Capital One today announced a $1 million commitment to support Hurricane Sandy relief efforts. Capital One’s cash contributions include $200,000 in emergency relief grants and an additional $600,000 to support longer-term recovery efforts and will also match up to $200,000 in contributions made by customers through the Capital One No Hassle Giving site.
Capital One’s commitment includes $200,000 in emergency relief grants to national and local organizations providing immediate on the ground support for relief efforts. The organizations receiving assistance from Capital One include AmeriCares, Global Giving, local NY, NJ and Delaware Red Cross chapters, the Virginia Disaster Relief Fund and the Community Foundation of the National Capital Region.
Capital One will also provide $600,000 in grants to aid in the longer-term recovery efforts in areas of New York and New Jersey that were devastated by the storm. This will include support for local organizations assisting families, communities and small businesses as they work to rebuild from the devastation caused by this unprecedented event.
“Capital One considers itself a part of many of the communities that were hardest hit by this disaster. We are grateful to the first responders who have put themselves in harm’s way and our thoughts are with the individuals, families and communities who have been impacted by the storm,” said Michael Slocum, Northeast Regional President, Capital One Bank. “Local non-profits and community based organizations will be providing critical assistance in the coming days, weeks and months, and we are committed to do everything we can to help our customers and local communities recover and rebuild from this devastating event.”Working in partnership with local non-profit organizations, Capital One associates will also assist in immediate and long-term recovery efforts, through company-matched monetary contributions and donations to area food banks, by providing disaster kits and other assistance to shelters in impacted areas, and volunteer efforts to assist in local clean-up and neighborhood rehabilitation.