Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Eniola Odetunde/Axios

The dramatic need caused by the pandemic and the accompanying economic devastation is being partially met by innovative approaches to philanthropy.

Why it matters: The COVID-19 pandemic could lead to human misery on a scale we haven't seen for decades. Smarter and more generous volunteering and giving could help prevent the worst outcome while demonstrating the unity that is desperately needed.

What's happening: According to the nonprofit Candid, nearly $10 billion in large charitable gifts around the world has so far been donated in response to the pandemic, with much of it originating in the U.S. That's far more than was given for catastrophes like Hurricane Sandy.

  • But as great as the giving has been, the need is even greater. More than 30 million Americans have filed unemployment claims, while globally, the number of starving people could double because of the pandemic.

Be smart: There will always be a limit in what even the most generous private philanthropy can do — the size of Washington's initial stimulus package was more than 200 times bigger than those large charitable gifts. But charity can make a difference at the margins, especially if ordinary people get involved helping their neighbors.

  • Mimi Aboubaker and Elle Wilson recently launched a philanthropic startup called Perfect Strangers that aims to use gig economy tech to seamlessly connect volunteers with people in need of grocery delivery and other services during the pandemic.
  • The NGO GiveDirectly, which offers money with no strings attached to those in need, has been giving out $1,000 in direct cash grants to American families who have been hard hit by COVID-19. They've reached more than 78,000 families so far, and last month the group received $3 million in funding from Alphabet CEO Sundar Pichai, Google.org and Flourish Ventures.
"These are trying times, and any way you can get involved and help one another is important. We're attempting to make that easier."
— Mimi Aboubaker

The bottom line: We may be politically divided, but Americans can still be counted on to give their money and time to neighbors in need.

Go deeper

Updated Oct 7, 2020 - Health

World coronavirus updates

Expand chart
Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand now has active no coronavirus cases in the community after the final six people linked to the Auckland cluster recovered, the country's Health Ministry confirmed in an email Wednesday.

The big picture: The country's second outbreak won't officially be declared closed until there have been "no new cases for two incubation periods," the ministry said. Auckland will join the rest of NZ in enjoying no domestic restrictions from late Wednesday, Prime Minister Jacinda Ardern said, declaring that NZ had "beat the virus again."

Fauci's guidance on pre-vaccine coronavirus treatments

Illustration: Aïda Amer/Axios

Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.

The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.

Aug 14, 2020 - Health

The pandemic's toll on mental health

Illustration: Aïda Amer/Axios

One in four Americans between 18 and 24 years old say they've considered suicide in the past month because of the pandemic, according to a survey from the Centers of Disease Control and Prevention.

Why it matters: The findings confirm warnings from public health experts about the long-term mental health impacts from the pandemic.