Big Banks Give Big Bucks To Sandy Relief Efforts

Weather forecasters warned that a winter storm could hit the Northeast next week. Meanwhile hundreds of thousands of people in New York City, Long Island and New Jersey may not have power restored for up to 10 more days, officials said Thursday. With relief efforts under way, many corporations are stepping up and using their brand power to help assist those affected by Sandy.

Today, two of the “Big Four” pledged huge donations to help the Red Cross and local recovery efforts. Bank of America’s Charitable Foundation will donate $1 million to support relief efforts, including $500,000 to the American Red Cross Hurricane 2012 fund. As relief efforts evolve in the coming weeks, the remaining $500,000 will be directed to national, regional and local nonprofits to support long-term recovery needs

Wells Fargo bank will donate $1 million for relief efforts as well. A portion of the funds, $250,000, will go to the Red Cross. The remaining $750,000 will go to support nonprofits conducting grassroots relief and recovery efforts in affected areas.

As residents and business owners assess the damage caused by Hurricane Sandy, there’s a realization setting in that it will take plenty of time for things to return to normal. The Red Cross (redcross.org) provides shelter, food, health and mental health services to help families and entire communities get back on their feet. Although the Red Cross is not a government agency, it is an essential part of the response when disaster strikes.

Text REDCROSS to 90999 to Donate $10 to Disaster Relief Efforts

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Text REDCROSS to 90999 to donate to Disaster Relief efforts (You can make a $10.00 donation to the American Red Cross. Charges will appear on your wireless bill, or be deducted from your prepaid balance. All purchases must be authorized by account holder. Must be 18 years of age or have parental permission to participate. Message and Data Rates May Apply. Text STOP to 90999 to STOP. Text HELP to 90999 for HELP. Full Terms: www.mGive.org/T.)