Please ensure Javascript is enabled for purposes of website accessibility

Google Pledges More than $800 Million in COVID-19 Aid Including Google Ad Credits

By Donna Fuscaldo - Mar 27, 2020 at 3:45PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Google has vowed to help small and medium-sized businesses and healthcare workers harmed by the COVID-19 pandemic.

Alphabet's (GOOG 0.19%) (GOOGL 0.33%) Google announced more than $800 million in COVID-19 support, including $340 million in free Google ads for small and medium-sized businesses. 

Google CEO Sundar Pichai said in a blog post Friday that the Internet giant is committed to supporting small and medium-sized businesses, health organizations and governments, and health workers on the frontlines of the pandemic

Coronavirus sign against a map.


As part of the efforts, Google is giving all small and medium-sized businesses with active accounts over the past year $340 million in Google ad credits. The credits will appear in the business's Google Ads accounts and are available to be used across its advertising platforms through the remainder of the year. 

Google also announced a $200 million investment fund to support non-government organizations and financial institutions providing small businesses with access to capital. Pichai pointed to Google's work with Opportunity Finance Network in the U.S. which provides funding for people and communities underserved by traditional banks. 

In addition to its SMB efforts, Google is donating $250 million to help the World Health Organization and more than 100 government agencies prevent the spread of the virus and help local communities. Google had initially pledged $25 million in February. It's also providing $20 million in ad grants specifically for public service announcements on relief funds and other resources for SMBs. 

The Internet giant is offering academic institutions and researchers a pool of $20 million in Google Cloud credits so they can use Google's cloud infrastructure to study potential therapies and vaccines, track data and find new ways to combat the pandemic. 

To address the shortage of medical supplies needed for the healthcare workers on the frontlines, Pichai said the company is working with Magid Glove & Safety, its longtime supplier, to produce 2 million to 3 million face masks in the coming weeks, which will be provided to the CDC Foundation. Employees across Alphabet are also working to facilitate increased production of ventilators.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Donna Fuscaldo has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alphabet (A shares) and Alphabet (C shares). The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Alphabet Inc. Stock Quote
Alphabet Inc.
$122.08 (0.33%) $0.40
Alphabet Inc. Stock Quote
Alphabet Inc.
$122.88 (0.19%) $0.23

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/15/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.