Flourish traditionally focuses on venture investments that advance financial health. Flourish’s commitment will enable the relief fund to reach approximately 1,000 families around the country with $1,000 direct cash payments. GiveDirectly also received $1 million from Flourish, a Venture of The Omidyar Group. All of the proceeds from the sale of these shirts will benefit GiveDirectly and World Central Kitchen. Last week, The Late Show with Stephen Colbert announced it is raising money for GiveDirectly through the sale of special “ United we stand, divided” t-shirts.
Since 2012, has provided over $10 million to GiveDirectly to support unconditional cash transfers and the research that validates this approach. As one of GiveDirectly’s earliest funders, this builds on a long relationship between GiveDirectly and. Of the new funding, $2 million will be dedicated to support San Francisco Bay Area residents, supporting over 2,000 more families in the form of cash payments. While government stimulus checks are set to reach families as early as April 9, many of those who need it most likely won’t get it in time, or at all, to fulfill their most basic necessities such as rent, groceries and healthcare. This latest round of funding triples GiveDirectly’s emergency fund which is actively providing $1,000 in direct cash payments to families hardest hit by the COVID-19 crisis. Today, GiveDirectly announced $3 million in new funding for its COVID-19 Relief Fund from, Google CEO Sundar Pichai, and Flourish Ventures.
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