Business Roundtable Members Contribute More Than $135 Million In Cash And In-kind Donations To Hurricane Katrina Relief Efforts

Business Roundtable member companies have contributed more than $135 million in funding, services, supplies and equipment to support the Hurricane Katrina relief efforts. Members of the Roundtable, an association of 160 CEOs of leading U.S. companies, made a wide range of non-cash donations including replacement medicines, information technology and communications equipment, cars and trucks, mortgage relief and deferred vehicle financing, temporary housing, pre-cooked food, back-packs filled with school supplies for children affected by the disaster, and more.

The Roundtable members’ efforts marked the first test of the organization’s new disaster relief initiative, Partnership for Disaster Relief, which seeks to fully integrate the capabilities of a variety of sectors � such as health, technology, financial services, construction, transportation and communications � into a coordinated private sector response. The program, launched earlier this year, aims to facilitate the resources and expertise of U.S. businesses to enhance and accelerate on-the-ground relief and recovery activities in response to major natural disasters.

Shortly after Hurricane Katrina touched down in the Gulf Coast, Chairman of Business Roundtable and Chairman and CEO of Pfizer Inc, Hank McKinnell, asked Roundtable member companies to provide assistance to relief organizations. As relief needs evolved with the worsening crisis, the Roundtable facilitated communications about requests from relief organizations, such as the American Red Cross and the Federal Emergency Management Agency (FEMA), to Roundtable members.

To date, cash donations from Roundtable members include more than $90 million in direct support and employee matching funds. Nearly $45 million in non-cash donations include: Transportation and vehicles from BNSF, Cendant, Ford, GE, GM, Navistar, Textron; Medicine and health products from Abbott Laboratories, Eli Lilly, Johnson & Johnson, Merck, Pfizer, Schering Plough, Wyeth; Information technology and equipment from EDS, IBM, Motorola, Sprint-Nextel, Xerox; Personnel and expertise from Cinergy, FedEx, Washington Group International; Miscellaneous products, food and equipment from CNH, Grainger, Home Depot, ITT, Johnson; Controls, Johnson & Johnson, Nationwide, Office Depot, Procter & Gamble, Siemens, Springs Industries, Tyson; Financial and insurance support from Cigna, Citigroup, Fannie Mae, Met Life, St. Paul Travelers.

A detailed listing of Roundtable member companies’ cash and non-cash donations is available here “The U.S. business community’s overwhelming response to this unimaginable disaster follows the lessons learned after last December’s devastating tsunami in Southeast Asia,” said McKinnell. “During the aftermath of the tsunami, our members and humanitarian partners experienced firsthand the essential role private sector support plays in disaster relief; but we also learned that business support must be a coordinated effort to be most effective.” Business Roundtable member companies donated more than $200 million in funding, services and materials to tsunami relief, part of over $450 million donated by U.S. companies.

“As we did after the tsunami, the Roundtable and its members will reassess our disaster relief program to continuously improve our ability to more effectively channel needed goods, services, financial resources and employee expertise to non-profit, government and multi-lateral agencies when disaster strikes,” added McKinnell.

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