Blue Meridian is committed to addressing both the short and long-term impacts of COVID-19. The pandemic is causing immense and disproportionate harm to the most vulnerable people in the United States, especially Black, Latino/a, and Indigenous communities who are experiencing the greatest health and economic fallout. Our COVID-19 Emergency Relief portfolio focuses on supporting organizations who are providing immediate relief to these communities. Our approach is guided by three mantras: act now, partner with others, and trust social sector leaders and community members to know what meets their needs. We have allocated more than $150 million in emergency relief funding to help the hardest-hit populations, primarily through direct cash assistance and access to critical public benefits.
We are also adapting investment strategies across portfolios to address the emerging long-term implications of this crisis and the urgency of promoting an equitable recovery. The personal, social, and economic devastation caused by COVID-19 highlights the need for bold, scalable solutions to our most intractable problems – solutions that confront the systemic barriers holding problems in place, especially in disproportionally impacted communities, and trapping people in poverty.
We continue to support our existing investees in addressing urgent needs faced by their organizations and in adapting their strategic plans to help the communities they serve build back stronger from the COVID-19 pandemic. We recognize that this will be a lasting effort.