Bank of America commits $1M for Haiti relief
CHARLOTTE, N.C. — Bank of America Corp. announced Wednesday that it committed to give $1 million to help victims of the earthquake that hit Haiti Tuesday.
A 7.0-magnitude earthquake struck just west of the capital, Port-au-Prince, and it is feared thousands have died. President Barack Obama has promised an all-out rescue and humanitarian effort.
The bank also said it will match any donations its employees make and will not limit its total gift.
Half the $1 million commitment covers a grant to the American Red Cross for the Haitian Relief and Development Fund. The other $500,000 will cover long-term recovery, including restoring basic medical services and rebuilding homes and schools.
Bank of America is based in Charlotte, N.C.
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