This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GE Foundation Donates $4 Million To The Robin Hood Foundation To Support Hurricane Sandy Relief

In the wake of Hurricane Sandy, GE (NYSE: GE) today gave $4 million to the Robin Hood Foundation to support relief and recovery efforts under way in New York, New Jersey and Connecticut. These funds are expected to be used for longer-term housing, physical and mental health needs, food bank support and local economic recovery in impacted communities where the Robin Hood Foundation determines the need is greatest.

“Since our initial $1.25 million donation in the days following Hurricane Sandy, we have been staying in touch with national and local nonprofit organizations to understand where GE might be able to do more,” said Bob Corcoran, president of the GE Foundation. “We know from our experience with other disasters including Hurricane Katrina, the 9-11 attacks, and now Hurricane Sandy that often the greatest need is surfaced long after the immediate shock wears off. That is often when some of the harder work begins. Our employees, customers and neighbors were affected by this storm and we know that the work of the Robin Hood Foundation will help the community at large cope with the aftermath of Sandy.”

David Saltzman, executive director of the Robin Hood Foundation, said, “We are thrilled to have such generous support from the GE Foundation. For more than a decade, GE has been a trusted partner and long-time supporter of non-profit organizations both here and around the world. GE is committed to disaster relief in the immediate aftermath and also over the long term, consistently supporting communities as they move forward in their recovery.”

The GE Foundation is also supporting the charitable efforts of employees and retirees with a 100% match of funds to qualified relief organizations. The GE Foundation created its matching gift program in 1954 to support employees in their personal philanthropy by providing a dollar-for-dollar match. Separate from the GE Foundation but also in support of Hurricane Sandy, GE is supporting 12-12-12 The Concert for Sandy Relief at the $500,000 level.

About the GE Foundation

The GE Foundation, the philanthropic organization of GE, works to solve some of the world’s most difficult problems. With its partners, the GE Foundation focuses its efforts in the areas of health, education, the environment and disaster relief. In 2011, the GE family invested more than $198 million to global community and educational needs. For more information, visit www.gefoundation.com.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,757.91 +138.40 0.79%
S&P 500 2,077.42 +14.31 0.69%
NASDAQ 5,013.1230 +26.2560 0.53%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs