NEW YORK, April 20, 2020 /PRNewswire/ -- The Elizabeth Elting Foundation announced today the launch of the Halo Fund, a new multimillion-dollar charitable initiative created to support comprehensive pandemic relief efforts – including funding for research, frontline healthcare workers, public health resources, and direct support to the country's most vulnerable and underserved communities – with an initial $100,000 donation toward helping provide food and medical support for families and individuals in need.
The EEF's Halo Fund, the first phase of which includes an initial $50,000 earmarked for The Campaign Against Hunger, $25,000 for Rescuing Leftover Cuisine, and $25,000 for the American Heart Association's COVID-19 response, comes at a time of urgent need. In what has rapidly become the fastest and sharpest economic downturn in American history, the shuttering of businesses nationwide has thrown millions out of work at a time when nearly 80% of the country lives paycheck to paycheck, putting many families' ability to meet basic needs, including food and shelter, in peril.
"At a time like this, it's impossible not to wonder how you can help," said Liz Elting, Founder and CEO of the Elizabeth Elting Foundation. "The economic and human fallout from this pandemic is obviously going to be immense, and the need to step up and help others couldn't be more urgent. How we respond to this crisis, whether we answer this call to action with everything we have, will define us for years to come."
With immediate donations that will deliver meals to those in need, medical support for NYC women living in homeless shelters, and urgently needed patient and public health resources, Halo's efforts will expand to additional areas of need and continue to provide support for the duration of the crisis, which may extend past the pandemic itself.
"This initial donation is only the starting point," said Elting. "We're actively looking for the areas where we can have the biggest impact, helping vulnerable and underserved communities, those hit hardest by the pandemic and economic downturn, and the healthcare and essential workers putting their lives on the line for us every day."
Founded by Liz Elting in 2018, the Elizabeth Elting Foundation promotes public health initiatives and education with a particular focus on lifting up women and other marginalized people. Elting, the Foundation's Founder and CEO, is one of the world's most successful self-made women, having spent over a quarter-century building her dorm-room startup into a global, industry-leading enterprise. Since departing in 2018, she has dedicated her life to charitable giving, advocacy, and service through her foundation, as well as her long-standing participation in initiatives like the American Heart Association's Go Red For Women campaign supporting women's cardiac health.
Partnering with the Foundation is the Do-Good Auto Coalition, an alliance of automotive dealerships (brought together by the Constellation Agency) volunteering to deliver supplies where they are most sorely needed. With a sponsorship from the Elizabeth Elting Foundation, the DGAC will handle the logistics of delivering food from Rescuing Leftover Cuisine to TCAH, in addition to its ongoing work facilitating rides and delivering meals, medications, PPE, and other urgently needed supplies in local communities.
About Liz Elting
Liz Elting, Founder and CEO of the Elizabeth Elting Foundation, is an entrepreneur, business leader, linguaphile, philanthropist, feminist, and mother. After living, studying, and working in five countries across the globe, Liz started TransPerfect out of an NYU dorm room. During her tenure as Co-CEO, she grew TransPerfect into the world's largest language solutions company, with over $600 million in revenue, 5,000+ employees, 11,000+ clients, and offices in more than 90 cities worldwide. Liz has been recognized as a NOW "Woman of Power & Influence," American Express' and Entrepreneur Magazine's "Woman of the Year," one of Forbes' "Richest Self-Made Women," and is a recipient of the 2019 Charles Waldo Haskins Award for business and public service from NYU's Stern School of Business.
About the Elizabeth Elting Foundation
The critical work of the future is breaking down the barriers that hold back women and marginalized people and advancing true equality for all. With an eye toward that future, the Elizabeth Elting Foundation is committed to promoting progressive and feminist efforts to eradicate systemic barriers, promote public health and education, achieve workplace equality, rise beyond the glass ceiling, and open the doors to economic independence for those society has far too often shut out.
SOURCE Elizabeth Elting Foundation