Institutional donors contributed more than half of the $1.5 billion in private giving generated by the September 11 attacks, a new report says.
A total of 770 institutional donors gave $854.4 million, or 57 percent of the total contributed to relief and recovery efforts, including initiatives to focus on issues involving the attacks and their impact, according to Giving in the Aftermath of 9/11, a report by The Foundation Center.
Corporate donors pledged $621.5 million, or 73 percent of institutional giving, while foundations pledged $212.6 million, or 25 percent, and business institutions pledged $20.2 million, or 2 percent.
With pledges ranging from less than $1,000 to $50 million, 253 donors pledged or donated $1 million or more.
The September 11th Fund of the United Way of New York City and the New York Community Trust received the most — $131.9 million, or 15 percent of total Sept. 11th funding – followed by the Liberty Fund of the American Red Cross, which received $121.1 million, or 14 percent.
The biggest institutional donors were the Andrew W. Mellon Foundation, $50 million; Lilly Endowment, $30 million; ExxonMobil Corp., $16.25 million; Citigroup Foundation, $15 million; Deutsche Bank and Verizon Foundation, $13 million each; and Coca-Cola Co. and General Electric Fund, $12 million each.