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It’s been more than a week since Superstorm Sandy touched down on the East Coast, causing massive damage to homes, property and halting business productivity.   But throughout it all, disaster relief organizations such as the Red Cross, Salvation Army, United Way and the AARP Foundation, continue to see an outpour of donations from major corporations and the private sector. The Red Cross alone has raised $145 million which is $136 million more than what was raised during Hurricane Isaac, another storm that hit the Gulf Coast earlier this year. According to CNNMoney.com, companies like Apple ( AAPL , Fortune 500 ), Coach ( COH ), JPMorgan Chase ( JPM , Fortune 500 ), Walt Disney ( DIS , Fortune 500 ), FedEx ( FDX , Fortune 500 ), Goldman Sachs ( GS , Fortune 500 ), Hess ( HES , Fortune 500 ), Prudential ( PRU , Fortune 500 ) and UPS ( UPS , Fortune 500 ), have all pledged $1 million dollars or more to the relief efforts. In addition to a substantial monetary amount, companies such as Walmart, Pepsi Cola and Del Monte Foods have donated food, supplies and first aid kits. Money raised by the Red Cross alone will be used to provide food, shelter and cleanup in the areas impacted heavily by the storm. CNNMoney.com is also reporting that the IRS has announced incentives for companies who allow their employees to use their vacations days, sick days and personal leave days in lieu of cash payments as donations.  They state, “Companies that adopt a leave-donation program like this are allowed to claim the cash payments as charitable deductions, and the amount of money donated won’t be considered part of an employee’s income or wages for tax purposes.” If you would like to make a donation to the Red Cross to continue in the relief efforts, you can do so by going online to www.redcross.org .  You can also send a donation via phone by calling 1-800-RED CROSS or by texting the word “REDCROSS” to 909999.  If you prefer to mail a check you can send your donation to: The American Red Cross, P.O. Box 37243, Washington, D.C. 20013.    

Corporations Giving Billions in Donations to Superstorm Sandy Victims

It’s been more than a week since Superstorm Sandy touched down on the East Coast, causing massive damage to homes, property and halting business productivity.   But throughout it all, disaster relief organizations such as the Red Cross, Salvation Army, United Way and the AARP Foundation, continue to see an outpour of donations from major corporations and the private sector.

The Red Cross alone has raised $145 million which is $136 million more than what was raised during Hurricane Isaac, another storm that hit the Gulf Coast earlier this year.

Read Original Article At Techyville


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