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March 3, 2020 | COVID-19

Relief Resources for The Coronavirus Outbreak

We recently posted about the Coronavirus (Covid-19) and the public fear that has affected the financial markets. Historically, viruses like this cause widespread human and economic impact until outbreaks are better controlled. Recently, the World Health Organization (WHO) declared the Coronavirus a Public Health Emergency of international concern, with nearly 90,000 cases confirmed – mostly concentrated in China. However, confirmed cases exist in 57 countries including the United States, according to WHO officials.

As the global spread of the Coronavirus continues, governments, the scientific community, and nonprofits are focused on containing the virus, providing relief to those impacted, educating the populations at risk, and researching possible vaccinations. While our Investment Team continues to stay updated on how the virus affects our global and local financial markets, our Philanthropy Team has compiled information regarding the best ways to help and donate.

To ensure that your charitable dollars are used wisely and effectively, donations should be made to well-established, qualified charities with a proven track record. Too often, fraudulent organizations that seem like legitimate charities are set up to accept donations from well-meaning people in times of emergencies and disasters.

Monetary donations are the most efficient way to support immediate, short-term relief efforts. The following organizations can accept donations and quickly put them to use:

Tolleson Wealth Management’s dedicated Philanthropy Team is available to help evaluate the best way to carry out your charitable intentions and to facilitate your donations. For additional information on the variety of charitable giving options available to you or to discuss more about your overall giving strategy, please contact your Tolleson Wealth Management Advisor or the Philanthropy Team at 214-780-2663 or PhilanthropyServices@tollesonwealth.com.