Hand sanitizer availability plummeted as the COVID-19 crisis escalated. Traditional suppliers struggled to overcome global shortages, leaving community members and first responders without access to this important virus-battling product. In response, Anheuser-Busch (A-B) pivoted several brewery operations to produce hand sanitizer and transformed its supply chain to deliver it to those who need it most. A-B leveraged partnerships with the American Red Cross and local governments to get the product delivered to frontline first responders. Since April, A-B has provided half a million eight-ounce bottles of sanitizer to emergency management agencies, food banks, and healthcare systems in 20 states and Washington, D.C.
Only 5% of disaster giving is earmarked for long-term recovery, leaving critical rebuilding needs at risk since most giving happens within two months of an incident. A large roofing and waterproofing manufacturer, GAF, is committed to supporting disaster preparedness and community resiliency across the country through its Community Matters social impact initiative. In 2017, GAF partnered with nonprofit Good360 to strengthen communities impacted by natural disasters. To date, GAF has donated $3.3 million in roofing products to vulnerable families in need, including those impacted by Hurricanes Harvey, Florence and Michael. The company also provides shipping, warehousing, and employee volunteerism. GAF and Good360 will continue to work together to respond and rebuild communities following natural disasters or global pandemics.
In response to COVID-19, Goldman Sachs has committed to deploying $775 million in lending capital and grants through its Small Business Stimulus Package. Of this total, the firm allocated $750 million to facilitate emergency loans to U.S. small businesses. Goldman Sachs leveraged its long-standing partnerships with Community Development Financial Institutions and other mission-driven lenders to deliver much needed lending capital to small businesses in distress. This effort was facilitated through the firm’s Urban Investment Group, whose work is focused on comprehensive community and economic development. The remaining $25 million from the Goldman Sachs Foundation ensured capacity building within partner organizations to quickly underwrite and deliver grants. Through this capital commitment, Goldman Sachs was able to reach over 15,000 small businesses employing more than 87,000 people, with 33% located in low-income communities. On the philanthropic side, the company enhanced its educational resources for its longstanding 10,000 Women and 10,000 Small Businesses programs to widen accessibility, created an emergency coaching program for small business owners, and online hub with tips and advice for accessing government support and outside resources.