Join The Discussion

 

Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

read more >

Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

read more >

Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

read more >

Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

read more >

Podcasting superstar from 'Serial' coming to Fort Worth

If you hear yourself hearing a certain haunting theme in early August as you pass the Omni Fort Worth Hotel, don’t be alarmed.

read more >

 

Donations for Oklahoma top $20 million

A garden statue of the Virgin Mary stands in front of a house window shattered by the tornado in Moore. The house is missing shingles and trim but is largely intact. A neighbor's house just two doors away was reduced to rubble, one of dozens of houses destroyed in the neighborhood

Credit: William Walker/CNN 

 

NEW YORK (CNNMoney) -- Millions of dollars are being raised in the wake of the deadly Oklahoma tornado.

The Red Cross has received more than $15 million in donations and pledges so far for the town of Moore, which was struck by a tornado Monday that killed 24, injured more than 300 and destroyed thousands of homes.

With the money raised, the organization has opened 10 emergency aid stations, provided shelters for victims, served more than 16,000 meals and snacks and given out more than 3,000 relief items like shovels, toiletries and trash bags.

The Salvation Army has raised another $4.3 million, and donations made to individual victims or nonprofits via crowdfunding websites now exceed $1 million. Other aid organizations, including AmeriCares and Feeding America are also collecting donations for victims.

Big businesses are making some of the largest donations. Companies including Lowe's, Walmart, Continental Resources and ConocoPhillips have each given or pledged $1 million or more to the Red Cross and other organizations.

Overall, businesses have donated $24 million, according to the Chamber of Commerce Foundation's Business Civic Leadership Center.

And some companies are donating more than cash. In addition to contributing $1 million, Chesapeake Energy, for example, is using some of its oil-drilling equipment to assist with the clean-up efforts, and it provided generator-powered flood lights and truckloads of leather gloves, hard hats and safety glasses for rescue and recovery efforts.

As the generous donations continue to pour in, Oklahoma needs all the help it can get. The series of tornadoes that swept across the Midwest between May 18 and May 20 -- the most powerful of which touched down in Oklahoma -- caused between $2 billion and $5 billion in structural damage, according to an estimate from catastrophe risk modeler Eqecat. And that doesn't even include the medical costs that many families are facing as a result of the storm.

So far, monetary donations trail the amounts raised after Superstorm Sandy, which devastated much of the nation's east coast. Only a couple days after Sandy hit, the Red Cross had already raised nearly $35 million. To date, the Red Cross has brought in $302 million for Sandy relief.

 

< back

Email   email
hide
Catch
How 'bout them Cowboys?