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Corporations, Nonprofits Giving Tops $1 Billion for Gulf Coast

NEW ORLEANS (AP) - A new report shows corporations and nonprofits have donated more than $1 billion in cash and services to the Gulf Coast since the 2005 hurricanes.

The report, being released today by the Foundation Center, is billed as the most comprehensive look at disaster-related giving and based on gifts and pledges reported by more than 850 donors, from August 2005 to June 2007.

The report says the largest named recipient of contributions from institutional donors -- corporations, foundations, business and professional groups -- was the national headquarters of the American Red Cross, designated to receive about $200 million.

Second was the Bush-Clinton Katrina Fund, with about $32 million. Overall, the report found most giving went to such "intermediary" groups outside storm-ravaged Louisiana and Mississippi.

The report says the 10 biggest corporate donors accounted for nearly one-third of documented cash gifts from corporate foundations and aid programs. The top corporate donor was the Chevron Corporation Contributions Program, with $26 million.

Ten foundations also made commitments of at least $10 million. Topping that list: the Bill & Melinda Gates Foundation, W.K. Kellogg Foundation, Lilly Endowment and Ford Foundation.

(Copyright 2007 by The Associated Press. All Rights Reserved.)


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