For decades, the fight for the prevention initiatives of AIDS and the development of a cure continues. On the bright side, we are one or a few steps closer to having a cure as new financiers achieve the highest funding point since 2008.
Every day, hundreds or thousands of people are either infected with HIV/AIDS or have died due to the disease. It has claimed even the lives of some of the most iconic and influential people. Fortunately now, thanks to advancements in medicine and technology, we are now a few steps or a step closer to developing a cure. In the meantime, AIDS prevention initiatives are being carried out all over the world, and a lot of people are getting involved in funding for further research.
The Funders Concerned About AIDS or FCAA has recently come out with their 14th annual Philanthropic Support to Address HIV/AIDS report. According to them, the funding for HIV/AIDS research this year increased by 10 percent since 2014. That is already a big increase in terms of funding. Adding to the good news, it is at its highest yet since 2008, having raised a big $663 million for research and prevention.
A Dramatic Increase
While the funds to carry out various AIDS prevention initiatives has achieved an all-time high, it is still not enough. FCAA Executive Director John L. Barnes stated that even though the increase in funds is encouraging, more efforts are needed. This is in order to secure all the resources needed to meet HIV and AIDS patients all over the world. Barnes also placed an emphasis on the fact that the philanthropic resources that are distributed to fight the battle against the disease are only among a small number of donors.
The downside of this is that it will leave room for issues pertaining to the decisions of the group of donors worldwide.
It was in 2015 that an increase in funds was made. Among them was Gilead Sciences, who donated $51 million more than their donation in 2014. Other funding groups for AIDS prevention initiatives like the MAC AIDS Fund, ViiV Healthcare, Children’s Investment Fund Foundation, and Johnson & Johnson have each donated about $5-13 million in 2014 and 2015.
While this showed tremendous growth, other funding organizations donated a little less.
The FCAA also released a breakdown of funding for the first time ever this year, which reveals the significant efforts of the funding organizations that focus primarily on HIV/AIDS prevention initiatives. There is a total of 25 organizations overall, making up of only 5 percent of funders. These organizations have provided assistance in supporting key communities among other services.
FCAA Board Chairman and Executive Director of the Washington AIDS Partnership Channing Wickham stated that being able to develop a cure for HIV/AIDS will enable everyone to look past the list of the 25 organizations. It will also shed light on certain issues that play a role “in fueling HIV/AIDS.” Issues such as racism, homophobia, reproductive health and justice, and poverty.
The 2015 report revealed that the Eastern and Southern Africa are the regions to receive the most private philanthropic funding, which amounts to $173 million. Among the country recipients, the US was at the top, having been given $168 million. The top demographics that were given funding for the epidemic included women and girls, children from ages 0 to 14, young adults aged 15-24, and health care workers.
Most of the funding were naturally used for research, obtaining a solid $220 million. As for treatment, $162 million was distributed while preventive measures were given $134 million. Social services were given $94 million as well.
On the other hand, advocacy funding showed a big increase by $32 million from 2014 to 2015.
Despite the disease continuing to endanger and end thousands of lives, there is still hope as we find ourselves closer to getting a cure.
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