On July 20, 2022 Gilead Sciences, Inc. (Nasdaq: GILD) reported an $85 million contribution to the Gilead Foundation to further the company’s vision of creating a healthier world for all people (Press release, Gilead Sciences, JUL 20, 2022, View Source [SID1234616813]). This donation builds on the endowment Gilead announced last year to recapitalize the Gilead Foundation, with a new vision and mission to create impact in the community and society by encouraging a culture of giving, engaging in local communities and exploring innovative approaches to complex social issues.

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"Our additional contribution to the Gilead Foundation demonstrates our continued commitment to supporting communities and advancing health equity," said Andrew Dickinson, Chief Financial Officer, Gilead Sciences and Director, Gilead Foundation. "We are proud to dedicate our philanthropic resources in this way because we believe a more just society is a healthier one."

One of the Gilead Foundation’s giving pillars is the innovative Creating Possible Fund, which will announce its inaugural cohort of grants later this fall with the theme of Advancing Health Prosperity Through Education Equity, which is focused on addressing systemic barriers to equitable education for underserved and excluded adolescents. Research is clear that closing gaps in educational outcomes is necessary to promote health equity for underserved and excluded communities. The Gilead Foundation is committed to supporting efforts to ensure that all people have full and equal access to educational and economic opportunities that enable them to lead healthy lives.

The Gilead Foundation also supports charitable programs in local communities where Gilead employees live and work. Near its headquarters in San Mateo County, the Gilead Foundation recently provided the local school district with funding for STEM programming, as well as support for a mobile education and health program for underserved farmworker communities.

"Gilead is a pioneer in corporate stewardship and investing in the local community," said Annie Tsai, Board President, San Mateo-Foster City Education Foundation. "It has been an honor to collaborate with the Gilead Foundation on expanding opportunities for STEM learning at SMFCSD, San Mateo County’s largest public school district. As we live in an area with one of the largest wealth gaps in the country, achieving educational equity for all of our community’s children is our priority and we are thrilled that Gilead has chosen to invest their resources into this important initiative."

The Gilead Foundation also encourages a culture of employee giving through its donation matching program for employees, Giving Together.

"We have seen how generous our employees are – a recent matching donation program for employees in support of humanitarian relief efforts in Ukraine has raised more than $750,000 to date, in addition to the $3 million donated by the Gilead Foundation," said Jyoti Mehra, Executive Vice President, Human Resources, Gilead Sciences and Director, Gilead Foundation. "Gilead’s employees work hard to bring new possibilities to millions of patients around the world, and they are equally committed to creating new possibilities for health prosperity for all people through the Gilead Foundation."

The Gilead Foundation is one example of the philanthropic reach of the company, whose global corporate giving is recognized as the number one funder in HIV: View Source