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US companies have contributed millions of dollars towards disaster
relief efforts after the devastation caused by Hurricane Katrina in the
states of Louisiana, Mississippi and Alabama.
One of the biggest donors has been Wal-Mart, the world’s largest retailer, which pledged $17million (£9.3m). It has also set up temporary stores in areas hit by the hurricane and provided goods such as free clothing, food, bedding and water to victims.
Other significant cash contributions have been made by Freddie Mac ($10.1m), General Electric ($6m), Starbucks ($5m over five years), Coca-Cola ($5m), Honda ($5m), Toyota ($5m), Walt Disney ($2.5m), Abbott ($2m) and Bayer ($2m).
As one of the biggest employers in the affected region, the oil industry was also quick to respond. Donations included $7m by ExxonMobil, $5m by ChevronTexaco, $3m by ConocoPhillips and $2m by Shell Oil. Amerada Hess, the BP Foundation and Occidental Petroleum all offered $1m.
The Chronicle of philanthropy, a publication on giving for the non-profit sector, said private sector contributions had reached $229m in the two weeks after the disaster, representing almost a third of total donations, which were estimated at $739m. By comparison, US charities collected $1.3billion and $2.2bn in response to the tsunami and September 11 attacks.
In-kind gifts, whereby businesses give products or services, have been significant. The broadcast company, Comcast, for example, offered $10m worth of advertising time for public service announcements. Unilever topped up its $1m cash donation with products worth $1.6m.
One of the biggest donors has been Wal-Mart, the world’s largest retailer, which pledged $17million (£9.3m). It has also set up temporary stores in areas hit by the hurricane and provided goods such as free clothing, food, bedding and water to victims.
Other significant cash contributions have been made by Freddie Mac ($10.1m), General Electric ($6m), Starbucks ($5m over five years), Coca-Cola ($5m), Honda ($5m), Toyota ($5m), Walt Disney ($2.5m), Abbott ($2m) and Bayer ($2m).
As one of the biggest employers in the affected region, the oil industry was also quick to respond. Donations included $7m by ExxonMobil, $5m by ChevronTexaco, $3m by ConocoPhillips and $2m by Shell Oil. Amerada Hess, the BP Foundation and Occidental Petroleum all offered $1m.
The Chronicle of philanthropy, a publication on giving for the non-profit sector, said private sector contributions had reached $229m in the two weeks after the disaster, representing almost a third of total donations, which were estimated at $739m. By comparison, US charities collected $1.3billion and $2.2bn in response to the tsunami and September 11 attacks.
In-kind gifts, whereby businesses give products or services, have been significant. The broadcast company, Comcast, for example, offered $10m worth of advertising time for public service announcements. Unilever topped up its $1m cash donation with products worth $1.6m.
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