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February 3 , 2021 IAC IAC Q4 2020 Shareholder Letter Dear Shareholders , Page 1 of 10 At IAC , 2020 was a year of giving back . Not just giving back via spinoffs or distributions to the shareholders who have supported us , but giving back to the communities that have enabled us . Our businesses helped more hard working service professionals ( from plumbers to nurses to care givers ) find work , more businesses reach their customers and employees from home , and millions of families fix their homes , take care of their children , tell their story ( through video ) , or just stay reliably informed . 2020 also served to remind us all of our obligation to support - in permanent and structural ways ― the immediate needs of our community due to COVID - 19 as well as long term economic and social fairness . In 2020 , we funded the initial $ 25 million endowment of the IAC Fellows Program , a groundbreaking program designed to develop and nurture young talent from socioeconomically disadvantaged and underserved backgrounds . IAC and its employees also rallied to respond to the challenges of COVID - 19 , not only through generous giving which IAC matched 5 - to - 1 , but through PPE donations for first responders , grocery deliveries to neighbors in need , and repurposing our headquarters ' lobby into a full - time home for our local public school , complete with an extended - day afterschool program . Our businesses found ways to help as well : Care.com offered free memberships to frontline workers ; Vimeo provided free tools for local shops on lockdown and grants for small businesses ; NurseFly connected thousands of nurses to hospitals in COVID - 19 hotspots across the country ; ANGI Homeservices led calls to Congress to provide aid to millions of dedicated home service professionals who continued to provide essential services through the pandemic .