Greek Foundation gives world a 100 million dollar relief fund to fight the coronavirus pandemic

Stavros Niarchos Foundation

Stavros Niarchos Foundation

Following its announcement of a multi-million dollar health initiative in Greece, the Stavros Niarchos Foundation (SNF) on Tuesday announced a new international initiative worth 100 million US dollars, which aims to help address the impact of the coronavirus pandemic across the globe.

According to the SNF, the project, titled 'Global Relief Initiative for the Covid-19 pandemic', is launched with a starting fund that will boost medical research and the Foundation’s international grantee partners.

SNF will support effective testing, treatment, and prevention projects, starting with an immediate grant of 3 million US dollars to the Rockefeller University “to support the world-class institution’s round-the-clock research related to Covid-19,” the Foundation, which has offices in Athens and New York, said on Tuesday.

The Foundation is also in the midst of a 450 million dollar health initiative in Greece, which involves the collaboration of both the state and private sectors. This project includes the construction of three new hospitals, emergency and diagnostic equipment, trauma care training, nursing education, and infectious disease training.