Following Hurricane Sandy, Citi is trying to help by doing its Part
By Mike Corbat, Chief Executive Officer, Citi November 06, 2012 09:11 AMHurricane Sandy exacted an enormous toll on the Mid-Atlantic and Northeast, decimating neighborhoods, destroying livelihoods, and, most tragically, taking lives. Since our founding 200 years ago, Citi has been proud to support the communities we serve, especially our hometown of New York City and during the past week, we reinforced this commitment by joining our neighbors in extending assistance to those in need.
In the immediate aftermath of the storm, the Citi Foundation donated $1 million to the American Red Cross to support post-Sandy relief and recovery efforts. The $1 million donation supplements a $500,000 grant that the Citi Foundation provides to the Red Cross every year to support the organization's relief activities. Citi has also contributed to organizations focused on local relief and recovery efforts, including the Staten Island-based Stephen Siller Tunnel to Towers Foundation. We also enabled Citi ThankYou® Rewards members to use their points to make donations to the Red Cross at www.thankyou.com.
And throughout this difficult time, Citi remains focused on providing expanded and flexible service to our customers and clients. By waiving fees and extending deadlines, we are trying to ease the burden so those impacted can focus on their most pressing needs.
Our colleagues have worked hard to deliver food, water and other necessities to the area's most hard-hit communities. On Friday, a team from Citi delivered food, water, and supplies to devastated neighborhoods in the Rockaways. Over the weekend, Citi volunteers delivered four large truckloads of meals-ready-to-eat (MREs) and water to The Food Bank of Monmouth & Ocean Counties to aid distressed residents along the Jersey Shore. Materials delivered included 39 pallets of MREs (that's food for a day for more than 9,000 people) and 29 pallets of water (nearly 42,000 bottles in total). Citi also made deliveries of food, water and other disaster-related necessities to a number of locations on Staten Island, including several Citibank branches, the Emergency Evacuation Center at Tottenville High School, the Red Cross Disaster Relief Site at New Dorp High School, and the office of New York State Senator Andrew Lanza.
Much of the recovery work is just beginning. We continue to reach out to our local nonprofit community partners, elected officials, and government agencies as we mobilize our businesses and our people in this massive effort. With temperatures dropping and our collective resolve being tested every day, Citi is committed to doing our part to help the region recover and rebuild--today and in the weeks ahead.
- Mike Corbat, Chief Executive Officer, Citi