Gilead Sciences Endows Its Foundation With More Than $200 Million to Support Health Justice, Community Giving and Employee Match Program
August 03 2021 - 10:45AM
Business Wire
Gilead Sciences, Inc. (Nasdaq: GILD) today announced a more than
$200 million endowment to the Gilead Foundation to further the
company's vision of creating a healthier world for all people. The
Gilead Foundation, established in 2005, builds on the company’s
longstanding commitment to supporting underserved communities
around the world. It aims to create impact in the community and
society by encouraging a culture of giving, engaging in local
communities and exploring innovative approaches to complex social
issues.
“Giving back to charitable organizations in the communities in
which we live and work has helped define Gilead as a company,” said
Keeley Wettan, Senior Vice President, Legal, Gilead Sciences and
Gilead Foundation Board Chair. “Gilead’s employees work hard every
day to bring new possibilities to millions of people around the
world, and we are proud that the Gilead Foundation will be able to
create new possibilities for organizations that are doing the
same.”
The Gilead Foundation has three core programs: the Creating
Possible Fund, charitable donations to local community
organizations and the donation matching program for employees.
A new pillar of the Gilead Foundation is the Creating Possible
Fund, which will award grants to organizations that aim to build a
more just society with a focus on health justice. Funding will
support innovative approaches to complex social issues, especially
those affecting the most underserved members of society, including
people of color and LGBTQ+ youth. Additional details about the
fund, including information on how to apply, will be announced
later this year.
The charitable donations program contributes to local
communities where Gilead employees live and work, with an emphasis
on programs that support social service programs, including
responding to disaster and humanitarian relief efforts. Similar to
Gilead’s other philanthropic efforts, the Gilead Foundation will
partner with internal and external stakeholders to inform
programmatic priorities and strategies. The application process for
these grants also will be announced later this year.
The donation matching program for employees, Giving Together,
will increase the annual match for donations made by Gilead
employees to eligible nonprofit organizations to $15,000. A special
campaign will match donations to Room to Read, The NEA Foundation
and the Oakland Public Education Fund’s #OaklandUndivided campaign
during the month of August.
The Gilead Foundation programs broaden the philanthropic reach
of the company, whose giving focuses on improving access to
healthcare, reducing health barriers for underserved populations
and advancing disease education in Gilead’s therapeutic areas of
focus. In 2020, Gilead provided $409 million globally in cash
donations to organizations addressing community need in areas such
as COVID-19, co-pay assistance, racial equity, wildfire relief and
LGBTQ+ support.
For more information on the Gilead Foundation, visit:
https://www.gilead.com/purpose/giving/gilead-foundation.
About Gilead Sciences
Gilead Sciences, Inc. is a biopharmaceutical company that has
pursued and achieved breakthroughs in medicine for more than three
decades, with the goal of creating a healthier world for all
people. The company is committed to advancing innovative medicines
to prevent and treat life-threatening diseases, including HIV,
viral hepatitis and cancer. Gilead operates in more than 35
countries worldwide, with headquarters in Foster City,
California.
Gilead has promoted equity, particularly healthcare equity,
since the company brought its first therapies to the market.
Through global partnerships, Gilead’s medicines today reach
millions of people in low- and middle-income countries around the
world. In the United States, Gilead has committed more than $100
million over 10 years through the COMPASS Initiative® to community
organizations that are working to combat HIV in the U.S. South. In
2020, Gilead launched the Racial Equity Community Impact Fund to
support organizations tackling racial inequities affecting Black
communities across the United States.
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.
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Jacquie Ross, CFA, Investors (650) 358-1054
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