Dells' foundation to give $100 million to coronavirus fight

[TexasTowelie]

Local billionaires Michael and Susan Dell are putting up $100 million through their charitable foundation to help come up with solutions for the coronavirus pandemic.

Michael Dell, founder of Round Rock-based Dell Technologies, announced through a social media post that the Michael & Susan Dell Foundation will commit $20 million toward the Therapeutics Accelerator, an effort founded by the Bill & Melinda Gates Foundation to identify potential treatments for COVID-19 and accelerate their development and distribution.

The foundation will also commit $80 million “to providing relief for the communities we serve with a focus on four areas: supporting our healthcare systems; sustaining the work of nonprofits and social enterprises; supporting our education systems; and stabilizing livelihoods and small businesses,” Dell said in a post on the social media site Linkedin.

Susan Dell told the American-Statesman that the foundation will support local nonprofit efforts aimed at helping those who are struggling through the pandemic.

Read more: https://www.statesman.com/business/20200403/dellsrsquo-foundation-to-give-100-million-to-coronavirus-fight

[Pillow talk]

1. dell is worth 35B . the reason these billionaires are holding back is because they'll need

that money to buy up the rest of a devastated world at a discount price. dell is a pretty decent guy but he is also business person that bought dell stock only 2 weeks ago. this skews capital accomplishment thus its market value