$3m Citigroup donation for tsunami victims

In addition to 3 million dollars, Marge Magner, Chairman of the Citigroup Foundation, said that the Foundation would match employee donations to legitimate non-profit or non-governmental organisations (NGOs) working in support of the South Asia tsunami relief efforts with a corresponding contribution to the Red Cross.

Of the contribution, one million dollar will be given to the Red Cross for first response measures in the region, one million dollar will be allocated to local NGOs in the affected countries to meet the most pressing needs, and one million dollar will be earmarked for rebuilding the affected communities.

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