Coca-Cola Awards $13.5m to Non-profits

Wednesday 25th of March 2020

Coca-Cola Awards $13.5m to Non-profits

The Coca-Cola Foundation announced that it will award a total of $13.5 million in grants to five non-profit organizations that are working on the front lines of the US and Canadian humanitarian response to the coronavirus pandemic.

Chairman and chief executive officer of The Coca-Cola Company: We are deeply concerned about the growing impact of coronavirus in Atlanta and beyond, especially in the most vulnerable parts of our communities. We are using the resources of our company and The Coca-Cola Foundation to make a difference by providing much-needed assistance to organizations that are positioned to mobilize quickly and provide essential humanitarian relief.

Organizations receiving grants immediately are Feeding America, Boys’ and Girls’ Clubs of America, Boys’ and Girls’ Clubs of Canada, Food Banks Canada and Centre for Disaster Philanthropy. There has been a total 54,881 cases in United States and 782 deaths.

Although the sales of the company will fall down as the economy goes into a slump, Coca-Cola CEO and Chairman James Quincey says he's nowhere near ready to panic. "We’ve got crisis adjustment in our DNA." He said he remains optimistic about The Coca-Cola Co.'s long-term health and its increasingly diversified beverage portfolio.