The UPS Foundation commits US$ 3 million to Gavi

The UPS Foundation, which leads the global citizenship programs for UPS (NYSE: UPS), and Gavi, the Vaccine Alliance, announced a commitment of US$ 3 million in new funding and in-kind logistics support spanning two years, provided by UPS and The UPS Foundation to Gavi.

The new support will enable Gavi to continue to strengthen supply chain networks that deliver life-saving vaccines to children in the world’s poorest countries, and expand coverage of essential childhood vaccines with the mission of eliminating childhood deaths from avoidable diseases.

The UPS Foundation’s contribution of US$ 2 million in cash and US$ 1 million in UPS in-kind services, combined with a match of US$ 2 million from the Gavi Matching Fund, results in a total of US$ 5 million toward an expansion of previous shared efforts by the organizations. The contribution will apply to Gavi’s 2021 to 2025 strategic period. The Gavi Matching Fund was created in 2011 to encourage businesses to invest in global immunization.

This commitment extends The UPS Foundation’s and UPS’s long-time partnership with Gavi and draws on the company’s deep expertise in healthcare supply chain management.

“Strong and efficient supply chains are essential to Gavi’s work,” said Dr. Seth Berkley, CEO of Gavi. “With support from The UPS Foundation, we have in recent years been able to greatly enlarge and improve supply chains that Gavi-eligible countries rely on to deliver vaccines, even in some of the most remote areas of the world. We’re extremely grateful to The UPS Foundation, whose close partnership with Gavi has yielded truly groundbreaking accomplishments. We’re excited to move ahead with the next chapter of this enormously fruitful relationship.”

This new contribution from The UPS Foundation, combined with the Gavi Matching Fund, will be used to support Gavi’s supply chain initiatives across the 2021-2025 period.

Original source: Gavi
Published on 01 June 2020