Thursday, August 24, 2006

School Kids Donate More to Katrina Relief Than Most Big Corporations

ABCNews The Blotter reported School children across the United States have raised more money for Katrina relief efforts than many major U.S. corporations, according to a non-profit group, RandomKid, which has tracked donations by children. Over $10 million was raised by school kids through bake sales, lemonade stands, car washes and other fundraisers, according to RandomKid. That's more than almost every major U.S. corporation gave.

OK, they are lumping money raised by school children all over the country, and comparing it to donations from individual corporations, all of which are responsible to their own Boards of Directors as to how they are spending corporate money. And the amount the kids raised is much much much smaller than what the Federal Government paid (using tax money raised from corporations as well as individuals)
More than wealthy oil and petrochemical companies, such as Chevron and ConocoPhillips.
But not more than the larger Exxon or BP Amaco
It's more than what AT&T and Verizon gave combined. And it's more than major brand name corporations like GE and Coca-Cola gave. Only five U.S. corporations gave more than what was raised by the school kids, according to recently released report by the Foundation Center, a non-profit organization that has tracked Katrina relief donations.
But how much came from all corporations grouped together, and how did that compare to funds from Government Sources, and of those government sources, how much came from the Feds, and how much from the states (much much less, I suspect)
Among the country's top corporate donors to Katrina relief, Wal-Mart is number one at $17 million, followed by Federal Home Loan Bank of Cincinnati ($15 million), Exxon ($13 million) and Freddie Mac and BP Amoco (just over $10 million each), according to the Foundation Center.

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