Corporate giants are making big contributions to disaster relief organizations to help victims of Tropical Storm Harvey.
Harvey landed in Texas as a dangerous hurricane, and life-threatening flooding continues in the Houston area. Countless people have lost their homes or are stranded, and thousands more have been rescued. More rain is forecast in coming days, making the situation precarious.
The storm is expected to leave behind billions of dollars in damages.
Companies have pledged $26 million to relief efforts as of Tuesday morning, according to an estimate from the U.S. Chamber of Commerce. But this figure is constantly changing as contributions continue to pour in.
CNNMoney’s analysis found companies had pledged nearly $40.9 million by late Tuesday afternoon, and 23 companies have donated $1 million or more. Verizon alone contributed $10 million on Tuesday.
Meanwhile, employee donation matching programs announced so far could bring in an additional $3.3 million. This figure will likely climb, as some companies left the amount they would match open ended, while others are also accepting customer donations.
“The corporate response thus far [has] been strong,” Marc DeCourcey, senior vice president of the Chamber of Commerce Foundation, told CNNMoney.
However, it’s still too soon to tell how corporate donations to Harvey compare to other disasters.
“This disaster is still unfolding … We’re still in the response phase, and in some instances the rescue phase. We’re encouraging companies all across America to give now, and to give to trusted nonprofits,” DeCourcey said.
Experts say Corporate America has stepped up its giving over the years.
Hurricane Katrina and Rita in 2005 brought in more than $1 billion in business aid within the first six months of each disaster, according to the Chamber of Commerce Center for Corporate Citizenship.
The Indian Ocean tsunami in 2004 raised $566 million from corporate donations, while the 2011 Japanese earthquake and tsunami brought in $301 million. Hurricane Sandy in 2012 raised $141 million within the first six months in business aid, per the Chamber’s data.
Companies have also gone beyond just writing a check, such as volunteering, providing in-kind donations like water and food, and encouraging employees to donate by matching contributions, according to Mark Shamley, the president and CEO of the Association of Corporate Citizenship Professionals.
“The bottom line is companies have embraced their civic duty to respond to disasters in ways that transcend check writing,” he said.
When companies respond to disasters, they build a tremendous amount of good will externally and internally, says Una Osili, associate dean at the Indiana University Lilly Family School of Philanthropy.
“Employees themselves want to work within companies that are engaged in a broader social good and making the community better,” she said.
As Harvey pummels Texas, many corporate giants are overwhelmingly donating to the Red Cross.
“While it is too early to compare this disaster to any others from a financial perspective, we can say that we are extremely pleased and gratified by the outpouring of support we are receiving to help those affected,” a Red Cross spokeswoman told CNNMoney.
Here’s a running list of what companies are doing to help.
Abbott and its foundation the Abbott Fund are giving $1 million in grants and healthcare and nutrition products. That includes $900,000 in grants to the Red Cross, Americares and Direct Relief, and $100,000 in healthcare and nutrition products.
The Aetna Foundation announced a $100,000 contribution to both the American Red Cross and the Community Foundation of Greater Houston. It will also donate $50,000 to nonprofit Team Rubicon to assist current and future disaster relief efforts.
The Allergan Foundation on Monday said it will donate $100,000 to the Red Cross to support victims of Harvey.
Amazon and Whole Foods will match cash donations made on Amazon.com up to $1 million to the Red Cross Hurricane Harvey Relief.
The tech giant made a $2 million donation to the Red Cross over the weekend, an Apple spokeswoman told CNNMoney. Apple will also match employee donations 2 to 1. Users can donate to the Red Cross through iTunes or on the App Store.
AT&T is contributing $350,000 to help communities following the storm, including $100,000 to the Greater Houston Community Fund, $100,000 to the Red Cross Hurricane Harvey Fund and $50,000 to the Coastal Bend Community Foundation in South Texas.
The AT&T Foundation will match employee donations up to $50,000 each to Team Rubicon and to the AT&T Employee Disaster Relief Fund, which supports employees who live in the areas affected by the storm. (AT&T is acquiring Time Warner, the parent company of CNN.)
Bank of America
The Bank of America Charitable Foundation is donating $1 million to support Harvey relief efforts, including a $250,000 donation to the Red Cross. The remainder of the funds will be allocated as the company learns more about recovery needs, a spokesperson told CNNMoney.
Bank of America will also match employee donations of $1 or more until September 30. Its usual gift match minimum is $25.
Bayer told CNNMoney it is donating $100,000 each to the Red Cross and nonprofit Direct Relief.
Bank BB&T is giving $100,000 to the Red Cross of Greater Houston in Texas.
The Boeing Charitable Trust committed $1 million to the Red Cross for Harvey relief efforts.
Financial services provider BMO Financial contributed $100,000 to the Red Cross.
The Caterpillar Foundation donated $300,000 to the Red Cross to help with immediate relief efforts for Harvey.
Cheniere Energy on Monday said it will make a $1 million donation to the Red Cross to help with relief and recovery efforts following the storm.
Chevron is making a $1 million donation to the Red Cross. The oil and gas company will also match donations made to relief efforts by its employees and retirees.
The Cigna Foundation is contributing $100,000 to the Red Cross. Cigna employees can also request matching funds for their donations to the Red Cross.
The Citi Foundation has committed a $1 million donation to the Red Cross, the company told CNNMoney.
The Coach Foundation has committed $200,000 to the Red Cross. Coach will also match employee contributions.
The Coca-Cola Foundation pledged $1 million to the Red Cross on Tuesday. Coca-Cola will also match employee donations made to the company’s Employee Disaster Relief Fund up to $100,000.
Comerica, a Dallas-based bank, will donate $100,000 to the Red Cross.
CVS Health and the CVS Health Foundation announced $200,000 in cash and in-kind product donations, including $50,000 each to the Greater Houston Community Foundation and the Red Cross, and $25,000 to the Salvation Army.
CVS will also match employee contributions up to $25,000.
The Dow Chemical Company Foundation is contributing $1 million to support Harvey relief, including $100,000 each to the Red Cross Disaster Relief Fund and Team Rubicon.
Dow is also matching employee and retiree donations up to $100,000 to the Red Cross.
The Enterprise Rent-A-Car Foundation is donating $1 million to the Red Cross.
Exxon Mobil on Friday said it’s donating $500,000 to Red Cross organizations along the U.S. Gulf Coast to aid with relief efforts. On Tuesday, the company contributed $500,000 to the United Way of Greater Houston.
Facebook will match up to $1 million in donations made on its platform for the Center for Disaster Philanthropy’s Hurricane Harvey Recovery Fund.
FedEx committed $1 million in cash and transportation support to deliver medical aid and supplies in the wake of the storm. It works with the Red Cross, Direct Relief, Heart to Heart International, the Salvation Army and Team Rubicon.
The Ford Motor Company Fund is donating $100,000 to disaster relief efforts in Texas. It will also match up to $50,000 in contributions to the Red Cross.
The GE Foundation has donated $500,000 to the Red Cross, a spokeswoman told CNNMoney. It will also match employee donations to participating disaster relief organizations.
Google is making a $250,000 Google.org grant to the Red Cross and matching employee donations up to $250,000. Google.org also launched a matching campaign for consumers, up to $1 million.
H?E?B Grocery will donate $100,000 toward Hurricane Harvey relief efforts, specifically to the Red Cross, Salvation Army and Feeding Texas. Customers can also make a donation at its Texas stores.
HCA Healthcare donated $1 million to the American Red Cross.
Home Depot on Monday committed $1 million to help storm relief efforts. The donation will go to nonprofits, such as the Red Cross, Salvation Army, Convoy of Hope, Operation Blessing and Team Rubicon.
The Humana Foundation, the philanthropic arm of health insurance company Humana, on Saturday gave a $250,000 immediate grant to the Red Cross.
Intercontinental Exchange is making a $1 million contribution to the Red Cross and matching employee donations.
Investment bank Jefferies will donate $1 million to several charities aiding in the relief effort. The firm will also donate all net trading commissions on Wednesday from U.S., European and Asia equity, fixed income and foreign exchange trading to relief efforts.
JPMorgan Chase said it would donate $1 million to the Red Cross and other nonprofit groups providing immediate relief. The firm is also matching employee donations to these organizations.
Chase will also automatically waive or refund fees, such as late fees for mortgages and credit cards, through September 10 for customers in areas severely impacted by the hurricane.
Kansas City Southern
Kansas City Southern said its charitable fund will donate $50,000 to the Red Cross. The railroad company will also match employee gifts up to $25,000.
Kellogg Company Fund, the charitable arm of Kellogg, is committing $100,000 to nonprofit Feeding America to aid disaster relief efforts.
Kindred Healthcare is making a $50,000 donation to the Red Cross to aid recovery efforts from Harvey in Texas and the Gulf Coast.
Kohl’s announced a $500,000 donation to the Red Cross. The department store will also give an estimated $1 million to help Kohl’s associates who were significantly affected by the storm.
The Kroger Co. Foundation committed $100,000 to the Houston Food Bank. For every share of Kroger’s Facebook post, the foundation will donate $5 to the Food Bank, up to $100,000.
The home improvement retailer on Saturday announced a $500,000 contribution to American Red Cross Disaster Relief to help provide food, shelter and supplies to those impacted by Harvey and other crises.
At Lowe’s stores in Texas, customers can also make a donation to the Red Cross.
Microsoft on Monday announced a $100,000 grant to the Red Cross.
Motiva, a Houston-based oil company, pledged $500,000 to organizations such as the Houston mayor’s Hurricane Harvey Disaster Relief Fund and the Red Cross.
New York Life
New York Life is donating $500,000 to support Harvey relief efforts, including $150,000 to the Red Cross and $100,000 apiece to Save the Children and Feeding Texas.
The life insurance company will also match employee donations up to $150,000 to these organizations.
NextEra Energy is contributing $100,000 to the Red Cross and will match employee donations up to $100,000.
PenFed Credit Union
PenFed, one of the country’s largest credit unions, will donate $50,000 to the Red Cross Corpus Christi and Houston chapters.
PepsiCo and the PepsiCo Foundation gave a $1 million grant to the Red Cross.
The PNC Foundation, the philanthropic arm of PNC bank, will contribute $250,000 to the Red Cross and match employee donations up to $100,000.
Oil and gas company Range Resources announced a $100,000 donation to the Red Cross for Harvey relief aid.
Sealed Air is making a $100,000 donation to the Red Cross. The company will also match employee contributions up to $25,000.
The Sempra Energy Foundation will contribute $75,000 each to the Red Cross Hurricane Harvey Relief Fund and nonprofit Americares. The foundation will also match up to $50,000 in employee donations.
Shell announced a $1 million donation to the Red Cross Hurricane Harvey disaster relief fund on Tuesday.
The Southern Company Charitable Foundation will give $100,000 to the Red Cross. The company will also match employee and retiree donations.
Stanley Black & Decker
Stanley Black & Decker announced a commitment of up to $125,000 for immediate disaster relief, including a $50,000 donation to the Red Cross and $25,000 to the Houston ToolBank. It will also match employee donations 2 to 1.
The Starbucks Foundation donated $250,000 to the Red Cross. Customers can also make a contribution to Harvey relief efforts at any Starbucks store in the U.S.
Stream, a Dallas-based home energy and wireless provider, donated $25,000 through its philanthropic arm Stream Cares to the Red Cross Disaster Relief Fund.
The SunTrust Foundation announced a $100,000 grant to the Red Cross.
Target is donating $500,000 to support Harvey recovery efforts, including to organizations like the Red Cross, Salvation Army and Team Rubicon.
Tenet Healthcare Foundation contributed $20,000 to the Red Cross.
Under Armour donated $50,000 to assist Team Rubicon in response to Harvey.
Union Pacific has pledged $250,000 to support Hurricane Harvey relief efforts, including $100,000 to the Red Cross and $50,000 to Houston Mayor Sylvester Turner’s Hurricane Harvey Relief Fund.
The railroad company will match contributions to its employee support network through September 30, up to $100,000. It will also match donations made to the Disaster Relief Matching Gifts Program for Hurricane Harvey, where employees can contribute funding to the Red Cross, Salvation Army and other groups.
UnitedHealth announced a donation of $1 million to support Texas communities impacted by the storm. The company said it’s working with officials and stakeholders in Texas to determine “how the funds can most effectively support relief efforts.”
It is also offering a 2 to 1 match for employee donations toward disaster relief efforts.
The airline will give up to three million bonus miles to MileagePlus members who donate to disaster relief organizations such as the Red Cross or AmeriCares. United will also match the first $200,000 raised in donations on its crowdfunding campaign.
Verizon pledged $10 million to support Harvey relief efforts. The company said it would share which nonprofits its donating to in the coming days.
Walgreens pledged $200,000 to the Red Cross. Customers can also make a donation in stores in the U.S., Puerto Rico and U.S. Virgin Islands.
Walmart and the Walmart Foundation said they would give cash and product donations of at least $1 million to organizations like the Red Cross, Salvation Army and Convoy of Hope.
Wells Fargo is donating $500,000 to both the Red Cross Disaster Relief Fund and to local nonprofits focused on relief efforts in Texas.
The money transfer company’s foundation announced a $30,000 donation to the Red Cross on Sunday. The Western Union Foundation will also match “qualifying” contributions from its agents.
Western Union will also provide free money transfers when users send funds to Texas from the U.S.