U.S. foundations and corporations have committed more than $1 billion in cash and in-kind giving for relief, recovery, and rebuilding in the aftermath of hurricanes Katrina and Rita, according to a report released today by the Foundation Center. The report, Giving in the Aftermath of the Gulf Coast Hurricanes, documents the experiences and insights of leading funders and provides the most comprehensive record available of the resources that institutional donors provided in response to the Gulf Coast hurricanes.
Key data findings include:
* Corporate giving accounted for the majority of cash giving by institutional donors -
$519 million, or 57 percent.
* Corporate giving focused more on immediate relief, while foundations focused more on recovery and rebuilding.
* The South rallied to take care of its own: grantmakers in just five Southern states, namely, Texas, Georgia, Arkansas, Virginia, and Louisiana, collectively accounted for over one-fifth or 21.6 percent of the institutional response to the disaster.
* Most giving (83 percent) went to intermediary organizations outside of Louisiana and Mississippi.
* A few large foundations dominated foundation giving, although the Foundation Center tracked support from more than 500.
* More than 200 institutional donors (about one in four) contributed $1 million or more for relief and recovery efforts.
* Religiously affiliated organizations received over one-fifth of total disaster response contributions from institutional donors whose giving was tracked in this study.
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