We are acutely aware that the coronavirus pandemic is causing immense, disproportionate harm to the most vulnerable people in the US. Blue Meridian’s immediate response is guided by three mantras: act now, partner with others, and trust social sector leaders and community residents. In this vein, we are committing $100 million for COVID-19 emergency relief to help low-income people who are at the greatest risk of falling through the cracks receive direct cash transfers and get access to public benefits for which they are already eligible.
Beyond the emergency relief funding, we are dedicated to supporting our existing investees to help them weather the storm and, when they are ready, accelerate work to meet the growing needs this pandemic has engendered. Additionally, Blue Meridian will continue to adapt our investment approach to ensure recovery can take hold in marginalized communities that suffer disproportionately due to historic and systemic inequities.
Ultimately, we hope our efforts respond to immediate needs, support equitable recovery, and strengthen our ongoing efforts to boost economic mobility for young people and families trapped in poverty.
Funding for Blue Meridian’s COVID-19 emergency response was contributed by all our General Partners and Impact Partners.
Additional support was provided by The David Tepper Family Foundation; The Druckenmiller Foundation; The Duke Endowment; George Kaiser Family Foundation; The JPB Foundation; MacKenzie Bezos; Charles and Lynn Schusterman Family Foundation; and others.
Emergency Relief Investments
We are currently supporting social sector organizations that provide direct cash assistance to especially vulnerable individuals and families who need financial assistance immediately and cannot access public benefits quickly enough. We will also fund efforts to help millions more low-income people access billions of dollars in public aid for which they are eligible.