Corporate donations for Hurricane Maria relief top $24 million

[Kaya Yurieff | CNN Money]

Companies are stepping up to rebuild Puerto Rico.

As of Friday, corporate donations have reached $24.1 million for Hurricane Maria relief efforts — about triple the amount that had been contributed four days ago, according to an estimate from the U.S. Chamber of Commerce.

In addition, Orlando Bravo, the Puerto Rican-born co-founder of private equity firm Thoma Bravo, promised to give up to $10 million to the cause through the Bravo Family Foundation. Bravo’s donation isn’t included in the Chamber of Commerce’s tally of corporate donations.

Bravo’s fund, Podemos Puerto Rico, will be “focused on providing direct and targeted relief to communities in Puerto Rico that have been difficult to reach and lag in aid,” according to a press release.

The statement said the foundation has already contributed $2 million to the fund and it’s earmarked an additional $8 million to dole out over time.


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