GE Donates $1.1 Million to Hurricane Sandy Relief
GE Foundation donates $1 million to the American Red Cross Disaster Relief Fund
$100,000 to the United Way of America for local community needs
Supports employee giving with 100% matching gift to the American Red Cross or other disaster relief organizations
FAIRFIELD, Conn.--(BUSINESS WIRE)-- In response to Hurricane Sandy, GE today gave $1.1 million to support relief and recovery efforts throughout the Northeast of the United States. One million dollars was given to the American Red Cross Disaster Relief Fund. The additional $100,000 dollars was given to the United Way of America for them to direct to local communities where they determine the need is greatest.
GE's contribution to both organizations provides immediate support to disaster response efforts and brings much needed relief to all of those affected by the hurricane. Additionally, GE's Volunteer Councils are engaged with local non-profits to also respond to needs on the ground.
"While state and local governments as well as relief organization are still in the middle of determining the exact needs as a result of Hurricane Sandy, we have employees, customers and neighbors who have lost or damaged homes, or who are still living without power," said Bob Corcoran, vice president of GE Foundation. "Through our partner relief organizations, GE can help those in need in the aftermath and we will."
In addition to these contributions, the GE Foundation supports disaster relief through a $1 million grant to the American Red Cross Annual Disaster Giving Program. This program ensures an immediate response to meet the needs of people who are affected by all disasters. GE also helps local communities through our more than $8 million contribution to 500 United Way organizations throughout the United States and in a few other countries.
The GE Foundation also amplifies the charitable efforts of employees and retirees with a 100% match of their funds to qualified relief organizations. The GE Foundation created its matching gift program in 1954 to support employees in their personal philanthropy by providing a dollar-for-dollar match.
To read more about how GE businesses are working with their customers to respond to Hurricane Sandy, follow GE Reports.
About the GE Foundation
The GE Foundation, the philanthropic organization of GE, works to solve some of the world's most difficult problems. With its partners, the GE Foundation focuses its efforts in the areas of health, education, the environment and disaster relief. In 2011, the GE family invested more than $198 million to global community and educational needs. For more information, visit www.gefoundation.com.
GE (NYS: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
203-373-2851 or 203-224-9613 (cell)
KEYWORDS: United States North America Connecticut New York
The article GE Donates $1.1 Million to Hurricane Sandy Relief originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.