Moderna Puts $50 Million Into Foundation for Covid’s Hardest-Hit

Covid-19 vaccine maker Moderna Inc. committed $50 million to a foundation supporting public-health and other charitable programs that help those suffering most from the pandemic.

The foundation’s first $5 million in grants will go to the International Rescue Committee for its medical work in Africa and to several Boston-based programs, including Boston Medical Center’s support for children who lost loved ones during the global outbreak.

“It was important to us that a company who achieved its first commercial success in the context of the pandemic gave back to the very communities who were hit hardest by the Covid pandemic,” ...