Charity Goes Forward in the Wake of Tragedy
October 29, 2001
The launch of the Calvert Social Investment Foundation was propitious from a charity-giving perspective. With the events of Sept. 11 and the various charities that were created in the aftermath of the attacks, investors are decidedly in a giving mood. "We are finding people are a little bit more reflective now," Freundlich said.
In light of the terrorist attacks, Fidelity Investment's charitable trust has reduced its donation minimum of $250 to $100 when donors select any of the Sept. 11-created charities, such as the New York Firefighters 9-11 Disaster Relief Fund, or The New York Police and Fire Fighters Widows' & Children's Benefit Fund. The reduction lasts through the end of the year.
OppenheimerFunds, which safely evacuated close to 600 employees from its headquarters at two World Trade Center, created a special account under its charitable Legacy Program dubbed The World Trade Center Legacy Relief Fund.
Anyone may donate to this fund in any amount, and OppenheimerFunds, along with its parent Massachusetts Mutual Life Insurance Company, will match all donations up to a maximum of $1 million. Four disaster relief charities have been selected to split the donations.