
followed donations to the Entertainment Industry Foundation’s Know
Your Rights Camp, Race Forward, the Equal Justice Initiative and
Campaign Zero amid the violence against Black communities earlier
this year.
Gilead’s social justice work also includes a number of
initiatives aimed at promoting equity, particularly healthcare
equity, for individuals in underserved communities. The company has
committed more than $100 million over 10 years through the Gilead
COMPASS Initiative® to community organizations in the Southern
United States working to combat HIV/AIDS and in 2019 started the
TRANScend® Community Impact Fund to support organizations committed
to improving the safety, health and wellness of the transgender
community.
About Gilead Sciences
Gilead Sciences, Inc. is a research-based biopharmaceutical
company that discovers, develops and commercializes innovative
medicines in areas of unmet medical need. The company strives to
transform and simplify care for people with life-threatening
illnesses around the world. Gilead has operations in more than 35
countries worldwide, with headquarters in Foster City,
California.
For more information about Gilead, please visit
the company’s website at www.gilead.com, follow Gilead on Twitter
(@Gilead Sciences) or call Gilead Public Affairs at 1-800-GILEAD-5
or 1-650-574-3000.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201209005330/en/
Amy Flood, Media (650) 522-5643
Gilead Sciences (NASDAQ:GILD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Gilead Sciences (NASDAQ:GILD)
Historical Stock Chart
From Sep 2023 to Sep 2024