Alltel Donates $1 Million to Katrina Relief Effort Led by Bush, Clinton; Company Also Has Contributed $500,000 to Support Its Em
September 29 2005 - 11:03AM
Business Wire
Alltel (NYSE: AT) is donating $1 million to help recovery efforts
on the Gulf Coast led by former Presidents George H.W. Bush and
William J. Clinton. The donation will support the Bush-Clinton
Katrina Fund, which is contributing to short- and long-term relief
efforts in the affected states. The company also has contributed
more than $500,000 to the Alltel Charitable Fund to support
employees who were affected by Hurricane Katrina. In addition,
Alltel has pledged to match employee contributions to the internal
fund, a match that is expected to reach about $250,000. "Our
company and our employees experienced first-hand the tremendous
losses left behind in the wake of Hurricane Katrina," said Scott
Ford, Alltel president and CEO. "Extraordinary circumstances call
for an extraordinary response to help our communities, and Alltel
is proud to take part in the recovery efforts led by Presidents
Bush and Clinton." The Bush-Clinton Katrina Fund was established to
fill the unmet needs that arise in the recovery effort. The fund
will coordinate efforts with the governors of Louisiana,
Mississippi and Alabama, and also with established national and
local organizations, who are working directly with those affected,
in identifying and funding these gaps. "I want to thank Alltel for
its generous support on behalf of the victims of this devastating
disaster," said President William J. Clinton. About 250 Alltel
employees across the Gulf Coast region were affected by Hurricane
Katrina. Alltel is using its Charitable Fund to distribute cash to
employees to cover basic needs such as food, clothing and shelter.
The company also has set up housing and a long-term support network
in Little Rock for families displaced by the hurricane. Alltel is a
customer-focused communications company with more than 15 million
customers in 36 states and nearly $10 billion in annual revenues.
Alltel, NYSE: AT www.alltel.com
Atlantic Power (NYSE:AT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Atlantic Power (NYSE:AT)
Historical Stock Chart
From Jul 2023 to Jul 2024