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Tsunami Aid From Private Sector Is Growing

Stock quotes in this article: CSCO , XOM , DIS , AXP , FDC , AIG  

Wells Fargo(WFC Quote), Sun Life Financial(SLF Quote) and Canadian Imperial Bank of Commerce(BCM Quote) will each contribute $100,000. Toronto Dominion Bank(TD Quote) of Canada is donating $250,000.

Other companies making significant monetary donations include Nike(NKE Quote), General Electric(GE Quote), American Express(AXP Quote), Walt Disney Co.(DIS Quote) and First Data(symbol Quote), which are each donating $1 million. Cisco says the networking company and its employees are donating about $2.5 million.

ExxonMobil(XOM Quote)is contributing $5 million and will match donations by its employees. The oil company employs about 5,000 people in the affected countries.

The Bill and Melinda Gates Foundation, a not-for-profit founded by Microsoft(MSFT Quote) Chairman Bill Gates, is giving $3 million.

Ace(ACE Quote), the insurance company, said it would match donations to any relief fund made by its employees. American International Group(AIG Quote), the world's biggest insurer, said it also with match employees donation. The Starr Foundation, an organization affiliated with AIG, is contributing $2.5 million.

The insurance industry is not expected to take a big financial hit from the earthquake and tsunami because the number of policies issues in the affected countries is relatively small. General Motors(GM Quote) is donating $1 million and is matching employee donations.

Other companies are donating services and goods. PepsiCo(PEP Quote) and Coca-Cola(KO Quote) are donating thousands of cases of bottled water. Kimberly-Clark(KMB Quote) is donating diapers, surgical gloves and other health care products. FedEx(FDX Quote) is shipping supplies to several affected countries on behalf of a number of relief agencies.

Starbucks(SBUX Quote), in addition to a $100,000 contribution, says it will begin donating $2 from the sale of every pound of Sumatra coffee it sells to the relief effort.

The top of Amazon.com(AMZN Quote) contains an appeal for contribution and allows visitors to make a direct donation to the American Red Cross. As of this morning, the online retailer had collected $4.3 million from 71,724 contributors.

The nation's biggest retailer, Wal-Mart is contributing $2 million to the Red Cross. The company also said it would

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