Netflix CEO Reed Hastings Donates $30 Million to Coronavirus Vaccine Development

Amid the COVID-19 pandemic, the donation will help fund immunization programs in lower-income countries and fast-track coronavirus vaccine development

Reed Hastings
Reed Hastings. Photo: Carlos Alvarez/Getty

Netflix CEO Reed Hastings and his wife Patty Quillin have donated $30 million to coronavirus (COVID-19) vaccine development and global immunization programs.

Hastings and his wife presented the funds to Gavi Alliance, a Geneva-based nonprofit immunization organization founded by the Bill and Melinda Gates Foundation, according to Variety. The money will go toward Gavi Alliance’s goal of accelerating coronavirus vaccine development and assisting with manufacturing and distribution once it’s available.

The donation, which was announced on Friday, is Gavi Alliance’s first private-sector contribution toward the non-profit’s goal to raise $7.4 billion to immunize 300 million children over the span of five years.

The funds will help Gavi Alliance support immunization programs in lower-income countries around the world, Variety reported.

Hastings said in a statement to Variety: “Global immunization is vital to ending this terrible pandemic, and Gavi’s hard-fought gains in this area will help prevent more lost lives and livelihoods.”

“We hope that our contribution will help those most in need, but also to inspire other businesses, entrepreneurs and organizations to join in this urgent effort,” Hastings added.

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Since its founding in 2000, Gavi Alliance says it has helped immunize more than 760 million children around the world.

As of Friday, there are now 2,173,432 confirmed cases of coronavirus and 146,291 deaths worldwide. At this time, there are at least 667,945 confirmed cases of coronavirus in the United States, the most worldwide. At least 30,665 people in the U.S. have died from coronavirus-related illness.

As information about the coronavirus pandemic rapidly changes, PEOPLE is committed to providing the most recent data in our coverage. Some of the information in this story may have changed after publication. For the latest on COVID-19, readers are encouraged to use online resources from CDC, WHO, and local public health departments. PEOPLE has partnered with GoFundMe to raise money for the COVID-19 Relief Fund, a fundraiser to support everything from frontline responders to families in need, as well as organizations helping communities. For more information or to donate, click here.

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