Bloomberg Announces He’s Giving $18 M To DNC, $40 M to Combat Coronavirus

Former Democratic presidential candidate Michael Bloomberg has announced this past week that he would be spending a total of $58 million to support the Democratic National Committee and combat the spread of the coronavirus.

The sums, $18 million to the DNC and $40 million to fight the worldwide pandemic, were announced just ahead of the weekend.

Bloomberg, who spent more than $500 million in his own presidential bid in 2020, previously said he would use his in-place network to support the eventual nominee. He also said he would be creating a Super PAC for the nominee. But, he ultimately decided to usher his money directly to the DNC instead.

“While we considered creating our own independent entity to support the nominee and hold the president accountable, this race is too important to have many competing groups with good intentions but that are not coordinated and united in strategy and execution,” Bloomberg’s campaign said on Friday per the Independent Journal Review. “We, therefore, believe the best thing we can all do over the next eight months is to help the group that matters most in this fight: the Democratic National Committee.”

In a press release, Bloomberg shares that his philanthropic branch would be spending $40 million in partnership with the World Health Organization to specifically target the spread of the coronavirus in “vulnerable” communities.

The press release read: “The new $40 million global initiative will support immediate action to prevent or slow the spread of COVID-19 in vulnerable low- and middle-income countries. Bloomberg Philanthropies will partner with the global health organization Vital Strategies on global response efforts, along with the World Health Organization (WHO), to support lower-income countries and cities respond to the COVID-19 pandemic.”

Bloomberg said the pandemic necessitates an unprecedented response to prevent further global damage.

“Millions of lives depend on getting the coronavirus response right – and so does the economic and social health of communities around the world. We need to slow transmission of the virus and minimize the impact of the outbreak in all countries,” Bloomberg said in the press release. “As we launch the Coronavirus Local Response Initiative this week here in the U.S., we also are creating a new effort to prevent its spread globally, particularly in Africa. I know from my experience as mayor of New York City that giving public health professionals the tools to protect the public is vital to saving lives – and to help mitigate the kind of economic and social damage that could make this crisis even more debilitating for families and communities.”

The Independent Journal Review reports:

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According to the press release, the funds will be used for the following purposes:

  • Improve infection treatment and response efforts

  • Offer training for healthcare workers with a focus on infection prevention and control

  • Development and improve laboratory systems to manage and transport samples to central laboratories for coronavirus diagnosis

  • Conduct rapid mobile phone surveys to evaluate the impact of social distancing measures such as school, church, and non-essential business closures and cancellations of large gatherings

  • Provide communications support to share information and educational campaigns

  • Provide technical assistance to health organizations both regionally and globally