Two organizations focused on cooperatives are stepping in to enable donations in support of recovery efforts after the devastating effects of Hurricane Sandy: the Cooperative Development Foundation (CDF) and the National Credit Union Foundation (NCUF).
Citing the need to help in the recovery of the cooperative community that was in the path of Hurricane Sandy, CDF has announced the launch of the Hurricane Sandy Cooperative Recovery Fund. The fund will direct tax-deductible contributions to individuals and cooperative businesses along the East Coast and throughout the Mid-Atlantic and New England states that have experienced losses as a result of the storm. CDF, which promotes community, economic and social development through cooperative enterprises, also announced that the first contribution to the fund is $10,000 from the National Cooperative Bank (NCB). CDF seeks contributions from all sectors of the cooperative business community and from the general public.
“This is all about co-ops helping co-ops,” said CDF Executive Director, Liz Bailey. “Every time there has been a disaster, the cooperative community has responded, and we know that they will be there again for victims of Hurricane Sandy as well.”
In addition, NCUF has activated the online disaster relief system CUAid.coop to raise money for credit union people along the East Coast affected by Hurricane Sandy. Credit union supporters in every state can now make a donation online. CUAid enables credit union employees, volunteers and members, as well as credit unions and credit union organizations across the United States to contribute directly to support other credit union people.