|[November 07, 2012]
Barclays Announces $1.5 Million in Hurricane Sandy Relief Funds
NEW YORK --(Business Wire)--
Barclays announced that in response to the unprecedented damage caused
by Hurricane Sandy, the firm has committed $1.5 million in support of
disaster recovery efforts. The funds will be allocated by providing
$500,000 for emergency relief and $1 million for long-term recovery and
economic reconstruction efforts.
"The impact of Hurricane Sandy has been devastating," said Antony
Jenkins, Chief Executive of Barclays. "With more than 10,000 employees
living and working in the tri-state area, we are committed to the relief
and restoration of the communities affected by this storm. As the
Northeast moves into the recovery stage, we will provide all the
assistance we can, both in economic aid and by coordinating volunteer
opportunities for our colleagues."
The firm's pledged relief will include:
$500,000 for immediate relief investments
$100,000 to the Hurricane Sandy New Jersey Relief Fund
$100,000 to New York Cares' Hrricane Sandy Disaster Response
$100,000 to the American Red Cross, of which $50,000 will be
designated for the American Red Cross in Greater New York and $50,000
will be designated for the American Red Cross of Northern New Jersey
$100,000 to The Robin Hood Foundation's Hurricane Sandy Relief Fund
$50,000 to City Harvest's Hurricane Sandy efforts
$25,000 to Brooklyn Community Foundation's Brooklyn Recovery Fund
$25,000 to Food Bank for New York City's Hurricane Sandy efforts
$500,000 for long-term economic redevelopment investments
$500,000 to The Mayor's Fund to Advance New York City for small
business restoration and support
The remaining $500,000 pledged by Barclays will be used for additional
long-term economic redevelopment investments.
Barclays moves, lends, invests and protects money for customers and
clients worldwide. With over 300 years of history and expertise in
banking, we operate in over 50 countries and employ over 140,000 people.
We provide large corporate, government and institutional clients with a
full spectrum of solutions to their strategic advisory, financing and
risk management needs. Our clients also benefit from access to the
breadth of expertise across Barclays. We're one of the largest financial
services providers in the world, and are also engaged in retail banking,
credit cards, corporate banking, and wealth and investment management.
Barclays offers premier investment banking products and services to its
clients through Barclays Bank PLC.
For more information, visit www.barclays.com
[ Back To TMCnet.com's Homepage ]