BofA, Walmart Foundation pledge Haiti relief

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Bank of America Corp. will give $1 million and the Walmart Foundation $600,000 to help victims of the earthquake that hit Haiti Tuesday, the company and the foundation said Wednesday.

A 7.0-magnitude earthquake struck just west of Haiti’s 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 said it also will match any donations its employees make and will not limit its total gift.

Half of Bank of America’s $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.

The Walmart Foundation said Wednesday plans to give $500,000 in cash plus food kits worth $100,000, both through the American Red Cross.

The foundation also launched a Web site at, where customers and employees can donate to nonprofits that are helping Haitian victims of the natural disaster.

The philanthropic organization said that in September 2008 it donated more than $100,000 to relief efforts for Haitians who were hurt that summer by hurricanes Gustav and Ike, which killed hundreds of people.