Two-thirds of Katrina Donations Exhausted
This story and the above chart from the Washington Post is just depressing. More then two-thirds of donations given to private charities have already been allocated. Therefore, the $200 billion or more required to rebuild the region over the next decade plus might be hard to find.
Six months after Hurricane Katrina laid waste to the Gulf Coast, charities have disbursed more than $2 billion of the record sums they raised for the storm’s victims, leaving less than $1 billion for the monumental task of helping hundreds of thousands of storm victims rebuild their lives, according to a survey by The Washington Post.
Two-thirds of the $3.27 billion raised by private nonprofit organizations and tracked by The Post went to help evacuees and other Katrina victims with immediate needs. What’s left, say charities and federal officials, will need to be stretched over years to rebuild lives and reconstruct the social fabric of the Gulf Coast.
And another chart from the same article, highlighting the top ten Katrina charities and how much money they’ve already allocated. I think you have to give it to American Red Cross (84.5%), International Aid (100%), and the United Way (89.6%) for getting the vast majority of their donations into victims hands quickly.
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