Appliance and home improvement retailer The Home Depot and The Home Depot Foundation announced a direct cash donation of U.S. $1.5 million to support the relief and rebuilding efforts of areas devastated by Hurricane Katrina.
The Home Depot will make a direct donation of $400,000 to emergency management organizations, including American Red Cross and The Salvation Army, for immediate disaster relief and recovery.
In addition, The Home Depot will make a direct donation of $600,000 to support long-term rebuilding efforts in the affected communities. The funding will go to a "Rebuilding Fund" established by the Corporation for National Community Service and Hands On Network. The organizations will re-grant funds to nonprofit organizations and manage volunteer-driven rebuilding projects for community facilities, such as schools, senior and community centers, and parks.
The Home Depot Foundation will make a direct donation of $500,000 to nonprofit organizations that produce and rehabilitate affordable housing for low- to moderate-income homeowners to assist with the repair and rebuilding efforts. In addition, The Home Depot Foundation and The Home Depot will be working with its suppliers to donate additional materials, such as tarps, flashlights and bottled water, to emergency management organizations.
In the coming weeks and months, The Home Depot will transport and house thousands of associates to the Gulf states region to provide additional support to stores and communities affected by the hurricane. In addition, the company has identified six sites to stage temporary support centers to provide communities with additional reconstruction and disaster recovery materials.
"Our thoughts are with everyone who has been affected by this tragic natural disaster," said Bob Nardelli, chairman, president and CEO of The Home Depot. "The Home Depot has an extensive history of providing support to our communities as they recover from natural disasters. Through these donations and future volunteer support from our associates, we will continue to play an integral role in our local communities and their rebuilding efforts during the upcoming months."
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