The eBay Foundation has just ramped up its pandemic-focused grant-making to help more nonprofits and small businesses. LISC, a recipient of a portion of the largest donation in the e-commerce giant's history, will in turn deploy the grant money as part of its Rapid Relief & Resiliency Fund to support entrepreneurs, nonprofits and residents in underinvested communities across the country.
eBay Foundation Increases Grantmaking to Nearly $15 Million to Support COVID-19 Relief Efforts and Employee Matching
Additional $10 million in grants, the largest in the Foundation’s history, will support nonprofits and small businesses amid global pandemic.
The eBay Foundation is announcing this week $10 million in grants to support COVID-19 relief worldwide, increasing its efforts to a total of nearly $15 million in COVID-19 related grants to date. So far in 2020, the Foundation has tripled grantmaking from 2019; this week’s additional funding round is the largest in its history and comes at a vital time for communities and small businesses adversely impacted by the pandemic.
"As we navigate our ‘new normal’ amid COVID-19, we all hear — and say — what an unprecedented time this is, and that is undoubtedly true,” said Allie Ottoboni, president, eBay Foundation. “And so, we felt it was critical to meet the moment and provide an unprecedented level of funding from the eBay Foundation to underrepresented entrepreneurs and small businesses who make our communities what they are."
The additional wave of grants will be disbursed among local, national and international organizations, including Kiva, the World Health Organization, Local Initiatives Support Corporation (LISC), Start Small Think Big and ICA Fund Good Jobs. Part of the funding also will go toward Global Give, eBay’s annual employee grantmaking program to support small businesses and entrepreneurs.