SAN FRANCISCO (AP) — Businesses and business charities have pledged more than $48 million to the earthquake relief effort in Haiti. That includes more than $10 million from two investment banks.
The donations businesses have announced include cash, promises to match employee gifts and contributions of medicine, food, water and other supplies and services.
Of the $35.2 million in cash that businesses and their charities have given, the two largest gifts were from brokerage houses.
Jefferies & Co. is donating $1 million plus all $5 million it earned in commissions Friday.
Deutsche Bank AG is giving $4 million, the sum it earned equity trades, and it will match employees’ contributions.