Latest Numbers: Companies Contribute to Haiti Relief
Major companies continued to pour support into the Haiti relief effort following last week's devastating earthquake, and the U.S. Chamber of Commerce said corporate aid pledges had already exceeded $69 million by late Monday. (Click here for the list of companies and their donations)
European companies continued to donate as well. Deutsche Bank said it raised $4 million for Haiti relief efforts by donating all of its net agency equity trading commissions earned Friday.
A number of corporate donors pledged $1 million or more in support, including Microsoft , which pledged $1.25 million, and Digicel, which pledged $5 million.
Credit Agricole, France’s third-largest bank by market value, said it is committing 1 million euros ($1.45 million).
"The immediacy of corporate contributions indicates the level of concern for the victims of this tragedy," said Stephen Jordan, senior vice president and executive director of the Chamber's Business Civic Leadership Center.
Among other donors, health insurer Aetna said it will expand its employee assistance program and offer additional benefits to staff, plan members and families effected by the earthquake.
It is expediting the filing of life insurance claims and extending claim submission dates, and matching donations to disaster relief funds made by its employees.
The company is also offering assistance and medical evacuation to customers who have employees in Haiti who were injured or affected by the earthquake.
JPMorgan Chase committed $1 million to the effort and encouraged its employees to donate as well; $250,000 will be used for urgent relief care in setting up temporary shelters and offering medical assistance through the American Red Cross and CARE. Another $500,000 will be used for future recovery and rebuilding efforts, and the bank will match employees' contributions of up to $250,000.
Rival Wall Street banks Goldman Sachs and Morgan Stanley each also donated $1 million.
In addition to a financial contribution, American Express is waiving credit card fees on transactions to government-sponsored relief organizations that are offering aid.
"We're not Johnson & Johnson, so we don't have bandages to send," said AmEx spokesperson Christine Eillott. "What we can do is waive the discount rate on credit card transactions for relief aid. This will last through February, when we’ll evaluate the situation at that time."
PepsiCo will donate $1 million to the victims and provide Quaker products, bottled water and Gatorade through its bottlers in Florida and the Dominican Republic. Of that donation, $500,000 will be used for short-term relief, with the remaining $500,000 to be used over the longer term.
Drugmaker Eli Lilly said it will donate medicines and $250,000 cash. It will also match employee contributions up to $250,000.
Amgen is providing $2 million and will ask staff to contribute through a Web site. It will match those contributions.
Campbell Soup is contributing at least $200,000 and putting a mechanism in place for employees to make contributions.
AMR's American Airlines scheduled three flights to Port-au-Prince with 10,000 pounds of aid, including material for hospitals. Three more flights were scheduled for Thursday.
American is working with the Red Cross on a program through which members can make donations toward relief in return for frequent flier miles.
ConAgra Foods said it would pledge $100,000, while cereal maker Kellogg will donate $250,000.
Drugmaker Abbott Laboratories will provide $1 million in humanitarian aid, including donations of medicines and nutritional products.
BMO Financial Group pledged $250,000 to the American Red Cross, and Internet services company Go Daddy will donate $500,000 to aid quake victims.
Rogers Communications and the Rogers family will donate $250,000 in funds and goods to Partners In Health :Haiti and other relief organizations.
Home Depot and the Home Depot Foundation will donate $100,000 to the American Red Cross, while Walt Disney pledged $100,000 in humanitarian aid.
In Europe, British Airways is donating 300,000 pounds ($492,000) and is also offering the use of its aircraft for transportation of food, medical supplies and aid workers to Haiti.
To see a list of more companies that have already contributed to the effort, click here.
Challenges Arise in Relief Efforts
Challenges Arise in Relief Efforts
While people and corporations are opening up their wallets to lend their financial support to the victims of the earthquake, relief organizations are continuing to report extensive challenges getting aid into the region.
One challenge has been congestion at the airports as mulitple planes are converging on the island and communications remains spotty.
At one point the Federal Aviation Admistration halted air traffic to the island.
UPS , which is contributing financial support with a $1 million donation, will also be contributing logistics support as a member of the World Food Programme's Logistics Emergency Teams, as it did two years ago when Haiti was hit by hurricanes and flooding.
"Our job is to respond quickly and get supplies to those who need it most, but it's not an easy task in Haiti," said UPS Americas Region Health and Safety Manager John Vera, citing the lack of modern infrastructure.
According to The Wall Street Journal, a UPS official said damage to the air-traffic control tower and shipping docks have complicated efforts even further.
Haiti's main port has collapsed, with the main dock partially submerged and cranes that moved containers on and off ships partially under water.
—Reuters contributed to this report