Other companies making significant monetary donations include Nike (NKE), General Electric (GE), American Express (AXP - Get Report), Walt Disney Co. (DIS - Get Report) and First Data (symbol), which are each donating $1 million. Cisco says the networking company and its employees are donating about $2.5 million.
The Bill and Melinda Gates Foundation, a not-for-profit founded by Microsoft (MSFT) Chairman Bill Gates, is giving $3 million.Ace (ACE), the insurance company, said it would match donations to any relief fund made by its employees. American International Group (AIG - Get Report), 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) is donating $1 million and is matching employee donations. Other companies are donating services and goods. PepsiCo (PEP) and Coca-Cola (KO) are donating thousands of cases of bottled water. Kimberly-Clark (KMB) is donating diapers, surgical gloves and other health care products. FedEx (FDX) is shipping supplies to several affected countries on behalf of a number of relief agencies. Starbucks (SBUX), 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) 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