25044024: Ellison Foundation Pledges $100 Million Donation to End Polio
- Feb 10 5:24 PM
Ellison Foundation Pledges $100 Million Donation to End Polio
The Lawrence Ellison Foundation, created by Oracle Corp. (ORCL)’s chief executive, pledged $100 million toward the effort to eliminate polio, the Global Polio Eradication Initiative said in a statement.
The donation, $20 million of which was given last year, will help fund the initiative’s $5.5 billion, six-year plan to eradicate the disease, the group said in the statement. Nine other philanthropic groups have made pledges totaling $535 million, in addition to a $1.8 billion commitment made by the Bill & Melinda Gates Foundation for efforts between 2013 and 2018, the GPEI said.
The Global Polio Eradication Initiative is a partnership between the World Health Organization, Rotary International, U.S. Centers for Disease Control and Prevention and the United Nations Children’s Fund. The initiative said more than 35 government and private donors pledged $4 billion to help eradicate polio at a summit last April in Abu Dhabi.
Larry Ellison is the founder and the biggest shareholder of Oracle, which supplies databases, business applications and computer servers. He ranks eighth in the Bloomberg Billionaires Index with a net worth of $42.6 billion, down $1.1 billion this year.