Categories: FinanceNewsTechnology

Silicon Valley Companies Raise US$300,000 For Hurricane Matthew Relief Efforts

Hurricane Matthew is another clear sign of how Mother Nature is not one to mess around with. After the devastation caused in Haiti, it became clear relief efforts will be needed quickly. Several Silicon Valley companies have come together to raise US$300,000 for building new homes.

Silicon Valley Wants To Support Hurricane Matthew Victims

Donating to a charitable organization is a great way to help with relief efforts in Haiti, however, some aren’t as trusting of these organizations and prefer to take matters into their own hands. 

Silicon Valley companies have come together and raised US$300,00 through nonprofit startup New Story for the victims of Hurricane Matthew. Top executives from Salesforce, Google, Docusign, and Amazon came together to raise funds.

All of the funds raised will go directly to rebuilding homes in Haiti. With 3,200 homes destroyed, there is no end to the amount of work that needs to be done. Keep in mind that the country was hit by a significant earthquake only a few years ago, it is likely many are still recovering from it and were also affected by the hurricane.

 

The choice to not go with a standard charitable organization is not entirely surprising either. During the Haiti earthquake relief efforts, the Red Cross collected millions in donations. However, only six homes were rebuilt when all was said and done. Relying on too many middlemen allowed malicious individuals to pocket money that wasn’t theirs to begin with.

Related Post

New Story, the nonprofit startup leading this new fundraising effort, managed to rebuild 211 homes in Haiti since launched in December of 2014. This goes to show a difference in approach can go a long way, as the money needs to end up in the hands of those who need it. Moreover, all of those 211 homes built survived Hurricane Matthew with relative ease.

The US$300,000 raised is only a drop in a burning bucket. Rebuilding thousands of homes will require a ton of money and effort, as well as a lot of time to complete. It is good to see Silicon Valley companies dedicate some effort to help out those in need. Tech companies have a responsibility to give back to the people who may rely on their services and products in a time of need.

Image credit 1

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Crypto Whale Sparks 8x Surge In $OPK Price with Massive Buy-in

A mysterious crypto whale, who previously invested 9,600 SOL into tokens $Pnut and $FRED, has…

34 mins ago

Early ENS Investor Transfers $2.47M To Binance Amid Upcoming Token Unlocks

An early investor linked to the $ENS token recently transferred 154,000 ENS tokens, valued at…

37 mins ago

Wintermute’s Memecoin Strategy: BABYDOGE Ranks Among Top 3 Holdings

In a surprising turn, $BABYDOGE has climbed to the top three in Wintermute’s memecoin holdings…

44 mins ago

$Pnut’s Meteoric Rise: How A Tragic Squirrel Inspired A Memecoin Sensation

The $Pnut memecoin recently soared past a $120 million market cap, creating unexpected wealth for…

49 mins ago

Political Memecoins And High-Stakes Bets Surge As Election Approaches

With election season heating up, political memecoins like $PEOPLE, $MAGA, $HARRIS, and $TRUMP are surging.…

55 mins ago

TRX Price Prediction: Tron Network Fee Cut to Spark New ATH?

Back into Spotlight: Tron Network Fee Cut Could Push TRX to ATH, But This DeFi…

10 hours ago