Corporate Aid Pledges Exceed $122 Million for Haitian Earthquake Relief

Strategic Insights -

Just two weeks after the earthquake struck Haiti, corporate aid pledges have exceeded $122 million, including cash and in-kind contributions. This represents the third-largest corporate response to a natural disaster. The U.S. Chamber of Commerce's Business Civic Leadership Center (BCLC) reports that 299 companies have contributed to relief efforts, with 49 of these companies having donated $1 million or more. These companies include Abbott, Bank of America, Baxter International, CitiGroup Inc., Comcast Corporation, FedEx Corporation, GlaxoSmithKline, Goldman Sachs, Google, JP Morgan Chase and Co., UPS, and Microsoft Corporation.

Key Takeaways:

  • As of 3:30 p.m. EST on January 25, corporate aid pledges for the Haitian earthquake have exceeded $122 million.
  • 299 companies have contributed to relief efforts, with 49 companies donating $1 million or more.
  • The top corporate donors include Abbott, Bank of America, Baxter International, CitiGroup Inc., Comcast Corporation, FedEx Corporation, GlaxoSmithKline, Goldman Sachs, Google, JP Morgan Chase and Co., UPS, and Microsoft Corporation.
  • The U.S. Chamber of Commerce's Business Civic Leadership Center (BCLC) has tracked corporate responses to disasters since early 2005.
  • BCLC has responded to over 1,000 inquiries and requests from partners and has provided regular updates on the level of corporate donations.
  • The BCLC's Disaster Assistance and Recovery Program facilitates effective private-sector contributions to U.S. and international disaster response and recovery efforts.

Statistics:

  • $122 million: the total amount of corporate aid pledges for the Haitian earthquake as of January 25.
  • 299: the number of companies that have contributed to relief efforts.
  • 49: the number of companies that have donated $1 million or more.
  • $1 billion: the total dollar amount of corporate aid pledged for the Hurricanes Katrina and Rita response in 2005.
  • 14 days: the time frame in which the Haitian earthquake received over $100 million in corporate aid.
  • $1.08 billion: the total amount of corporate aid pledged for the Hurricanes Katrina and Rita response in 2005.

Sources:

  • U.S. Chamber of Commerce's Business Civic Leadership Center (BCLC)
  • United States Chamber of Commerce
  • BCLC's Disaster Assistance and Recovery Program