Corporate America has already pledged more than $40 million in donations to support earthquake relief efforts in Haiti. Corporate pledges for the country have tripled between Thursday and Friday, according to the U.S. Chamber of Commerce.
By Friday, 22 U.S. companies had already pledged $1 million or more apiece to international relief organizations working in Haiti. They include Amgen, Microsoft, Coca-Cola, and Time Warner.
We just decided this was the right thing to do,” said Lowe’s spokesperson Maureen Ricks. In addition to its gift to the American Red Cross, all 1,700-plus Lowe’s stores will serve as donation centers for the American Red Cross, Ricks added.
Read about how this disaster compares to donation averages in the past at Fortune magazine.